State arrears to Nov fell to 5.86 bln but 1.96 bln of new debts created in 2013

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

The Greek general government (gg) cash deficit to November fell by 54 percent to 4.43 billion with the gg cash primary surplus dropping by 14.3 percent to 1.99 billion from 2.31 billion last year, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.

The disclosed gg data is on a cash basis, incorporating payment of previous years’ state arrears of 4.69 billion, which distorts the gg fiscal balance for this year. Furthermore, it includes SMP and ANFA income of 2.18 billion euros that is not incorpor...

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