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

16/01/2015 - Press Releases

In January-December 2014, the central government cash balance recorded a deficit of €4,209 million, compared to a deficit of €12,794 million in the same period in 2013. During this period, ordinary budget revenue amounted to €47,104 million, compared to €46,630 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 Markets Programme (SMP) income transfers from Eurosystem central banks is excluded. Ordinary budget expenditure, including expenditure of about €1,152 million for the repayment of arrears, as well as €451 million for Greece’s contribution to the European Stability Mechanism, amounted to €49,590 million, from €57,797 million in January-December 2013.

Τhe cash primary balance of the state budget (surplus €1,416 million) remains a surplus if revenue regarding Securities Markets 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 - December 2014 - Table

 

 

 

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