Public debt as a proportion of GDP has decreased from 77.6% in 2023 to 72.3% and the purpose is to strategy 60% and even under 60% by the top of 2026
The economic system is progressing upwards and exhibiting resilience, mentioned the Minister of Finance, Makis Keravnos, on Friday, who knowledgeable the Council of Ministers concerning the six-monthly fiscal coverage report.
In statements after the assembly of the Cupboard, Mr. Keravnos acknowledged that the aim of this data and report is to see if the monetary figures stay inside the forecasts, noting that in case of detrimental forecasts and deviations corrective measures are taken.
“In our case, the six-monthly report exhibits that there are optimistic deviations. It (the report) is in keeping with our forecasts and outperforms our forecasts and meaning our economic system is shifting upwards, exhibiting a resilience,” he mentioned.
The Minister mentioned indicatively that the fiscal stability as a proportion of GDP is, till the top of June, at 1.3% and the first stability as a proportion of GDP, which is an important indicator, is at 2%.
As well as, he mentioned, public debt as a proportion of gross home product has decreased from 77.6% in 2023 to 72.3% and the purpose is to strategy 60% and even under 60% by the top of 2026.
Relating to the gross home product within the earlier corresponding interval of 2023 it was at 29.8 billion, whereas till June '24 it’s at 31.5 billion.
