“The debt of the General Government, from 183% of GDP in 2019, is reduced to 154% of GDP in 2024. It is the largest reduction of debt in all of Europe. The debt of the central administration, which also includes the intra-governmental debt, decreases from 196.6 in 2019 to 169.4 in 2024″, said the Deputy Minister of National Economy and Finance, Thanos Petraliasanswering Mr. Salma in the plenary session of the Parliament on the state budget of 2025.
Following the comment on the Greek debt, Mr. Petralias stated that the NSRF is first paid by the state and then collected, while regarding the available resources of the General Government bodies which are approximately 36 billion, the Deputy Minister said that in 2019 the General Government bodies had approximately 29 billion. repos, 8 billion Greek government bonds and 6 billion euros in cash/cash.
Today, there are 15 billion in the fund. euro/liquid, 48 billion repos and 8 billion bonds available from the Greek State. “Because unemployment has decreased and it has more income – EFKA and EOPYY which collects from insurance contributions, AKAGE – the available funds are doing well. From 5.9 billion their cash has become 15.4 billion. in November. And we have their repos at 48 billion, and Greek government bonds have remained stable. So the cash reserves are increasing and the repos are increasing,” said Mr. Petralias.
The Deputy Minister of Finance referred to tax cuts and wage increases. “All this does not happen automatically. They are done with hard work which no government had done until now”, said Mr. Petralias.
Source: APE – MEB