October budget revenues beat target by 24% but gg arrears reach 2.47 bln in 2013

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

The Greek general government (gg) cash deficit to September fell by 42.3 percent to 5.50 billion with the gg cash primary surplus landing at 3 million from 434 million, the Ministry of Finance (MoF) said on Tuesday.

The released data incorporates SMP income of 1.5 billion euros recorded in the July budget execution. Furthermore, state arrears to the private sector slightly rose by 0.8 percent month on month (mom) at 6.63 billion mainly reflecting an increase in tax...

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