IMF: Greece’s Public Debt to Drop Nearly 30% Points by 2029

The International Monetary Fund (IMF) forecasts that Greece’s public debt, which includes deferred interest from institutional bailout loans, will decrease from 168.9% of GDP in 2023 to 159% this year, while easing to 139.4% by 2029 – a decrease of nearly 30 percentage points.

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

The IMF also forecasts that the country’s primary surplus will increase to 2.1% of GDP this year, up from 1.9% in 2023. However, it is expected to remain at this level until 2029.

General government revenues are forecast to reach 47.6% of GDP in 2024, rising only marginally in 2025 to 47.7%, while falling to 44.2% until 2029.

Conversely, general government expenditure is forecast at 48.6% of GDP in 2024 and 2025, easing to 45.7% until 2029.

Source: tovima.com