State clears 440 mln in arrears to private sector in July

EconomyMacroeconomy Tags: Arrears, MoF

In its first bulletin on the transfers and payments of general government arrears since the government came to power in January, the Finance Ministry (MoF) has set out how these debts are being paid following the conclusion of the first programmer review.

According to ministry figures for July, 1.67 billion euros was transferred for arrears clearance but only a quarter (440 million) was actually paid to the private sector by the end of the same month.

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