Bank of Greece: Greek central gov’t cash deficit down in January -March

The Greek central government cash balance showed a lower primary surplus in the January-March period this year compared with the corresponding period in 2017, the Bank of Greece said on Wednesday.

In a report, the central bank said that the primary surplus was 1.85 billion euros in the first three months of the year from 2.18 billion in 2017.

In January-March 2018, the central government cash balance recorded a deficit of 99 million euros, compared to a deficit of 251 million in the same period of 2017. During this period, ordinary budget revenue amounted to 11,331 million euros, compared to 10,718 million in the corresponding period of last year. Ordinary budget expenditure, including expenditure of about 457 million euros for the repayment of arrears (compared to 432 million last year), amounted to 11,911 million euros, from 12,913 million in January-March 2017.