ECONOMY

Taxes kept growing in second quarter

Taxes have grown and incomes have declined in Greece during the second quarter of the year according to data released on Friday by the Hellenic Statistical Authority.

The amount of taxes on incomes and properties in Q2 came to 4.79 billion euros, up 984 million euros from the first quarter of the year and 460 million euros from the second quarter of 2013.

Social security contributions dropped to 5.9 billion euros in Q3 – from 6.1 billion in Q1 and from 6 billion in the April-June period last year – at a time when the social security funds are finding it hard to keep their heads above water.

Civil servants also saw their incomes slashed, as according to the quarterly government accounts, employee payments came to 5.1 billion euros in the second quarter from 5.6 billion a year earlier and 5.2 billion in the first quarter of 2014.

Social benefits shrank to 9.4 billion euros in Q2 from 9.6 percent the year before, but posted an increase of 268 million euros from the first quarter of the year thanks to the distribution of the so-called social dividend.