The Best of GRReporter
flag_bg flag_gr flag_gb

Payments in the public sector have been “frozen”: Overdue debts exceed 6.5 billion euros

16 October 2011 / 14:10:36  GRReporter
3703 reads

Based on initial data, the primary deficit in 2011 from 358 million euros will eventually reach 2.39 billion euros.

It is clear that if such failures are reported also for the implementation of the budget for 2012, which is most likely to happen in times of a recession, the state will not be able to cover its obligations.

Therefore, the Ministry of Finance has laid emphasis on direct taxes in respect to both income and property, avoiding reliance on indirect taxes for the revenue in the budget, the collection of which is affected by the recession.

Tags: frozen payments overdue debts budget deficit primary surplus
SUPPORT US!
GRReporter’s content is brought to you for free 7 days a week by a team of highly professional journalists, translators, photographers, operators, software developers, designers. If you like and follow our work, consider whether you could support us financially with an amount at your choice.
Subscription
You can support us only once as well.
blog comments powered by Disqus