General govt balance deteriorates due to deficits of state and social security funds

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

Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.

In the underlying subcategories, the state budget deficit up to July was 9.09 billion euros, compared to 7.3 billion euros last year. Extrabudgetary central government balance had a surplus of 844 million, from 1.68 billion euros last year.

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