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

21/05/2014 - Press Releases

In January-April 2014, the central government cash balance showed a deficit of 1,271 million euro, compared to a deficit of 5,268 million euro in the same period in 2013. During this period, ordinary budget revenue amounted to 14,433 million euro, compared to 13,644 million euro in the corresponding period of last year. It includes revenue of 940 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 120 million euro for the repayment of arrears, amounted to 16,245 million euro, from 19,338 million euro in January-April 2013.

Τhe cash primary balance of the state budget (surplus 1,332 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 are excluded.