ECONOMY

Greek taxpayer debts drop in May

Greek taxpayer debts drop in May

Taxpayers’ new arrears to the state exceeded 2.44 billion euros in May, the Independent Authority for Public Revenue (AADE) said in a report this week.

Although the total arrears fell to €104.8 billion in May from €107.7 billion in April, the number of taxpayers with debt rose to 4,471,762 in May from 3,687,278 a month earlier.

The authority said that of the total €104.8 billion in arrears, only €78.5 billion was considered collectable.

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