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Revenues for the period January-February 2015 came in at 7.8bn compared to 8.8bn expected, 963 million still short of the target.

For the period of January-February 2015, state budget expenditures came in at 7.98bn against 8.8bn expected,  844 million below target, thus explaining the improvement in the primary balance(see Figure 2).

Of course the Greek government doesn't accept the target, but further cutting of expenditures is pretty worrying.

by generic on Wed Mar 18th, 2015 at 08:53:43 AM EST
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