According to ELSTAT fiscal data, confirmed by Eurostat, it ended 2022 with a primary surplus of 0.1% of GDP, or $273 million, confirming relevant statements by Finance Minister Chr. Stykur. It should be noted that in 2021, the primary balance sheet of the general government sector recorded a deficit of 8.45 billion euros.

Also in 2022, GDP at market prices jumped to 208.030 billion euros from 181.675 billion euros in 2021, and in 2021-2022 it turned into a surplus of 273 million euros and, accordingly, from -4.7% of GDP to 0.1%.

Total public debt fell by more than 23 percentage points, closing at 171.3% of GDP (€356.2bn) from 194.6% of GDP (€353.4bn). In absolute terms, the debt increased by about 3 billion euros.

The general government budget deficit narrowed last year to 4.7 billion euros (2.3% of GDP) from 13 billion euros (7.1% of GDP) in 2021. Revenues amounted to 104.1 billion euros (50.19% of GDP), and expenses – 109.1 billion euros. (52.46% of GDP).

Staikouras: “The Greek economy has turned the page”

“Today’s official statistics confirm that Greece managed to reduce its budget deficit to zero in 2022, even recording a small primary surplus,” Mr. Staikouras commented on the ELSTAT figures and added: “We succeeded in this, all together, households, businesses. , state and government, the largest – pan-European – fiscal improvement, despite the fact that social support measures were among the most generous in Europe. In the same year, the country’s GDP increased by 26 billion euros. And the public debt was reduced by 23% of GDP.”

“The Greek economy has turned the page. He made a powerful return to the European scene. It is currently growing at one of the fastest rates in Europe, from tail to performance over the previous four years. Public finances are stabilizing and improving. The production model of our country is changing with a significant increase in investment and exports. In short, Greece has charted a new course and is on a more hopeful path. Together we are working to promote a modern, productive, competitive, open and sustainable economy. An economy with households and stable public finances. Sustainable and strong economy. Strong and fair Greece. Greece, radiating self-confidence, reliability and trust,” the minister concluded.

Source: moneyreview.gr