Greek News Economy Greek Households Owe €70 Billion in Taxes

Greek Households Owe €70 Billion in Taxes

Tax debts owed to the Greek state reached a new high in September, amounting to 70.16 billion euros. Total tax debt in August was 69.24 billion.
Many Greek households are struggling to remain consistent with their payments. Statistics show that new debts are accumulated monthly. In September 2014 alone, 923 million euros were added to the debt total.
According to a Kathimerini report citing figures from the General Secretariat of Public Revenue, new debts in the period January-September 2014 amounted to 9.68 billion euros. By the end of 2013, Greeks owed 60.48 billion to the state.
Regarding tax collection, in the first nine months of 2014, the public revenues department received 2.69 billion euros in arrears. The target set by the troika was the collection of 2 billion euros from outstanding debts by the end of the year and 25 percent of all new debts. By those measures, the Greek government fell slightly short of projections.

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