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Budget cash revenue surpasses targets in July

Budget cash revenues surpassed targets by around 105 million euros in July, General Accounting Office sources told AMNA on Wednesday, commenting on press reports alleging that budget revenues significantly fell short of targets in July.

The sources said that revenue cash flow in July was not a cause of concern and noted that regular budget net revenue amounted to 20.960 billion euros in the first half of 2016, up 777 million or 3.8 pct from targets.