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Mon, May

Greece’s Public Sector Owes More Than €3.8B in Overdue Payments

Greece’s Public Sector Owes More Than €3.8B in Overdue Payments

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Greece’s public sector overdue payments to private creditors surged in the first three months of 2026, rising by €526 million compared to December 2025 to reach €3.1 billion, despite Finance Ministry directives urging general government entities to accelerate settlement of outstanding obligations.

When pending tax refunds are factored in, the total liability owed by the state to suppliers, taxpayers, and pensioners reached €3.869 billion by March, up from €3.299 billion at the end of 2025, an increase of €570 million in three months.

Public hospitals remain the single largest debtor in the general government. Their overdue payments to suppliers climbed to €1.59 billion in March, up €193 million from €1.397 billion at the end of 2025.

Social security funds owed €668 million in March, up from €606 million in February, though broadly flat compared to the €666 million recorded at end-2025. Included in that figure is €199 million owed by EOPYY, the National Organization for Healthcare Services Provision, which remains unresolved.

Local government debts, covering municipalities and regional authorities, stood at €412

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