Primary cash surplus at 19.54 bln in October on monthly and aggregate expenditure falls
Budget primary surplus at 6.46 bln in October on improved revenues and primary underspend
Eurosystem funding rises to 13.2 bln in October, banknotes up for third month
Building permits increase by 13.3 pct in August
Apartment prices up by 2.5 pct in Q3 as recovery trend continues
Car sales rise by 19.2 pct in October
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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