General gov't primary cash surplus shrinks in first half of 2015 as state arrears grow

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Revenues, Taxes

The general government (gg) primary cash surplus contracted by more than 1.6 billion euros to 238 million in the first half of 2015 from 1.85 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.

The breakdown of the four key gg entities displayed mixed trends, similar to those reported in the 5-month period.

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