Greece's private debt soars to 257 bln USD in 2018, exceeds Greek GDP

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ATHENS, Nov. 30 (Xinhua) -- Greece's private debt sum has soared to 226 billion euros (257 billion U.S. dollars) so far this year, exceeding the country's GDP forecast for the next year, Greek newspaper "TA NEA" (The News) reported on Friday.

The local daily cited the latest official data to make the estimate about the burden of private debt.

Greek taxpayers are facing a new deadline for paying various tranches of taxes amounting to over 1.5 billion euros.

According to the 2019 state draft budget which will be voted in the Greek government in coming weeks, the Greek Gross Domestic Product (GDP) is estimated to reach 192.7 billion euros in 2019, an increase of 2.5 percent from 2018.

Greek taxpayers' arrears to state also rose to 103 billion euros in September, from 102.64 billion in August, the Independent Authority for Public Revenues said in a report released on Thursday.

The arrears to social security funds increased to 34.3 billion euros in the third quarter of the year, according to the latest report of the Center for the Collection of Social Insurance Payments (KEAO). In December 2014 this sum was about 12.7 billion euros.

Moreover, according to central Bank of Greece figures, overdue debts to banks reached about 89 billion euros in July. In December 2009, nonperforming loans stood at some 20 billion euros. (1 euro=1.14 U.S. dollars) Enditem

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