Greece on track for primary surpluses and lower debt, IMF says

Greece is expected to support superior fund surpluses and proceed reducing its nationalist indebtedness done the extremity of the decade, according to the International Monetary Fund’s Fiscal Monitor study released Wednesday.

The IMF forecasts Greece’s superior surplus, which excludes involvement payments connected debt, astatine 3.2% of gross home merchandise (GDP) successful 2025 and 2.3% successful 2026. When involvement payments are included, the wide fund equilibrium is projected to beryllium astir adjacent this year and amusement a shortage of 0.8% successful 2026.

Public indebtedness is expected to diminution steadily from 154.8% of GDP successful 2024 to 146.7% this year and 141.9% successful 2026, with a further driblet to 130.2% by 2030.

The IMF besides projects nationalist gross to emergence slightly to 50% of GDP successful 2026 earlier easing to 46.8% by 2030, while nationalist expenditure is expected to highest astatine 50.8% successful 2026 earlier declining to 48.2% by the extremity of the decade.

Globally, the Fiscal Monitor warns that nationalist indebtedness is acceptable to transcend 100% of planetary GDP by 2029, its highest level since 1948, reflecting post-pandemic spending pressures and widening fiscal risks. [ΑΜΝΑ]