Budget deficit up in Q1, Bank of Greece report says

The Greek state budget reported a cash deficit of 6.8 billion euros in the first three months of 2021, the Bank of Greece said on Friday. The central bank, in a report, said that the cash deficit of the central government was 6.840 billion euros in the January-March period, from a deficit of 3.5 billion euros in the corresponding period in 2020.

The primary deficit was 3.9 billion euros, from a shortfall of 326 million last year. The ordinary budget deficit was 7.0 billion euros in the first quarter from a deficit of 3.5 billion 2020, reflecting an increase in budget spending on pandemic support measures. Budget spending rose to 16.057 billion euros from 13.8 billion last year, while budget revenues were stable at 10.1 billion euros from 10.6 billion, respectively.