The International Monetary Fund (IMF) forecasts that Greece’s public debt, which includes deferred interest from institutional bailout loans, will decrease from 168.9% of GDP in 2023 to 159% this year, while easing to 139.4% by 2029 – a decrease of nearly 30 percentage points.
The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments, which was released on Wednesday.
The IMF also forecasts that the country’s primary surplus will increase to 2.1% of GDP this year, up from 1.9% in 2023. However, it is expected to remain at this level until 2029.
General government revenues are forecast to reach 47.6% of GDP in 2024, rising only marginally in 2025 to 47.7%, while falling to 44.2% until 2029.
Conversely, general government expenditure is forecast at 48.6% of GDP in 2024 and 2025, easing to 45.7% until 2029.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
ECOFIN Approves Revisions to Greece’s Recovery Plan
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Trends Shifting Among Foreigners Buying Holiday Houses in Greece
The primary reason for the shift in the trend is the saturation of popular destinations and the potential buyers’ desire for more privacy
Greek Public Debt at €370.865bln at End of Q3 2024: ELSTAT
It was slightly down from €371.483bln in Q3 2023, according to the quarterly non-financial accounts of the General Government
WEF Report Says 70% Greek Workers Need Retraining by 2030
The report, entitled “The Future of Jobs 2025”, says that a global shift in the workplace will result in the loss of 92 million jobs
National Bank of Greece Finances First Energy Storage Project in Country
The total financing for the project amounts to €41.9 million
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Cost of Banking in Greece Drops from Monday
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
Greek Tax Bureau Chief Details Efforts to Curb Evasion; Digitalize Administration
Independent revenue authority (AADE) Gov. George Pitsilis addresses OECD summit, cites reduction in lost VAT remittances from almost 30% in 2017 to 13.7% by 2022
Inflation in Greece at 3.7% in December 2023: Eurostat
According to recent data from ELSTAT (Hellenic Statistical Authority), inflation in Greece rate reached 3.5% in December 2023, up from 3% in November.
![Υδρογονάνθρακες: Ο διαγωνισμός για τη Chevron και το ενδιαφέρον στα νότια της Κρήτης [χάρτης]](https://www.ot.gr/wp-content/uploads/2025/01/20_01_ot_chevron22_map-90x90.png){kind=icon}
![Φυσικό αέριο: Η ΕΕ θέλει να αγοράσει περισσότερο LNG από τις ΗΠΑ – Το ερώτημα είναι εάν μπορεί [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/11/ot_LNG22-90x90.png)
