Latest budget execution data point to a likely outperformance of the revised fiscal targets for FY-2012
Latest budget execution data point to a likely outperformance of the revised fiscal targets for FY-2012
Greece Focus Notes
11 Ιανουαρίου 2013
That is, despite the deeper-than-expected recession and certain underlying soft spots, primarily in the form of weak VAT and other indirect tax collections as well as increased state transfers to the social security system to offset weak business and employee contributions
Note that the full-year 2012 general government accounts in ESA95 terms will not be out before March 2013, as the data will need to incorporate the realization of certain expenditure and revenue items over the first two months of this year...
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