General govt primary cash surplus expands to 3.3 bln at end-June, arrears rise to 7.2 bln

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

Greece’s general government (gg) primary cash surplus expanded considerably to 3.33 billion euros in the first half of 2016 from just 245 million in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Thursday.

In absolute terms, the state budget and the extrabudgetary funds’ primary cash surpluses amounted to 2.22 and 1.31 billion respectively, both remaining steadily the key positive contributors to the overall positive gg balance. Local governments’ balance...

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