Government scrambles to pay off debts to creditors

Posted by Christian J. Hadjipateras 06/02/2018 0 Comment(s) Economia Blog,

The SYRIZA-led government is under increasing pressure to pay off debts to creditors, which is one of many conditions agreed during recent negotiations.


If the condition is met, the Eurozone will approve the disbursement of a further €500m that is also connected to the repayment of state arrears. According to data from the State General Accounting Office, the overdue debts of social security funds, hospitals, local authorities and other state entities were reduced to €2.25bn at the end of last year from a previous figure of €3.14bn.


Other figures published by the Finance Ministry include debts owed by customs authorities, while some tax offices are delaying the return of income tax or value-added tax to taxpayers. 

Leave a Comment