State arrears to private sector up in July

State arrears to the private sector rose to 3.914 billion euros in July from 3.840 billion in June, the Treasury of the State said in a report released on Monday.

The report said that pending tax returns totaled 1.521 billion euros in July, up from 1.252 billion a month earlier. Pending return of direct taxes was 963 million euros, from 936 million in June, while pending return of indirect taxes grew to 394 million euros in July from 156 million the previous month.