Greek central gov't deficit down in Jan-May
- Written by E.Tsiliopoulos
Greek central government cash balance recorded a deficit of 1.703 billion euros in the January-May 2015 , compared to a deficit of 1.875 billion in the same period in 2014, the Bank of Greece said on Monday.
The central bank, in a report, said that during this period, ordinary budget revenue amounted to 16.286 billion euros, compared to 18.129 billion in the corresponding period of last year.
Revenue of 55 million euros regarding Securities Markets Programme (SMP) income transfers from the Bank of Greece is excluded. Ordinary budget expenditure amounted to 18.451 billion euros, from 20.210 billion in January-May 2014.
The Greek budget paid 3.0 billion euros on interest to service the public debt in the five-month period, up from 2.7 billion euros in the same period last year.
