Hatzidakis to Reuters: Reducing public debt requires 'a combination of fiscal prudence with a business-friendly approach'

Business 25 October 2024 22:25

Meeting the target of reducing public debt requires "a combination of fiscal prudence with a business-friendly approach," National Economy and Finance Minister Kostis Hatzidakis said in an interview with Reuters news agency in Washington on Friday, according to a ministry announcement. The interview was given on the sidelines of International Monetary Fund and World Bank annual meetings this week in the U.S. capital, CE Report quotes Athens-Macedonian
The news agency said the Greek finance ministry's goal was to push down the country's debt-to-GDP ratio from 162% this year to 149% in 2025 and 133.4% by 2028, at which point Greece's debt-to-GDP ratio "would be lower than Italy's, which Rome has forecast at 135.8% this year, rising to 137.5% in 2027." It also notes the plans for early repayment of bilateral debt in the next three years as a means of achieving this goal.

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Hatzidakis to Reuters: Reducing public debt requires 'a combination of fiscal prudence with a business-friendly approach'

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