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GreekReporter.comGreeceGovernment's Unpaid Bills Reach 5.3 Billion Euros

Government's Unpaid Bills Reach 5.3 Billion Euros

The Greek government owed 5.35 billion euros to private companies and residents at the end of last year, daily Kathimerini reports today, quoting Finance Ministry figures.
Money owed by the general government – the combination of local councils, hospitals, pension funds and other state bodies, such as universities – reached 4.52 billion euros, the data showed. Out of this amount, hospitals owe 2.22 billion euros, with another 1.58 billion euros owed by state social security funds. Finance Ministry sources point out that hospitals bills have been gathering up over the course of several years and not just in 2010. New bills accrued by hospitals last year were less than a billion euros, the sources added. Additionally, Ministries and regional authorities owed 832 million euros at the end of December, up from 718 million euros in November and 612 million in October. The amounts relate to debts more than 90 days old.

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