Primary cash balance turns to 295 mln deficit in Q1

EconomyMacroeconomy Tags: BoG, Revenues
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece’s central government primary cash balance turned to a deficit of 295 million euros in the 3-month period of 2017 from surplus of 2.85 billion a year ago, Bank of Greece (BoG) figures showed on Thursday.

This year’s figure includes arrears’ repayments of 432 million, of which 354 million were paid in March.

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