General govt primary cash surplus falls to 1.2 bln in Q1, arrears edge down to 5.05 bln

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Revenues, Taxes
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece’s general government (gg) primary cash surplus dropped by 1.17 billion euros to 2.04 billion in the first quarter (Q1) of 2017 from 3.22 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Friday.

Only social security funds (SSFs) posted a marked improvement. Their primary cash balance turning from a deficit of 72 million euros last year to a surplus of 1.01 billion this year. In addition, local governments also showed a modest rise of 36 million...

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