The Greek state will need funding of nearly 15.3 billion euros for 2025, according to an announcement released by the Public Debt Management Agency (PDMA) on Monday.
In a breakdown of the figure, PDMA said nearly half the sum, eight billion euros, will be covered by mid- to long-term debt issuance, while three billion euros would be covered from borrowing from transnational lending organizations, such as the EIB, EBRD, the EU’s Recovery Resilience Fund, etc.).
Additionally, 3.7 billion euros would be covered by cash reserves retained by the Greek state. The latter reached some 33 billion euros by the end of 2024.
According to PDMA, the country’s total financing needs, year-on-year, are below the 10% of GDP threshold, a development that boosts public debt sustainability.
Source: tovima.com
