Industrial turnover rises by 7.7 pct in February
Feb current account deficit at 990.4 mln as services balance improves
Hirings balance positive by 43,737 in March
Primary cash balance at deficit of 34 mln in March
Eurosystem funding falls by 625 mln in Mar, banknotes in circulation rise by 12 mln
Travel balance rises by 9.2 pct to surplus of 13.90 bln in 2018
General government bottom line continues to improve with moderate decrease in arrears
The Greek general government (gg) cash deficit to August fell by 60.7 percent to 3.87 billion with the gg cash primary surplus rising by 12.7 percent to 1.78 billion, according to the Ministry of Finance (MoF). The released data incorporates SMP income of 1.5 billion recorded in the July budget execution. Furthermore, state arrears to the private sector retreated 2.0 percent month on month (mom) and 25.8 percent (2.29 billion) since the beginning of the year. Arrears came to 6.57 billion at the end of August.
The state budget is the key element in the reported gg evolution. There is an important difference compared to the released budget execution for the same period, which relates to a cash correction of 4.3 billion mainly stemming from settlement of arrear...
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