Spain's central government budget deficit narrows in the first quarter

By @ibtimes on

Spanish Budget Minister Cristobal Montoro said the central government budget deficit narrowed to 0.83% of GDP in the first quarter from 0.93% last year.

Deputy Budget Minister Marta Fernandez Curras said the deficit is on the right direction towards reaching full-year target of 3.5% of GDP.

Montoro said the government can supervise, penalize and intervene in regions falling behind the target.

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