ENGLISH

Financial News: Greek budget deficit down 36.5 pct in 2010

Δημοσίευση 11 Ιανουαρίου 2011, 12:35 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Financial News: Greek budget deficit down  36.5 pct in 2010
Facebook Twitter Whatsapp

Greece's state budget deficit was around 1.0 billion euros lower in the January-December 2010 period, compared with provisions included in the 2011 budget, falling to 19.603 billion euros from 30.871 billion euros in 2009, for a decline of 36.5 pct surpassing a budget target for a 33.2 pct decline in the year, the Finance ministry said on Monday.

Greece's state budget deficit was around 1.0 billion euros lower in the January-December 2010 period, compared with provisions included in the 2011 budget, falling to 19.603 billion euros from 30.871 billion euros in 2009, for a decline of 36.5 pct surpassing a budget target for a 33.2 pct decline in the year, the Finance ministry said on Monday.

The ministry, in an announcement, said that the 2010 budget performed better than expected, exceeding forecasts made in the 2011 budget report. The ministry attributed this favourable result to a 9.0 pct cut in regular budget spending last year, surpassing a budget target for a 7.5 pct decline, and a 12 pct drop in Public Investments Program spending, surpassing a budget target for a 11.3 pct decline in the year. Primary spending fell 10.7 pct in 2010, up from a budget target for a decline of 9.0 pct, while spending on interest rose by 7.3 pct, slightly down from a budget target of a 7.6 pct rise.

Regular budget revenues grew around 7.0 pct in 2010, with net revenues up 5.5 pct -short of a budget target for a 6.0 pct annual increase, while Public Investments Program revenues grew 50.2 pct, up from a budget target for a 41.7 pct growth. The figures covered only state budget execution and did not include general government figures.

Ακολουθήστε το Newpost.gr στο Google News και μάθετε πρώτοι όλες τις ειδήσεις

Δείτε όλες τις τελευταίες Ειδήσεις από την Ελλάδα και τον Κόσμο, στο Newpost.gr