Cash deficit widens as Greece pays off state arrears

EconomyMacroeconomy Tags: BoG

The central government net balance to September on a cash basis showed the deficit widening to 8.88 billion euros from 6.53 billion last year, according to the Bank of Greece (BoG). At the same time, the primary cash deficit also expanded to 3.32 billion from 543 million.

It is worth noting that the budget deficit to September narrowed to 2.67 billion euros with the primary surplus at 2.62 billion, according to Ministry of Finance (MoF) preliminary data. The key difference in the reported BoG and MoF figures is primarily...

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