General government primary cash surplus expands to 3.9 bln by August, arrears drop further to 6.3 bln

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

Greece’s general government (gg) primary cash surplus expanded by 1.33 billion to 3.9 billion in the 8-month period of 2016 from 2.56 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Wednesday.

The notable improvement largely reflects a marked rise in the extrabudgetary funds’ surplus by 1.88 billion to 2.41 billion, while social security funds balance turned to a surplus of 614 million from deficit of 637 million a year ago. In addition, loca...

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