Published by Global Banking & Finance Review®
Posted on March 15, 2025
1 min readLast updated: January 24, 2026
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Greece's 2024 central government surplus reached 3.5% of GDP, surpassing the target of 2.5%, crucial for debt management, says the finance minister.
ATHENS (Reuters) - Greece's central government primary surplus reached 3.5% of its Gross Domestic Product (GDP) last year, well above the government's target, the outgoing finance minister said on Saturday.
The latest government estimate was for a primary surplus, which excludes debt-servicing costs, of 2.5% of GDP.
Greece, which almost went bankrupt in the last decade, needs to achieve primary surpluses in coming years to keep its huge debt viable.
"In a month from now, when the final figures come out, you will see a primary surplus of about 3.5% of GDP, but also a fiscal surplus of 0.2%," said Kostis Haztzidakis, welcoming the new finance minister, Kyriakos Pierrakakis.
On Friday, Prime Minister Kyriakos Mitsotakis named new finance and transport ministers in a reshuffle designed to shore up support for his government after mass protests over a 2023 train crash.
(Reporting by Lefteris Papadimas; Editing by Kevin Liffey)
The article discusses Greece's central government surplus for 2024, which exceeded the target, and its implications for the country's debt management.
The surplus figures were announced by the outgoing finance minister, Kostis Haztzidakis.
Achieving a surplus is crucial for Greece to maintain its debt viability and avoid financial instability.
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