Greek Public Debt to GDP Ratio Highest in EU
According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp
According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp
At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis
High prices, debts and "deep" financial issues that need solutions
Greece reduced its debt to GDP ratio by 23.3 percent in 2022
The forecasts for income and expenses for the following years
The contribution of GDP and inflation
The international ratings agency predicts a slowdown in growth next year and estimates what the debt will look like in future
The cash reserve of Greece is estimated at 39 billion euros
This evidenced from the data on reinvestment
The report emphasized that interventions taken to date have transferred the cost exclusively to the state
Greek PM spoke to an audience at the annual general assembly of the Hellenic Federation of Business (SEV)
According to the updated estimates of the Bank of Greece, the medium-term sustainability of the public debt remains guaranteed
In Greece, the primary deficit, as a percentage of GDP, was positive, from 3.5% to 4.2%, for the years 2016 to 2019, but at a huge social cost
Increased uncertainty with Delta mutation as the main source, but also geopolitical developments
For the budget, revenues in the first quarter reached 16.2 billion euros while expenditures amounted to 23.3 billion euros
Overall debt reduction in GDP is expected to exceed 45% of GDP for the four years 2022 - 2025
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