“We had a primary surplus of 0.7%, the commission says we will reach 1.9% and that means there is some room in the economy to cover social needs for 2023,” noted the former deputy finance minister
“We received the debt p180% of GDP rate, last year it reached 171% and this year it will go to 160%, these are huge reductions in the debt”, emphasized Theodoros Skylakakis to SKAI.
The former deputy finance minister noted on SKAI radio that the ability of the economy to repay the debt is much greater.
“We had primary surplus 0.7%, the commission reports that we will reach 1.9% and this means that there is some room in the economy to cover social needs for 2023″, he noted and predicted that for 2024 things will be tighter.
Mr. Skylakakis he explained that when we achieve investment grade in the rating agencies, there will be a better picture of interest rates as well.
However, he explained that “we will go to better interest rates gradually and not in one day. They will improve as the country’s credibility improves and we will approach the average interest rates in Europe, which are at least 1.5% below the Greek ones.”
Source: Skai
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