MacroPolis

The steady clip at which coronavirus cases are being recorded in Greece is posing not only a public health challenge for the government, but also a political one.

The month-on-month rise in Greece's new tax debt came to 222 million euros in April, data from the Independent Authority of Public Revenues (IAPR) has shown.

The month-on-month rise in Greece's new tax debt came to 545 million euros in March, data from the Independent Authority of Public Revenues (IAPR) has shown.

The Greek government is continuing to search for ways in which it can provide financial support to local businesses, mitigating the economic impact of the coronavirus pandemic.

The latest macroeconomic data has highlighted the fiscal pressure that is mounting on Greece’s centre-right government, especially as it hopes to return to its programme of tax cuts later this year.

A study by the Washington-based think tank, the Tax Foundation, has found that Greek families pay among the highest rates of tax out of OECD member states.

The month-on-month rise in Greece's new tax debt came to 1.04 billion euros in February, data from the Independent Authority of Public Revenues (IAPR) has shown.

The government has announced a fourth wave of measures aimed at supporting struggling businesses and workers amid the Covid-19 crisis as this year’s budget comes under further strain.

Only two days after announcing economic measures of up to 2 billion euros to support businesses and employees, while also making another 1.8 billion euros of European Union funds available, ministers unveiled further interventions on Friday.

Finance Minister Christos Staikouras announced on Wednesday a second round of coronavirus-related support measures for the Greek economy, which will total roughly 2 billion euros.