Greece’s sovereign debt stood at €323.378 billion at the end of the second quarter of 2018, from €309.091 billion in the corresponding quarter last year., according to ELSTAT’s quarterly non-financial general government accounts.
The Hellenic Statistical Authority (ELSTAT) announced the quarterly non-financial accounts of General Government for the second quarter of 2018 as well as data of the General Government debt at the end of that period.
The quarterly non-financial accounts of General Government provide information on the aggregates constituting General Government revenue (taxes, social contributions, capital transfers, etc) and expenditure (compensation of employees, intermediate consumption, social benefits, interest payments, etc.”
Interest payment amounted to € 1.67 billion (8.2% of total government spending), compared to €1.424 billion in the second quarter of 2017 (7% of total spending).
The same survey shows that total government revenues amounted to € 20.188 billion from € 20,419 billion in the second quarter of 2017.
Taxes on income and wealth were €4.731 billion from €4.919 billion (23.4% of total revenues, while they were 24.1% last year).
Taxes on production and imports were € 6.869 billion from € 7.063 billion (34% of total revenue from 34.6% last year).
Social contributions amounted to €6.499 billion euros from €6.505 billion euros (32.2% of total revenues from 31.9% last year).
Total government spending amounted to €20.368 billion from €20.27 billion euros in the second quarter last year.
Primary expenditure amounted to € 18.698 billion from €18.846 billion (representing 91.8% of total spending from 93% last year).
Compensation for employees were € 5.402 billion from € 5.318 billion (26.5% of total spending from 26.2% last year).
Social benefits were €9.081 billion from €9.319 billion euros (44.6% of total spending from 46% last year).
PS No matter how much we pay in taxes, debt remain above 300 billion euros. Therefore, no need to pay taxes….