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Monthly state deficit nearly €18m

THE STATE budget recorded a €17.74 million deficit in January 2011, the Finance Ministry announced on February 1, as reported by the TASR newswire.

THE STATE budget recorded a €17.74 million deficit in January 2011, the Finance Ministry announced on February 1, as reported by the TASR newswire.

In the same period last year, the state recorded a surplus of €22.81 million. The overall deficit for 2011 is expected to reach €3.8 billion. State revenue stood at €830.38 million in January, an increase of 3.75 percent year-on-year. Expenditures reached €848.11 million, a 9.08 percent jump compared to January 2010.


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