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Deposits continue to slide in Feb as households and firms dip into savings -
Lending to corporations drives credit expansion of 3.8 pct YoY in Feb -
Small gains for building activity in Dec, up 7.1 pct in full 2023 -
Economic sentiment and consumer confidence gain ground in March -
Travel balance surplus more than doubles YoY in Jan -
Income tax and VAT revenues drive budget primary surplus to 3.38 bln in Feb
Cash deficit widens as Greece pays off state arrears
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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