Which debtors are directly affected by the upcoming regulation at the funds

By Dimitris Katsaganis

The planned arrangement of 24 installments in the funds will give a breather to hundreds of thousands of debtors who go in and out of arrangements as their financial strength constantly fluctuates, are in the fixed arrangement of 12 installments but cannot cope or cannot join the existing fixed arrangement as they cannot afford only 12 doses.

The Prime Minister himself, Mr. Kyriakos Mitsotakis, announced at the beginning of this month that “in the coming weeks, those who owe EFKA will join the more favorable regime of more installments of the Ministry of Finance”.

In other words, according to information from Capital.gr, the installments of the fixed settlement of the funds will increase from 12 to 24, as also applies to the tax office.

According to competent officials, those debtors who will directly benefit from the planned fixed arrangement of 24 installments (although this will be open to all debtors) are the following:

-Approximately 170,000 debtors who had joined the 120 installment arrangement and lost it.

The debtors in question joined this arrangement after 2019. However, in the last half of the year, under the weight of the fallout from the corona crisis and especially the dramatic consequences of the energy crisis after February 2022, they left this arrangement. The existing framework does not provide for a second chance.

-Nearly 10,000 debtors who belonged to sectors affected by the pandemic – due to the pandemic – were excluded from the regulation of 72 installments and will not be given, according to the latest information from Capital.gr, a second chance.

Respite for hundreds of thousands of debtors who go in and out of arrangements (due to the constant fluctuation of their financial capabilities) or do not enter because they do not meet the respective deadlines, but also because the number of installments of the fixed arrangement (12 installments) is relatively small is expected to give the planned new fixed arrangement of 24 doses.

-Nearly 100,000 debtors who have joined the fixed arrangement of 12 installments and would be interested in the possibility of switching to the fixed arrangement of 24 installments in order to reduce the monthly amount of their debts.

At the same time, there was a new increase in treasury debts. According to the KEAO report for the second quarter of 2022, they amounted to 43.4 billion euros compared to 42.8 billion euros in the first quarter of 2022.

As the said report typically states, the total debt to K.E.A.O. on 31/3/2022 it was 42,839,959,881 euros and within the next quarter the debt increased by 590,406,060 euros.

The change concerned an increase of 179,996,552 euros in the main debts and 410,409,508 euros in additional fees. The table below shows the current balance of debts per FKA, as it was formed at the end of June 2022.