Τhe state budget cash primary surplus stands at 1.057 billion euros, according to figures for central government net borrowing requirements on a cash basis in January-May 2014, released by the Bank of Greece on Friday. This figure is higher than that announced by the General Accounting Office.

The cash primary balance remains a surplus if revenue regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks is included and revenue from repayment of preference shares, as well as expenditure for the repayment of arrears and for Greece’s contribution to the European Stability Mechanism are excluded, the central bank said.

The central government cash balance showed a deficit of 1,875 million euro in the same period, compared to a deficit of 7.316 billion euros in Jan-May 2013. During this period, ordinary budget revenue rose to 18.129 billion euros, compared to 17.017 billion euros in the corresponding period of last year. It included revenue of 1,310 billion euros from repayment of preference shares, while revenue of 62 million euro regarding Securities Market Programme (SMP) income transfers from Eurosystem central banks was excluded.