Greece sees lower budget deficit in 2013, fiscal gap in 2016

ATHENS (Reuters) - Greece expects to cut its budget deficit to 4.3 percent of GDP this year, lower than previously forecast following debt relief measures, but faces a smaller primary surplus in 2016 than agreed with its lenders, new budget projections show. The deficit target for this year, unveiled in an updated 2013-16 medium-term budget plan on Friday, is smaller than an estimate of 5.5 percent of GDP in the previous mid-term plan drafted in October. ...

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