Unpaid contributions rise to 33.86 bln as more legacy debtors added

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

The stock of unpaid social security contributions (SSCs) increased to 33.86 billion euros in the second quarter (Q2) of 2018, increasing by nearly 2 billion compared to the figure of 31.87 billion euros registered in the first quarter (Q1) of the year, the Centre for the Collection of Social Security Arrears (KEAO) revealed.

Since the beginning of 2017, all past-due pension fund SSCs that are not actively settled have been transferred to KEAO, which was previously only fed by overdue contributions of more than 5,000 euros from the four main Greek pension funds.

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