Market Currents
Spain’s central government budget deficit narrows to 4.39% of GDP in Jan-Sep from 4.77% in...
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Wednesday, October 31, 2012, 3:08 AM ETSpain’s central government budget deficit narrows to 4.39% of GDP in Jan-Sep from 4.77% in Jan-Aug as revenue from sales tax (VAT) jumps 11% Y/Y in September after an increase takes effect. The fall in the deficit could help Spain resist calls for a bailout and achieve its target of reducing the overall public sector deficit to 6.3% this year.
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