ECONOMY

Tax owed by businesses and individuals edges towards €60 bln

Taxpayers’ and businesses’ outstanding debts to the state increased by 3.7 billion euros this year to reach a record 59.77 billion euros at the end of June.

There was an increase of 613 million euros between May and June alone, the general secretariat for public revenues said.

It attributed the rise to the reorganization of the tax administration, delays over offering new payment plans for those with expired debts and the continuing recession and rising unemployment.

Of the total taxes yet to be collected, 21.8 billion euros is owed by individuals and 38.2 billion by businesses.