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

13/06/2014 - Press Releases

In January-May 2014, the central government cash balance showed a deficit of 1,875 million euro, compared to a deficit of 7,316 million euro in the same period in 2013. During this period, ordinary budget revenue amounted to 18,129 million euro, compared to 17,017 million euro in the corresponding period of last year. It includes revenue of 1,310 million euro from repayment of preference shares, while revenue of 62 million euro regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks is excluded. Ordinary budget expenditure, including expenditure of about 181 million euro for the repayment of arrears, as well as 451 million euro for Greece’s contribution to the European Stability Mechanism, amounted to 20,210 million euro, from 24,295 million euro in January-May 2013.

Τhe cash primary balance of the state budget (surplus 1,057 million euro) 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.

Related link: Central government net borrowing requirement on a cash basis: January-May 2014 

 

 

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