State went on cre­at­ing new debts to third par­ties in 2016

Kathimerini English - - Focus - PROKOPIS HATZINIKOLAOU

The state’s debts to its sup­pli­ers were augmented by 1.6 bil­lion eu­ros dur­ing 2016, ac­cord­ing to data is­sued by the Fi­nance Min­istry.

Even though 3.12 bil­lion eu­ros was paid back, min­istries and state en­ti­ties ac­crued new debts at a rate of 130 mil­lion eu­ros per month. So, from the 6.03 bil­lion eu­ros the state owed in to­tal to third par­ties at the end of 2015, the fig­ure dropped to 4.53 bil­lion a year later.

Out­stand­ing tax re­bates shrank by just 57 mil­lion eu­ros within the 12 months, drop­ping from 1.28 bil­lion eu­ros at the end of 2015 to 1.22 bil­lion at end-2016. One of the most strik­ing things about the un­paid re­bates recorded is that there are cases where the state has not re­turned money owed to tax­pay­ers and en­ter­prises (mostly val­ueadded tax re­bates) that should have been paid four-and-a-half years ago.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.