It showed a slight decrease to 405.5 billion euros public debt of the country the first trimester of the year, from 406.5 billion euros that was at the end of the previous year.

At the same time, according to the data of the General Accounting Office of the State, the cash reserves of the Greek State decreased to 19.4 billion euros from 21.2 billion euros, respectively.

At general government level, public debt fell at the end of the first quarter this year to €356 billion, from €356.6 billion at the end of 2023.

It is noted that these funds include the so-called “hard cushion” (cash buffer) of 15.7 billion euros.

Of the total debt, only 26% is negotiable on the secondary market, while the remaining 74% concerns the interstate loans of the memoranda.

Specifically, the loans of the Support Mechanism amount to 227 billion euros, while another 7.2 billion euros concern special and transnational loans.

The amount of existing guarantees granted by the Greek State remained unchanged at the end of the first quarter, at 26.8 billion euros.

As can be seen from the profile of the public debt, 69.7 billion euros (17.2%) concern bonds and interest-bearing bills with a duration of up to 1 year. 48.8 billion euros (12%) concern bonds with a duration of up to 5 years and 70.8% of the bonds, i.e. 287 billion euros, concern long-term bonds.

With these data, the Greek State is going to “go to the markets” next Wednesday, May 22, as part of the planned auctions, reissuing a bond, which will probably be announced tomorrow.

Next week (29/05), the Public Debt Management Agency will proceed with the scheduled auction of 26-week (semi-annual) interest-bearing bills.

After this, the re-evaluation of the creditworthiness by the international rating house Fitch, at the end of the month (31/05), is awaited with interest.

It is recalled that the specific rating agency has classified the country’s creditworthiness in the BBB – category, estimating that the prospects of the Greek economy are “stable”.