Greece's budget deficit widens 0.8 pct in 2011
ATHENS Jan 11 (Reuters) - Greece's budget deficit widened last year as an austerity-fuelled recession cancelled out much of the extra revenues the government was hoping to raise through emergency taxes, data showed on Thursday. The central government budget gap widened 0.8 percent year-on-year to 21.64 billion euros ($27.45 billion) last year, according to figures from the finance ministry. The data refers to the state budget deficit, which excludes local authorities and social security spending. They do not coincide with the general government shortfall, the benchmark for the EU's assessment of Greece's economic policy programme.
- Sunken Korea ferry relatives give DNA swabs to help identify dead |
- Special Report: How the U.S. made its Putin problem worse
- Vice-principal of South Korea school in ferry disaster commits suicide |
- Search resumes after Everest's worst climbing tragedy
- Current underwater search for Malaysia plane could end within a week