Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Building activity falls by 2.4 pct in July
Travel balance posts surplus of 3.15 bln in H1 2017
General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln
Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.
The substantial improvement is mostly attributed to a remarkable expansion of the extrabudgetary funds’ surplus by 1.8 billion to 2.5 billion, while social security funds (SSFs) balance turned to a surplus of 923 million from deficit of 225 million last...
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