The budget recorded a primary cash deficit of 6.6 billion euros between January and December 2022.
According to data from the Bank of Greece (BoG), in this particular period, the cash result of the central administration presented a deficit of 12,664 million euros, compared to a deficit of 15,880 million euros in the corresponding period of 2021.
Regular budget revenue stood at 55,440 million euros, up from 47,614 million euros last year. As for regular budget expenditures, they amounted to 64,303 million euros, from 64,283 million euros in the January-December 2021 period.
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Both the islands of Mykonos and Santorini saw decreases in their accommodation and food service revenues.
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Specifically, from Jan. to Aug. 2024, the central government recorded a cash surplus of 1.368 billion euros, compared to a deficit of 964 million euros in the same period of 2023.
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Greece Tops EU in Non-Performing Loans (NPLs)
The country has 3.3% compared to the Union’s 1.9% average in the first quarter of 2024, according to a study by OCTANE Management Consultants, an Athens-based business consulting and services firm.
Eurostat: Greek Inflation at 3.2% in August, Eurozone at 2.2%
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Greece to Reissue 10-Year Bond on Wednesday
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