Press Releases

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

15/10/2014 - Press Releases

In January-September 2014, the central government cash balance recorded a deficit of €2,213 million, compared to a deficit of €8,881 million in the same period in 2013. During this period, ordinary budget revenue amounted to €34,459 million, compared to €32,740 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 €312 million for the repayment of arrears, as well as €451 million for Greece’s contribution to the European Stability Mechanism, amounted to €36,447 million, from €42,680 million in January-September 2013.

Τhe cash primary balance of the state budget (surplus €2,757 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 - September 2014 - Table

 

 

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