General govt primary cash surplus improves to 1.4 bln in Jan, arrears rise to 4.8 bln

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 rose by 120 million euros to 1.42 billion in January from 1.3 billion a year ago, the Finance Ministry (MoF) gg bulletin showed on Tuesday evening.

The improvement fully reflects a substantial rise in the social security funds (SSFs) surplus to 565 million from just 31 million last year. Specifically, SSFs revenues soared almost 30 percent to 3.5 billion, while expenditure increased at a slower pac...

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