Greek state budget records primary surplus of 273 mln€ in 2022

The Greek state budget recorded a primary surplus of 273 million euros last year, reversing a budget forecast for a deficit of 3.3 billion euros, or 1.6 percent of GDP, the Hellenic Statistical Authority (EL.STAT) announced on Friday.

In 2021, Greece recorded a primary deficit of 4.7 percent of GDP, or 8.45 billion euros.

The figures, approved by Eurostat, said the general government’s debt dropped by 23 percentage points to 171.3 percent of GDP in 2022, down from 194.6 percent of GDP in 2021.

In absolute terms, the general government’s debt totaled 356.256 billion euros in 2022, up from 353.489 billion euros in 2021.