Finance Ministry preparing ‘black list’ of debtors towards the State

The Ministry of Finance is preparing to publicize a list of major debtors towards the State, so that government services (such as…

The Ministry of Finance is preparing to publicize a list of major debtors towards the State, so that government services (such as tax offices, insurance funds and customs offices) and the private sector are aware of them.

This list, which was composed by the General Secretariat of Public Revenue at the insistence of the troika, includes everyone who owes more than 100,000 to the State. The list of debtors has not been updated since first being published in 2011.

Furthermore, after updating the list, the troika has asked for the Greek government to implement a strategy to improve the collection of debts. Among these is providing tax authorities with software to facilitate the automatic payment of outstanding debts and foreclosures against defaulting debtors, as well as taking necessary measures in November 2016 to collect fines for uninsured vehicles.

In June the government will being analyzing the financial data of major debtors towards the state in order to determine their sustainability and ability to make payments. The list of debtors based on financial status and sustainability will be composed in September, along with a set of proposals to achieve gals, such as liquidation or even debt restructuring.

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