Despite payment of some arrears, total reached 4.6 bln at end of 2013

Travel balance to July soars by 19 pct, reaching almost 9 bln 22/09/2023 - 09:16
Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling 21/09/2023 - 11:07
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Loans managed by servicers broadly stable in Q2 at 71.16 bln 19/09/2023 - 11:50
Tax revenues continue to outperform in Aug, as ministry explains frugal approach 19/09/2023 - 10:28

Despite payment of some arrears, total reached 4.6 bln at end of 2013

EconomyMacroeconomy 11/02/2014 - 14:52 Tags: Arrears, Budget, MoF, Taxes

The Greek general government (gg) cash deficit narrowed by 48 percent to 7.05 billion in 2013 with the gg cash primary surplus dropping by 36.4 percent to 450 million from 707 million in 2012, according to the bulletin released by the Ministry of Finance (MoF) on Tuesday.

The disclosed gg data is on a cash basis, incorporating settlement of previous years’ state arrears and refunds of 6.16 billion, which distorts the gg fiscal balance for this year. Furthermore, it includes SMP income of 2.03 billion euros that is not in...

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