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Central Government Net Borrowing Requirement on a cash basis: January-May 2010

09/06/2010 - Press Releases

In the January-May 2010 period the Central Government cash deficit (net balance of the state budget including movements in public debt management accounts) decreased to 9,544 million euros from 14,628 million euros in the corresponding period of 2009. During this period, the ordinary budget revenue increased to 19,897 million euros from 18,338 million euros last year. Ordinary budget expenditure decreased to 25,257 million euros compared with 29,236 million euros in January-May 2009.

Central Government Net Borrowing Requirement on a Cash Basis

(million euros)

Annual data

May

January-May

2008

2009

2009

2010*

2009

2010*

-11,569

-24,621

I. NET BALANCE OF THE ORDINARY BUDGET

-3,067

-869

-10,366

-6,530

Revenue

52,153

48,560

4,003

4,828

18,338

19,897

Expenditure

64,272

74,790

7,278

5,606

29,236

25,257

Change of State deposits in the Bank of Greece

550

1,609

208

-91

532

-1,170

ΙΙ. NET BALANCE OF THE PUBLIC

-4,776

-7,304

INVESTMENT BUDGET

-751

-910

-4,009

-2,865

ΙΙΙ. NET BALANCE OF THE STATE BUDGET(Ι+ΙΙ)

-16,345

-31,925

-3,818

-1,779

-14,375

-9,395

IV. INTEREST PAYMENTS:

10,813

12,276

2,337

2,064

5,811

5,396

Treasury bills

49

112

0

-1

73

129

Bonds

9,604

9,838

2,263

2,345

4,557

4,710

Other

1,160

2,326

74

-280

1,181

557

V. PRIMARY BALANCE OF THE STATE

BUDGET

-5,532

-19,649

-1,481

285

-8,564

-3,999

VI. Change of the State debit and public

-1,016

-697

debt management accounts1

-36

-60

-253

-149

VII. NET BALANCE OF THE STATE

BUDGET (ΙΙΙ+VI) 2

-17,361

-32,622

-3,854

-1,839

-14,628

-9,544

(including movements in public debt

management accounts)

Notes:

1/ Including movements in DEKA and other public debt management accounts.

2/ Not including the outcome of the Payment and Control Agency for Guidance and Guarantee of Community

Aids(OPEKEPE)

*Provisional data

Source: Bank of Greece

 

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