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Global Economic & Market Outlook – Focus Notes (Thursday, January 28, 2016)
Acording to the final State Budget Execution data for the year-to-December 2015 period, the budget balance recorded a deficit of ca Euro 3.5bn, deteriorated relative to the respective 2016 budget (B16) target (deficit of Euros 2.6bn). The primary balance recorded a surplus of ca Euros 2.3bn, significantly outperforming the B16 target (primary surplus of ca Euros 3.3bn).
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GLOBAL FOCUS NOTE_Jan 28 BUDGET EXECUTION FINAL
