According to an announcement released by the Bank of Greece on Monday, the central government cash balance recorded a deficit of €2,842 million in January-November 2014, compared to a deficit of €9,964 million in the same period in 2013.

During this period, ordinary budget revenue amounted to €41,858 million, compared to €41,638 million in the corresponding period of last year. This figure includes revenue of €1,310 million from repayment of preference shares, while revenue of €62 million regarding Securities Markets Programme (SMP) income transfers from Eurosystem central banks is excluded.

Ordinary budget expenditure, including expenditure of about €1,012 million for the repayment of arrears, as well as €451 million for Greece’s contribution to the European Stability Mechanism, amounted to €44,166 million, from €52,080 million in January-November 2013.

Τhe cash primary balance of the state budget (surplus €2,605 million) remains a surplus if revenue regarding Securities Markets 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.