Greek primary cash surplus reaches 1.8 bln in H1 2014

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Revenues, Taxes

The Greek general government (gg) primary cash surplus stood at 1.8 billion euros in the first half of the year from a deficit of 1.86 billion in the corresponding period last year, according to the gg bulletin released by the Ministry of Finance (MoF) on Thursday.

The MoF announcement also indicates that excluding payments of previous years’ arrears to the private sector, the underlying gg primary cash surplus amounted to 2.2 billion euros from 590 million last year.

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