State fi­nances de­te­ri­o­rat­ing

Kathimerini English - - Front Page -

A dra­matic de­cline was recorded in the pri­mary bud­get sur­plus in the first half of the year although this was ac­com­pa­nied by growth in the debts of the state to its sup­pli­ers, Fi­nance Min­istry data showed yesterday.

The gen­eral gov­ern­ment pri­mary sur­plus came to 238 mil­lion eu­ros, against 1.8 bil­lion eu­ros in the same pe­riod last year, with the de­te­ri­o­ra­tion at­trib­uted mainly to the fi­nan­cial state of the so­cial se­cu­rity funds. The lat­ter posted a deficit of 1 bil­lion eu­ros this year against a sur­plus of 416 mil­lion eu­ros in the Jan­uary-June 2014 pe­riod.

Cen­tral gov­ern­ment en­ti­ties reg­is­tered a pri­mary deficit of 442 mil­lion eu­ros, against a pri­mary sur­plus of 740 mil­lion eu­ros last year, while the pri­mary sur­plus of lo­cal author­i­ties fell to 145 mil­lion eu­ros from 287 mil­lion in 2014.

The state’s ex­pired debts rose at end-June to 5.3 bil­lion eu­ros, from about 5 bil­lion at end-May and just 1.6 bil­lion eu­ros at the start of the year. Most of the debts be­long to the so­cial se­cu­rity funds, amount­ing to 2.3 bil­lion eu­ros which they owe to their sup­pli­ers.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.