State arrears to the private sector down significantly in December

State arrears to the private sector fell significantly by 573 million euros in December 2017 to 2.567 billion, from 3.140 billion in November, official figures showed on Monday.

Specifically, a report on general government data, showed that pending tax returns fell to 765 million euros in December from 776 million a month earlier. Arrears from social security organisations fell to 1.514 billion euros in December from 1.754 billion in November, while state hospitals’ arrears fell to 326 million euros from 486 million over the same periods, respectively.