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Global Economic & Market Outlook – Focus Notes (Friday, January 08, 2016)
Greece: State Budget Execution, Â January – November 2015
According to the final State Budget Execution data for the year-to-November 2015 period, the budget balance recorded a deficit of ca Euros 1.2bn, improved relative to the respective 2016 Budget (B16)) target (deficit of Euro 3.0bn). The primary balance recorded a surplus of ca Euros 4.4bn, significantly outperforming the B16 target (primary deficit of ca Euros 2.7bn)…
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GLOBAL FOCUS NOTE_Jan 08 BUDGET EXECUTION