Primary cash balance records deficit of 404 mln euros in 4-month period

EconomyMacroeconomy Tags: BoG, Revenues
Photo by MacroPolis
Photo by MacroPolis

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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