Greece’s 2026 Budget Draft Projects Strong Growth and Primary Surplus Amid Debt Reduction Goals

Greece’s draught fund for 2026, expected to beryllium submitted to parliament connected October 6, forecasts economical maturation supra 2% and a superior surplus of 2.4%.

Following announcements astatine the Thessaloniki International Fair by Prime Minister Mr. Kyriakos Mitsotakis, the caller taxation measure volition see each the announced reliefs and societal enactment measures targeting chiefly the mediate class.

The concern ministry aims to proceed securing superior surpluses successful coming years done precocious maturation rates and taxation evasion simplification efforts.

The authorities targets reducing nationalist indebtedness to beneath 120% of GDP by the aboriginal 2030s, up of schedule, paying disconnected Greece’s archetypal bailout aboriginal by 2031 alternatively of 2041.

For 2025, the superior surplus is expected to transcend some the archetypal 2.4% people and updated forecasts raising it to 3.2% of GDP.

Preliminary information amusement a superior surplus of €8.5 cardinal successful January-August, acold surpassing the budgeted €4.9 billion. Current estimates propulsion the 2025 surplus beyond 3.5%.

GDP maturation for 2025 is forecast astir 2.3%, precocious revised by the Bank of Greece to 2.2%.

Recovery funds stay a important component, with the seventh disbursement petition of €3.5 cardinal planned for November 2025; €1.7 cardinal successful grants and €1.8 cardinal successful loans. Further requests volition travel successful 2026.

The authorities besides plans different aboriginal indebtedness repayment of €5.29 cardinal successful December to trim indebtedness further from the expected 145% of GDP successful 2025 to beneath 140% successful 2026.