RTTNews - Spain's central government budget deficit was EUR 38.6 billion between January and June, the Economy Ministry said Tuesday. It accounts for 3.64% of GDP. A year ago, there was a deficit of EUR 4.6 billion in the same period.
Under EU rules, current and potential Eurozone members must keep their budget deficits below 3% of GDP. The European Commission asked Spain to bring its budget deficit below the ceiling by 2012.
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