Primary cash surplus improves 2.5 times to 3.49 bln in 2015

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

Greece’s central government primary cash surplus substantially improved by almost 2.5 times to 3.49 billion in 2015 from 1.42 billion in 2014, Bank of Greece (BoG) figures displayed on Wednesday.

Stripping out extraordinary items related to revenues from the repayment of banks’ preference shares of 1.31 billion, arrears’ payment of 1.01 billion and contribution of 451 million to the ESM in 2014 as well as bank fees of 556 million in 2015, we get...

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