The government’s overdue debts to private individuals increased by nearly €400 million in March, reaching €2.925 billion, up from €2.53 billion in February, according to data from the General Accounting Office.
This situation creates significant liquidity issues for professionals and businesses, negatively impacting economic activity. Despite ongoing interventions and recommendations from the European Commission to resolve the issue, it remains unresolved.
The largest debtor is the public hospitals, which owe €1.489 billion to suppliers, an increase of €212 million compared to February and €325 million compared to December. Following them are the Social Security Organizations with €582 million and the Local Government with €373 million.
There are also pending tax refunds (€723 million), partly due to beneficiaries lacking the required documentation.
Other public entities owe €227 million, up from €195 million the previous month, while the Ministries have total liabilities of €242 million, with the Ministry of Shipping and Island Policy responsible for €120 million.
Meanwhile, €316 million of the tax refunds are delayed by more than 90 days, with the remaining refunds within the prescribed timeframe. When all amounts are combined, the total state debt to the private sector stands at €3.648 billion.
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