Greece’s 2012 Budget Deficit Narrows 30 Percent to Beat Target
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Greece’s budget deficit narrowed 30 percent in 2012, beating a target set for the year as the country cut spending.
The budget gap, excluding spending by state-controlled enterprises, narrowed to 15.9 billion euros ($21 billion) from 22.8 billion euros in 2011, according to preliminary figures released today by the Athens-based Finance Ministry. The government target for the period was 16.3 billion euros.