General govt primary cash deficit of 13.75 bln in November, arrears drop by 302 mln

EconomyMacroeconomy Tags: Arrears, MoF, Revenues
Photo by MacroPolis
Photo by MacroPolis

In the underlying subcategories, the biggest year-on-year (YoY) decline was noted in social security funds (SSFs) with an annual fall of 523 million euros, bringing the total figure to a surplus of 728 million euros. The equivalent figure for the same time last year showed a surplus of 1.25 billion.

An increase was seen in extrabudgetary funds with a rise of 2.61 billion, along with local governments with an increase of 190 million euros YoY.

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