The Finance ministry is considering increasing the installments of arrears to the state to at least 48 from currently 12 in order to facilitate taxpayers pay back their debts.

The current arrangement of 12 installments, according to Finance ministry officials, did not bring the expected results as debtors are often unable to cope with the amount due.

According to Finance ministry data, state arrears exceeded 4.3 billion euros at end-April from 3.5 billion euros at end-March.

The Finance ministry’s plan is expected to be discussed with the troika.

Also, today government spokesman Simos Kedikoglou, speaking to SKAI, announced tax cuts and measures to support vulnerable groups by the end of the year.