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Portuguese Central Government Deficit Narrows 60%, Noticias Says

Portugal’s central government budget deficit narrowed 60 percent in the first quarter from the same period in 2010, Diario de Noticias reported, without saying how it obtained the information.

The deficit fell to 1.019 billion euros from 2.549 billion euros a year earlier, the Portuguese newspaper said. Staff costs fell 8.2 percent and tax revenue rose 15 percent, according to Diario de Noticias.

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