General government primary cash surplus triples to 3 bln by February, arrears climb to 6.1 bln

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Taxes

Greece’s general government (gg) primary cash surplus tripled to 3 billion in the first two months of 2016 from 1 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Friday.

The remarkable fiscal performance mostly reflects a considerable improvement in the state budget figure, which climbed to 2.55 billion from 850 million last year. Extrabudgetary funds and Local government also recorded a rise in their primary cash surpl...

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