Portugal posts first-quarter public surplus, 12-month gap near zero
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LISBON (Reuters) - Portugal's finances swung to a budget surplus of 0.4% of gross domestic product in the first quarter from a deficit a year earlier, making the gap in the 12 months to end-March shrink to nearly zero, the National Statistics Institute said on Monday.The quarterly number, which confirms a public sector surplus announced by the finance ministry earlier, compares to a deficit of 1% in the same period a year earlier.Revenues rose 6.2% in the first quarter, at double the pace of..