Central government net borrowing requirement on a cash basis: January

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Central government net borrowing requirement on a cash basis: January - August 2014

15/09/2014 - Press Releases

In January-August 2014, the central government cash balance recorded a deficit of €2,612 million, compared to a deficit of €9,041 million in the same period in 2013. During this period, ordinary budget revenue amounted to €30,222 million, compared to €28,768 million in the corresponding period of last year. It includes revenue of €1,310 million from repayment of preference shares, while revenue of €62 million regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks is excluded. Ordinary budget expenditure, including expenditure of about €311 million for the repayment of arrears, as well as €451 million for Greece’s contribution to the European Stability Mechanism, amounted to €32,899 million, from €38,824 million in January-August 2013.

Τhe cash primary balance of the state budget (surplus €2,317 million) remains a surplus if revenue regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks is included and revenue from repayment of preference shares, as well as expenditure for the repayment of arrears and for Greece’s contribution to the European Stability Mechanism are excluded.