ATHENS (MNI) – Greece’s government deficit shrank 32.3% in the
first eight months of this year compared to the January-August period of
2009, the Greek Finance Ministry announced Monday.

The ministry said this magnitude of deficit reduction outpaced the
target in its fiscal austerity plan, which calls for a 26.5% reduction
in red ink over the first eight months of the year. For all of 2010, the
government is seeking to reduce the deficit by 39.5% compared with 2009.

In euro terms, the January-August defict was E14.49 billion, down
from E21.38 billion in the same period last year.

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