Greece is sending a double positive message to the markets with the early repayment of the triple installment of 7.93 billion euros of memorandum debt and the passing of the 2025 state budget that foresees strong growth, high primary surpluses and further debt reduction.

In a period of intense geopolitical turmoil, ailing growth in the Eurozone, where France and Germany are facing each other and serious economic and political problems, Greece is sending a strong message to the markets that it can rapidly repay its old debt and grow at a very fast rate. higher than the European average in conditions of political stability that ensure continued high performance in the years to come. The culmination of these conditions, as noted by economic factors, was the first investment-grade upgrade of the Greek economy by the SCOPE rating agency last week, which paved the way for new upgrades within 2025 by other rating agencies as well.

The early repayment of the triple installment amounting to 7.93 billion euros from the loan of 52.3 billion euros that Greece had received from the countries of the Eurozone as well as the next one amounting to 5.3 billion euros which is expected to take place within 2025, as has already been announced, they will result in the early repayment of 28.3 billion euros at the end of next year from the total of that loan which normally expires on 2041. The goal is for all of these loans to be repaid much earlier and for Greece to be relieved of the burden of servicing it, gaining a decade of annual obligations.

The state budget voted in Parliament on Sunday night foresees growth of 2.3% for 2025 which is more than twice the rate of growth estimated for the Eurozone, according to the latest forecasts of the European Commission.

The primary surplus is expected to widen to 2.4% next year, fueled by growth and increased revenue generated by the policy to curb tax evasion. General government debt is projected to decline by 6.5 percentage points of GDP to 147.5% of GDP from 154% of GDP in 2024.

It is indicative that in 2024, based on budget estimates, public revenues are expected to reach 66.7 billion euros, increased by 3.75 billion euros compared to the initial target. This is an excess that came from the reduction of tax evasion by 1.8 billion euros as well as from the additional income brought by the growth of the economy.

It is noted that for 2025 an increase in investments by 8.4% is predicted compared to this year against an annual increase of 6.7% that occurred in 2024 compared to last year.

According to the forecasts of the Ministry of National Economy and Finance, the revenue dynamic is expected to remain strong in 2025, contributing to the achievement of a high primary surplus, which allows on the one hand the continuation of the policy of early repayment of the public debt and on the other hand creates fiscal space for further interventions to support wider social groups but also for reductions in taxation with the aim of relieving the middle class.