Of Chrysostom Chufi

Stagodos slowly …

The martyrdom of the drop continues for the market as the rate of reduction in public debt to private suppliers and taxpayers becomes like … the drops of the serum in the blood. Without convincing explanations, the Greek State continues to owe more than we were in the heart of the Memorandums.

The July image was marginally better than that of June as the fees were reduced by € 111m and amounted to € 3.53 billion. The Minister of Finance’s commitment is still fresh Kyriakou Pierrakakis, By order, a special committee has been set up to address the issue, that the situation is expected to be normalized by the end of the year.

But for the time being we are still well above € 3.32 billion in December 2017.

We are in a worse position even since the beginning of the year, which began with debt of € 3,047 billion, which means that in the year, government debts have increased nearly € 500 million (€ 483 million), depriving vital liquidity from the economy.

From December 2020 when the insurance fundsthe hospitals They are permanently in the first place of the “badgers” and permanently with debts of more than € 1 billion.

In July, they arrived to owe € 1.49 billion for more than 90 days, about 100 million euros less than the previous month. That is, 42% of public debts come from hospitals.

However, it should be noted that rebate and clawback have not yet been offset – ie the obligations of the suppliers to the state – which, when it is ended in the end of the year, will reduce the final debts.

Following are the insurance funds with 612m euros and a slight increase for a second consecutive month, € 11m this time compared to June. These include 271 million euros which is EOPYY debtsas well as amounts from overdue pensions not attributed.

The debts of local government agencies declined a slight reduction of € 17m to € 247m, which is the 2nd lowest price for this year.

‘Crusaders’ at 222m euros the arrears of Legal Entities of Public Law.

At € 218 million in the state budget feasts with almost a total of total (€ 192 million) concerning the Public Investment Program. Champions are the Ministries of Island Policy and Migration who owes 75.2% of the total debt together.

In spite of the efforts made by AADE, the pending tax refunds They reached 732 million euros, and are increased for a second consecutive month. Of these:

  • EUR 221 million relate to direct taxes
  • EUR 389 million relates to indirect taxes
  • 115m 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 218 million euros !!! But they either refuse to respond or are indifferent/unable to provide the necessary supporting documents. In addition, € 403 million from EUR 650 million cannot be described exactly overdue debts 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.