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
Primary cash balance records deficit of 404 mln euros in 4-month period
Greece’s central government primary cash balance turned to a deficit of 404 million euros in the first four months of 2017, from a surplus of 2.93 billion euros last year, Bank of Greece (BoG) figures showed on Thursday. This year’s figure includes arrears’ repayments of 544 million, of which 112 million were paid in April.
The overall cash balance also recorded a deficit of 188 million euros, from a surplus of 205 million euros a year ago. This includes a one-off item of around 2 billion, related to National Bank (NBG) revenues from the sale of Finansbank, which were tran...
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