(ANSAmed) - NICOSIA, MAY 21 - The deficit of the Cyprus'
government in the first quarter of 2012 reduced to 148 million
euros, or 0.8% of GDP, compared to 310 million euros deficit or
1.7% of GDP in the same period of 2011, as Famagusta Gazette
reports. The reduction by 162.7 million euros of the
government's deficit during the first three months of 2012 is
due to the increase of the total revenue by 9.5% and to the
reduction of total expenditures by 0.6%. (ANSAmed).
