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Economy

Greek Public Debt at €333.739B at the End of Q2

October 22, 2020

ATHENS — Greek public debt was 333.739 billion euros at the end of the second quarter of 2020, from 335.515 billion in the corresponding period last year, helped by a reduction in interest payments to 1.255 billion euros frm 1.421 billion, respectively, Hellenic Statistical Authority said on Thursday.

The statistics service, in a report on quarterly non-financial accounts of the general government, said that general government revenue was 18.269 billion euros in the April-June period from 22.466 billion in 2019, taxes on income and property reached 4.587 billion euros (25.1 pct of total revenue) from 5.039 billion (22.4 pct of total revenue) over the same periods, respectively, while social contributions fell to 5.903 billion euros (32.3 pct of total spending) from 6.697 billion (29.8 pct) in the second quarter of 2019.

General government spending was 23.049 billion euros in the second quarter of 2020, from 22.147 billion in 2019, with primary spending rising to 21.794 billion from 20.726 billion euros. Payroll spending was 5.564 billion euros in 2020 from 5.609 billion in 2019, social benefits totaled 9.337 billion euros from 10.302 billion and state subsidies jumped to 2.019 billion euros in 2020 from 433 million the same period last year.

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