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Greek Budget Cash Deficit Up; January – September 2015 Compared to Same Period in 2014

Greece’s central government cash balance recorded a deficit of 2.499 billion euros in the January – September period this year, compared to a deficit of 2.213 billion in the same period in 2014, the Bank of Greece said on Monday.
In a monthly report, the central bank said that during this period, ordinary budget revenue amounted to 31.463 billion euros, compared to 34.459 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 33.832 billion euros, from 36.447 billion in the January – September 2014. Spending on interest grew to 5.177 billion euros, from 4.89 billion last year.
The state budget recorded a primary deficit of 390 million euros in September, from a primary surplus of 440 million euros last year. In the nine-month period, the primary surplus was 2.67 billion euros, from 2.75 billion euros in the corresponding period last year.

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