General govt primary cash surplus falls to 2.6 bln in 2-month, arrears up for second month

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 fell by 430 million euros to 2.61 billion in the 2-month period of 2017 from 3.04 billion in the corresponding period last year, the Finance Ministry (MoF) gg bulletin showed on Monday evening.

Only social security funds (SSFs) recorded a substantial improvement. Their primary cash surplus climbed to 597 million from just 9 million a year ago. In contrast, the respective figure for the state budget dropped by 611 million to 1.63 billion.

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