Tax & Spend
Greece Aims to Slash Debt to Lowest Since 2009 Within Four Years
- Minister says 2024 budget surplus is higher than expected
- National Bank of Greece stake sale penciled in for October
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Greece aims to cut about 20 percentage points from its debt pile within just four years in another milestone in the escape from its decade-long crisis, the country’s finance minister said.
In an interview, Kostis Hatzidakis predicted that government borrowings will shrink to “close to 130%” of gross domestic product by the end of 2028, bolstered by an economy that has been outperforming its peers.