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Department of Research and Chief Economist (VPS/RES/RES)
Primary balance, constant prices, in millions of 1998 domestic currency, deflated by CPI, last 4 quarters. The primary balance is defined as revenues minus primary expenditures. Revenues are defined as revenues, grants and transfers within goverment agencies. Primary expenditures are defined as total expenditures minus interest payments. It refers to the central administration. The fiscal year starts on January 1.
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