Spain's Jan-Oct public deficit, minus town halls, narrows to 1.21% of GDP

- Spain's public deficit, including the central government, social security system and regions, but excluding town halls, narrowed to the equivalent to 1.21% of gross domestic product in the first ten months of the year, the Budget Ministry said on Friday.

The deficit figure was equivalent to 4.48% of GDP in the same period a year ago, the ministry said.

The deficit during the first nine months of this year was equivalent to 1.60% of GDP.