ECONOMY

Overdue debts climb to 2.63 bln euros in Q1

Overdue debts climb to 2.63 bln euros in Q1

New overdue debts to the taxman climbed to 2.63 billion euros in the first three months of the year, recording an increase of 389 million euros, according to data released by the  Independent Authority for Public Revenue on Friday.

In March alone, these debts stood at 2.50 billion euros, jumping by 468 million euros in 30 days.

It is estimated that a new scheme allowing the settlement of debts to the state, social security funds and local authorities in up to 120 installments played a part in the increase, as debtors hope arrears from 2019 will be included in the plan – which, according to the voted legislation, is not the case.

Economy Statistics Taxation

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Consumer price inflation picks up to 1.0 pct in March
ECONOMY

Consumer price inflation picks up to 1.0 pct in March

Greek economic expansion slows in fourth quarter
ECONOMY

Greek economic expansion slows in fourth quarter

Commission: Greek economic recovery remains ‘heavily contingent’ on continued reforms
ECONOMY

Commission: Greek economic recovery remains ‘heavily contingent’ on continued reforms

Think tank forecasts Greek 2019 economic growth of 2 percent
ECONOMY

Think tank forecasts Greek 2019 economic growth of 2 percent

Greek consumer price inflation slows to 0.6 pct in December
ECONOMY

Greek consumer price inflation slows to 0.6 pct in December

Greek Jan-November government primary budget surplus beats target
ECONOMY

Greek Jan-November government primary budget surplus beats target