General government primary cash surplus substantially widens to 5.3 bln by September, arrears edge down to 6.2 bln

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

Greece’s general government (gg) primary cash surplus notably widened by 2.89 billion to 5.33 billion in the 9-month period of 2016 from 2.44 billion a year ago, the Finance Ministry (MoF) gg bulletin displayed on Wednesday.

The substantial improvement is mostly attributed to a remarkable expansion of the extrabudgetary funds’ surplus by 1.8 billion to 2.5 billion, while social security funds (SSFs) balance turned to a surplus of 923 million from deficit of 225 million last...

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