Greece ‘s central government cash balance deficit shrank to 2.842 billion euros in the January-November period, from a deficit of 9.964 billion euros in the corresponding period last year, the Bank of Greece said on Monday.
The central bank, in a report, said that ordinary budget revenue amounted to 41.858 billion euros in the 11-month period, compared to 41.638 billion in the corresponding period last year. This figure includes revenue of 1.310 billion euros 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 1.012 billion for the repayment of arrears, as well as 451 million for Greeceʼs contribution to the European Stability Mechanism, amounted to 44.166 billion euros, from 52.080 billion in January-November 2013.
Τhe cash primary balance of the state budget (surplus 2.605 billion euros) 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 Greeceʼs contribution to the European Stability Mechanism are excluded.
(source: ana-mpa)
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