A special committee tasked with conducting an in-depth analysis of the problem and identifying the real causes of delays has been established by the Ministry of National Economy to address the issue of overdue payments from the public sector to private individuals and businesses. This chronic problem has been a key priority for the ministry’s political leadership since they took office last March, as it is an issue that affects market liquidity and state credibility. In fact, a new digital platform for electronic invoice submission from private parties to public sector entities has already been created, in collaboration with the General Secretariat of Information Systems.
Read: Alarm in public funds: Surge in overdue debts and 172,000 new debtors
Overdue payments: What the statistical analysis results will reveal
Statistical analysis of the data and data processing will lead to a clear assessment of the situation by early 2026. Then, for the first time, there will be a complete and documented picture regarding:
- which entities have overdue obligations, meaning debts for periods exceeding 90 days
- the amount of their debts, and
- the reasons why payments are delayed, despite the required funds being available and already recorded in public debt.
Entities proven to be non-compliant will be subject to increased oversight, while relevant data about them will be published on a regular basis. The goal is to ensure transparency, accountability, and, primarily, the state’s reliability toward citizens and businesses.
Pierrakakis: The public will know which government organization is delaying payments and why
Responding to a related question, Minister of National Economy and Finance Kyriakos Pierrakakis said earlier this morning on SKAI television to journalists Dimitris Oikonomou and Akis Pavlopoulos: “From day one, this has occupied me greatly, both myself and my team at the Ministry of Finance, so we have created a technical staff. We are collecting the data first. I had realized this even as Minister of Digital Governance: What you cannot measure, you cannot reform. And I will tell you, you cannot even manage it. So here we are measuring all invoices and conducting a registry organization by organization.” Mr. Pierrakakis concluded: “In the coming months, to put it ‘in code,’ all of this will be made public. The public will know which government organization is delaying payments and why.”
