Of Chrysostom Chufi

Improved, but not so much that one can argue that it is better than in the heart of the Memorandums. The reason for the image of public debts to individuals, suppliers and taxpayers.

In the wake of the statements of the Minister of Finance Kyriakou Pierrakakis That the situation will be normalized at the end of the year with the contribution of the Special Committee set up in May, the “fees” amounted to € 3.72 billion versus € 3.91 billion in April, a decrease of about 5%. This is how the 3 -month growth series was interrupted, but we are still more than 3.32 billion euros in debt in December 2017 and only € 110 million over € 3.83 billion in 2014.

In fact, the year began with debt of 3,047 billion euros, which means that public debts have increased this year.

Since December 2019 when the insurance funds were overwhelmed, hospitals have been in the first place of the “badgers”. And since December, his debts have exceeded 1 billion euros. In May, they owed almost € 1.6 billion for more than 90 days of almost € 1.6 billion compared to April at € 1.65 billion. That is, 43% of public debts come from hospitals.

Following are the insurance funds with 604 million euros and a marginal reduction of € 9m compared to February. These include EOPYY debts, as well as amounts from overdue pensions that have not been reimbursed

The debts of local government agencies also have the largest improvement with a decline of EUR 42 million to EUR 363 million. This 363m euros does not, however, cease to be the third highest price since December 2017

Only the arrears of public law legal entities are moving up in 2025 with the debts reaching EUR 250 million, up almost 40% in just 5 months.

EUR 248 million, the second highest price since December 2017, the champions of the Ministries of Island Policy and Migration, who owes 66% of the total debt. The debts of this categories have to do with the overwhelming majority with the Public Investment Program.

Despite the efforts made by AADE, the pending tax refunds reached € 650m, with a significant declining € 110m compared to April.

Of these:

  • EUR 144 million relate to direct taxes
  • EUR 402 million relate to indirect taxes
  • 88m euros have to do with non -tax revenue

Of course, it is not just the independent authority. He is still looking for thousands of taxpayers for example to return 200 million euros !!! But they either refuse to respond or are indifferent/unable to provide the necessary supporting documents. In addition, € 380 million from € 650 million cannot be described as arrears because no more than 3 months are due.

Especially the pending tax refunds have many fluctuations as many depend on the times and the process of filing tax returns.

Clear reason why all this is happening and public debts are increasing or at least not decreasing, does not exist. It is not a matter of money anyway. There is money.

There is no convincing explanation because the debts of insurance funds are receding while there has been so much progress with the pending main (at least) pensions