General gov't primary cash surplus for Jan-Apr quadrupled to 2.6 bln, arrears stable at 6.7 bln

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Revenues, Taxes
Photo by MacroPolis
Photo by MacroPolis

Greece’s general government (gg) primary cash surplus more than quadrupled to 2.6 billion euros in the 4-month period of 2016 from 581 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday.

The remarkable improvement mainly stems from a rise in the cash surplus of the extrabudgetary funds by 1.28 billion euros, followed by increases also recorded in the state budget (+697 million) and social security funds - SSFs (+139 million). In contras...

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