×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Wednesday
08
Jul 2026
weather symbol
Athens 26°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Pensioners “left out in the cold” despite 1.8bln Euros release by ESM

State budget off target despite delays in debts to private sector

Newsroom October 26 08:09

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The Greek Finance Ministry has allocated a meagre 27 million Euros for struggling pensioners from the 1.8 billion Euros released by the European Stability Mechanism (ESM) to cover state arrears to the private sector in the Greek economy. According to a report by the ESM, even though the Greek government has shown some progress in paying out overdue debts, the structural deficiencies still present are causing the accumulation of new arrears. The report reveals that the Greek government did not pay out a single Euro in outstanding debts to pensioners from the 1,439 billion revenues in the two months leading up to August, releasing only 27 million in September. Despite the state delaying pending payments to private procurers, pensioners and other private sector entities, which led to a 2.738 billion Euros drop in budget expenditure until May (down to 20 billion from the 22 billion target for the 5-month term), the 6-month target between January-June 2016 was still off target, standing at 3.350 billion Euros, a 650 million Euro discrepancy compered to the budget target. The report also highlights delays in tax returns, as the state paid out only 108 million Euros to those eligible. Despite 77 million going to cleared -but unpaid- tax returns from the 1.8 billion Euros disbursed, state debts increased by 133 million Euros by the end of September from 1.306 in June to 1.439 billion in September.    

Ask me anything

Explore related questions

#budget#economy#greece#greek economy#pensioners
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

NATO Leaders’ Dinner in Ankara Concludes; Watch Erdogan Welcome Mitsotakis at the White Palace

July 7, 2026

Formula 1 in Greece? Kyriakos Mitsotakis sets the record straight in newsauto

July 7, 2026

Turkey and UK sign a defense agreement, modeled after the Greek-French one

July 7, 2026

Manhattan: Building evacuated due to fear of collapse

July 7, 2026

Death sentence for former Chinese official for accepting bribes totaling 284 million Euros

July 7, 2026

The Kremlin says that Moscow will closely monitor the NATO summit

July 7, 2026

18 Members of Congress speak out against Turkey’s reinstatement in the F-35 program

July 7, 2026

Greece: A founding member of the Defence, Security and Resilience Bank – Strategic upgrade & benefits

July 7, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα