IMF Fiscal Monitor predicts higher primary surpluses in Greece

The general government overall balance, which includes interest rates 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.

This is forecast to be the result of a greater reduction in public spending than the decline in public revenues.

Public spending is forecast to decline as a percentage of GDP, from 52.5% in 2022 to 48.9% in 2023 and then to 47.1% in 2024, while public revenues are seen declining to 50.2% of GDP to 47.3% of GDP and 46.4% of GDP in the same years, respectively.

The public debt is forecast to decline from 178.1% of GDP in 2022 to 168% of GDP in 2023 and 160.2% of GDP in 2024 and to continue to decline over the coming years to reach 145.3% of GDP in 2028.