General gov't cash primary surplus to May halves, arrears keep rising

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

The general government (gg) primary cash surplus more than halved to 557 million in the 5-month period of 2015 from 1.16 billion last year, according the gg bulletin published by the Ministry of Finance (MoF) on Thursday.

Social security funds (SSF) also showed a primary cash deficit of 529 million from surplus of 258 million in the corresponding period last year corresponding to deterioration of 787 million YoY. This is fully attributed to lower revenues (down 11.4 perc...

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