General govt primary cash surplus rises to 2.6 bln in 4-month, arrears fall below 5 bln

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

Greece’s general government (gg) primary cash surplus edged up by 35 million euros from the previous year to 2.63 billion in the 4-month period of 2017, the Finance Ministry (MoF) gg bulletin showed.

Social security funds (SSFs) were the only subsector recording a notable improvement in their primary cash balance, which turned to a surplus of 1.07 billion from deficit of 643 million a year ago. Moreover, extrabudgetary funds’ surplus posted a modest...

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