ECONOMY

Tax debts growing, but so are tax revenues

While taxpayers keep struggling to meet their obligations, state budget revenues have been posting a significant increase this month.

General Secretariat of Public Revenues data showed that new expired debts created in May amounted to 873 million, reaching a total of 66.37 billion euros.

However, according to sources, total budget revenues have grown by 22 percent in the first 20 days of June from the same period last year, while tax revenues posted 14 percent growth.

The revenues target for the whole of June is for total budget revenues to reach 3.47 billion euros.

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