ECONOMY

Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down

Tax revenues increased by nearly 1 billion euros in the second quarter of this year, according to data released on Friday by the Hellenic Statistical Authority (ELSTAT) on Friday while public sector workers’ salaries were cut again.

Specifically, revenues from income and property taxes rose to 4.79 billion euros in the 2nd quarter, up from 3.8 billion euros in the first three months of the year, according to ELSTAT.

Meanwhile public expenditure on civil servants’ wages were trimmed back to 5.15 billion euros in the second quarter, from to 5.2 billion euros in the first three months of the year.

ELSTAT data also showed that the nominal value of the country’s debt rose to 317.5 billion euros in the second quarter, compared to 315 billion euros in the first three months of 2014.