Notable increase in grants to social security sector leads to budget primary deficit in Nov

Economy

Greece’s budget primary surplus was confirmed at 4.34 billion euros in the 11-month period of 2015, up by 21.7 percent from the corresponding period last year, according to the Finance Ministry (MoF) final budget figures published on December 24.

Our understanding is that the government made these payments after the disbursement of the 2-billion bailout sub-tranche.

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