BUSINESS

State collected less than half of revenues due last year

By Prokopis Hatzinikolaou

The state collected less than half of the revenues it was due to receive last year as it appeared unable to ensure that taxes and fines found their way to its coffers, according to a State Audit Council report submitted in Parliament on Tuesday by its president, Ioannis Karavokyris.

The report showed that revenues due last year amounted to 110.79 billion euros, but the state collected just 51.99 billion euros, or 46.93 percent.

This was due to direct and indirect taxes, whose collection rate came to 57.52 percent, and non-tax revenues, of which only 9.58 percent was paid.

The amount of 110.79 billion euros due for 2012 included the balance carried over from 2011.

Direct and indirect tax revenues overdue from 2011 amounted to 55.3 billion euros, or 28.56 percent of gross domestic product, up from 11.34 billion euros (or 25.79 percent) from the previous year.

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