The government aims to reduce public debt to below 120% of GDP by 2030, according to what he told Bloomberg TV today. SEC, Kyriakos Pierrakakis.
The Minister of Finance, Mr. Pierrakakis noted that the Greek economy will continue to grow in 2026, registering a growth rate of 2.4%. At the same time, he pointed out that the country remains committed to fiscal discipline, continuing to produce primary surpluses, with the estimate that in 2026 it will be 2.8% of GDP.
He gave considerable weight to the effort to continue the early repayment of loans, a development that will lead to a faster de-escalation of the public debt. In particular, he estimated that the debt will fall to 137.6% of GDP in 2026 to continue its downward course in the following years with the aim of being below 120% of GDP before 2030.
Regarding the borrowing program from the markets for next year, the Minister of National Economy and Finance noted that it will be “light”. It is noted that in the previous days Bloomberg, citing sources with knowledge of the matter, had published that in 2026 Greece plans to borrow from the markets up to 8 billion. euros against 7.5 billion euros this year.
Regarding the coverage of Euronext’s public offer for HEXA, he explained that this is another vote of confidence from the markets towards Greece, noting that the country supports the proposal for a single European capital market. He even reminded that Euronext’s move is not the only one that has been carried out by foreign investors in Greece, giving as an example the ever closer cooperation between Unicredit and Alpha Bank.
Regarding the war in Ukraine and the proposal that has fallen on the table to utilize the “frozen” Russian assets in Europe, Kyriakos Pierrakakis made it clear that Greece chose sides in this conflict from the first moment, reminding that the Ukrainian president, Volodymyr Zelensky, will be in Athens this Sunday.