General gov't primary cash surplus up to 5 bln in 2016, arrears fall by 1.1 bln in Dec

EconomyMacroeconomy Tags: Arrears, Budget, MoF, Revenues, Taxes
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece’s general government (gg) primary cash surplus increased by 1 billion euros to 5 billion in 2016 from around 4 billion in the previous year, the Finance Ministry (MoF) gg bulletin revealed on Friday evening.

The fiscal performance largely reflects an improvement in the surpluses of the extrabudgetary funds’ and social security funds (SSCs) by 2.65 and 1.11 billion respectively. This outweighed a deterioration in the state budget balance by 2.6 billion. In a...

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