Salaries in the Greek Public Sector Reduced, Taxes Increased



Greek-moneyResearch by the Hellenic Statistical Authority (ELSTAT) into the Government’s general quarterly non-financial accounts, has again recorded the continuous reduction of salaries, and pensions of retired employees, and of the wider public sector, as well as a further reduction in the social expenses of the state.

In particular, according to specific data: benefits for dependent employment have been reduced to 22 percent of the total expenses (amounting 5.595 billion euros) in the fourth trimester of 2013, from 23.1 percent (6.439 bn euros) and 23.5 percent (6.96 bn euros) in the same period in 2012 and 2011 respectively.

Expenses on social benefits amounted to 39.6 percent of the total expenses (up to 10.087 billion euros) in the fourth trimester last year from 42.7 percent (11.901 bn euros) and 41.6 percent (12.318 bn euros) in the same period in 2012 and 2011 respectively.

On the other hand, a growth rate is recorded in primary expenditures, which amounted to 93.1 percent of total expenditure during the fourth trimester of 2013 from 92.8 percent and 87.6 percent in the same period in 2012 and 2011 respectively.

Taxes on income at the end of 2013 stood at 23.2 percent of the Government’s total revenues. Finally, the public debt at the end of 2013 amounted to 318.7 billion euros, with 99.1 percent of the loans being long-term.


1 COMMENT

  1. Have they??? Good cause they’ve been getting more then what they should get but also they don’t do anything in fact they are the ones who caused this bankruptcy and the economy to crumble by their actions and the brutal bureaucracy that sweep the country. They deserve more then reduced wages, they deserve jail.