Greek State Budget execution data for Q1 2015 encouraging, despite increase in government arrears (April 17, 2015)

Associations, European Union, Markets, News, Organisations, Politics and Government, Statistics, Stock Markets, Trade and Commerce — By on April 17, 2015 at 6:36 PM
Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Greece’s finance ministry released earlier today preliminary data on the State Budget execution in
the first quarter of 2015.

The year-to-March Central Government budget recorded a €500mn
deficit, which compares with a targeted shortfall of €2, 111mn. In a similar vein, the primary balance (which excludes interest payments) recorded a surplus of €1, 735mn, significantly outperforming the €119mn budget target and a surplus of €1, 541mn generated in Q1 2014 (see Table).
In more detail, the pdf herebelow includes all the report; please log on:

GREECE MACRO FOCUS, April 17, 2015

 

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