The German newspaper Handelsblatt reports that Greece has made significant progress in reducing public debt, with the government planning an early €8 billion repayment to creditors this December. Economy and Finance Minister Kostis Hatzidakis announced that this payment aims to further decrease the debt ratio, which has fallen from 209% of GDP in 2020 to 163.9% in 2023. Forecasts from the IMF and credit rating agency Scope suggest that Greece’s public debt could drop to 139.4% and 132.8% of GDP, respectively, by 2029.
Tag: fiscal-monitor
The International Monetary Fund (IMF) forecasts a primary surplus of 2.1 percent of GDP for…