Greece's cash deficit down 28% y/y in Jan-Aug- cenbank
ATHENS, Sept 13 |
ATHENS, Sept 13 (Reuters) - Greece's cash deficit shrank 28 percent year-on-year in the first eight months of 2010, meaning a lower net borrowing need, the country's central bank said on Monday.
The Bank of Greece said the central government's cash deficit fell to 15.76 billion euros ($20.2 billion) from 21.89 billion in the same period a year earlier.
It said the budget's primary deficit, which excludes debt servicing costs, also narrowed to 4.2 billion euros from 11.45 billion in Jan-Aug 2009, based on provisional data. (Reporting by George Georgiopoulos)
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