General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend

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

Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.

The notable improvement largely reflects a remarkable increase in the cash surplus of the extrabudgetary funds by 1.65 billion euros followed by an increase in the state budget (+480 million), while the primary cash balance of the social security funds ...

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