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General government primary cash surplus widens to 2.5 bln by May, arrears resume upward trend

Greece’s general government (gg) primary cash surplus substantially widened by almost 5.5 times to 2.53 billion euros in the 5-month period of 2016 from 463 million a year ago, the Finance Ministry (MoF) gg bulletin displayed on Thursday.
The notable improvement largely reflects a remarkable increase in the cash surplus of the extrabudgetary funds by 1.65 billion euros followed by an increase in the state budget (+480 million), while the primary cash balance of the social security funds ...
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