IMF forecasts Greece's public debt to drop by nearly 30 percentage points by 2029

Business 23 October 2024 22:30

Greece's primary surplus is projected to increase to 2.1% of GDP in 2024, up from 1.9% in 2023, and is expected to remain at this level through 2029, according to the International Monetary Fund's (IMF) Fiscal Monitor report on global fiscal developments, CE Report quotes Athens-Macedonian

Greece’s public debt, which includes deferred interest from loans taken during the memorandum period, is forecast to decrease from 168.9% of GDP in 2023 to 159% this year, and to gradually decline to 139.4% by 2029, marking a reduction of nearly 30 percentage points.

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IMF forecasts Greece's public debt to drop by nearly 30 percentage points by 2029

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