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Spain's 2016 deficit expected to be below 4.6 pct target - minister
March 21, 2017 / 11:58 AM / in 9 months

Spain's 2016 deficit expected to be below 4.6 pct target - minister

MADRID, March 21 (Reuters) - Spain’s budget minister said on Tuesday he expected the country’s deficit for 2016 to be below its target of 4.6 percent.

Spain’s 2017 deficit target of 3.1 percent, which it has agreed with Brussels, was demanding but “achievable,” Budget Minister Cristobal Montoro told reporters.

Excluding financial aid, Spain’s 2016 deficit would be close to 4.3 percent, Montoro said.

Reporting by Blanca Rodriguez; Writing by Angus Berwick; Editing by Amanda Calvo

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