At 4.2%, 2012 deficits overshoots 3% target

14.01.2013                      03.Schwat. 5773

Haushaltsdefizit:

At 4.2%, 2012 deficits overshoots 3% target

At double the original projections, deficit adds burden to looming budget negotiations; politicians slam gov't in wake of data.

The final budget deficit for 2012 hit 4.2 percent of GDP, the Finance Ministry announced Sunday, blowing the 2% deficit originally planned for 2012 and the 3% deficit target out of the water and highlighting difficult choices ahead for post-election budget talks….