Greece's cash deficit shrank 22 percent year-on-year in the first eleven months of 2010, meaning a lower net borrowing need, the country's central bank said on Friday.
The Bank of Greece said the central government's cash deficit fell to 21.37 billion euros ($28.21 billion) from 27.46 billion in the same period a year earlier.
The budget's primary deficit, which excludes debt servicing costs, also narrowed to 7.39 billion euros from 14.65 billion in Jan-Nov 2009, the bank said, based on provisional data.
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