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

17/11/2014 - Press Releases

In January-October 2014, the central government cash balance recorded a deficit of €2,250 million, compared to a deficit of €9,074 million in the same period in 2013. During this period, ordinary budget revenue amounted to €38,391 million, compared to €37,993 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 €336 million for the repayment of arrears, as well as €451 million for Greece’s contribution to the European Stability Mechanism, amounted to €40,068 million, from €47,904 million in January-October 2013.

Τhe cash primary balance of the state budget (surplus €3,003 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.

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

 

 

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