Greece is forecast to maintain and increase a general government primary surplus in the coming years, according to the International Monetary Fund’s (IMF) Fiscal Monitor report on global fiscal developments released on Wednesday, ANA reports.
The Greek general government primary balance is forecast to increase a surplus of 0.1% of GDP in 2022 to 1.0 pct of GDP in 2023 and 2% of GDP in 2024-2025, and then to 2.2% of GDP in subsequent years up until 2028, with a further drop in Greece’s public debt.
The general government’s overall balance, which includes interest rate payments for public debt, is expected to show a declining deficit, which is seen dropping from 2.3% of GDP in 2022 to 1.6% of GDP in 2023 before dropping to 0.8% of GDP in 2024.
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Source: tornosnews.gr/en/