Forex | Forex | August; 2009 (28/08/2009 10:08:17)

August; 2009

Budget deficit aimed at 2.8% GDP Eurobonds performing well CPI slows to 1.2% y/y in July Budget deficit aimed at 2.8% GDP The government recently voted on two budget rebalances and setting the fiscal deficit target at 2.8% of GDP. The revenue side has been aligned with more realistic assumptions on real economy developments (GDP contraction of 4.5% in 2009). A new tax burden, with a time horizon until 2010, has been introduced to boost revenues. The most significant includes an


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