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Budget shortfall rose to €2.675 billion in August
4 Sep 2012 Flash News
The state budget deficit rose from €2.239 billion in July to €2.675 billion in August, the Finance Ministry reported on Monday, September 3. In the same period of last year, public finances posted a deficit of €2.022 billion. A shortfall of €3.675 billion is planned for the whole of 2012, with the figure as of August representing 72.8 percent of the projected total.
Incomes as of August reached €7.105 billion, which represents a year-on-year drop of 3.2 percent, the TASR newswire cited the report. The figure equals 52.1 percent of the sum of €13.625 billion planned for the whole of 2012. Expenditures went up by 4.4 percent year-on-year to €9.780 billion, which represents 56.5 percent of the amount foreseen for the whole year of €17.3 billion.
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