State arrears towards private sector lowered to 5.6 bln euros in November

Greek state’s arrears towards the private sector fell by 11.5 percent at the end of November to 5.603 billion, from 6.33 billion in October, the finance ministry said on Tuesday.

From the total sum of arrears towards the private sector in November, 4.163 billion euros were overdue debts (versus 4.718 billion in October), while outstanding tax returns were 1.440 billion euros (versus 1.612 billion a month ago).

The biggest arrears are owed by social security funds, which in November totaled 2.37 billion euros. Of these arrears, the state-run health insurer EOPYY owed 1.339 billion euros and the civil servants’ fund owed 482 million euros.