EU statistics agency Eurostat may revise upwards Greece’s 2009 budget deficit but this will not significantly impact this year’s fiscal gap, a senior official at Greece’s finance ministry said on Tuesday.
“Even if there is a significant revision for 2009, the impact on the 2010 deficit will be very small,” the official, who did not want to be named, said.
Greece expects to slash this year’s budget deficit to 7.8 per cent of GDP from 13.8 per cent in 2009, based on its draft 2011 budget unveiled on Monday.