Greece Aims for Significant Debt Reduction by 2028

09:15 25/9/2024 - Πηγή: iEfimerida

The Greek government is targeting a substantial reduction in the country's debt-to-GDP ratio over the next four years. According to Finance Minister Kostis Hatzidakis, Greece aims to bring its debt level down to approximately 130% of GDP by the end

of 2028.

The ambitious goal represents a significant turnaround for Greece, which faced a debt crisis and near-exit from the Eurozone in recent years.

The government's optimistic outlook is underpinned by the strong performance of the Greek economy, which has outpaced most European countries.

Hatzidakis highlighted the government's commitment to fiscal prudence and its efforts to reduce the debt burden. He emphasized that the early repayment of loans and the ongoing privatization of state-owned assets are key components of the government's strategy.

The minister expressed confidence that Greece's progress in reducing its debt will be recognized by international investors and rating agencies. He also noted that the government's economic policies are aimed at ensuring long-term sustainability and prosperity for the country.

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