public debt

The forecast was included in the D.C.-based Fund’s Fiscal Monitor report on global fiscal developments

According to Eurostat, Greece recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp

This subsequent debt repayment is expected to be completed by Sept. 2025, with an amount of at least 5 billion euros.

Public sector debts to private entities have once again increased in Greece, reaching 3.2 billion euros in July 2024

An IMF report cites a 30-percentage-point decrease in the GDP-to-debt ratio due to continued economic growth, inflation and a 2018 debt relief agreement

At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis

Greek Prime Minister cited an early repayment of eight billion euros in bailout loans, which Bloomberg said corresponds to three years of installments

Meanwhile, the primary surplus at the end of the third quarter amounted to €3.31 billion, based on ELSTAT data, according to ESA (European System of National and Regional Accounts).