Overdue social security contributions climb to 22.5 bln at end of Q1

EconomyMacroeconomy Tags: Revenues
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The stock of unpaid social security contributions (SSCs) jumped to 22.49 billion euros at the end of the first quarter (Q1) of 2017 from 17.54 billion at the end of the previous quarter, a bulletin from the Centre for the Collection of Social Security Arrears (KEAO) revealed on Thursday.

Until the end of 2016, KEAO was fed by overdue contributions over 5,000 euros from the four main Greek pension funds based on several theoretical collectability criteria.

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