The IMF foresees the Greek state posting a 3.3-percent primary budget surplus this year, dropping to 2.6 percent in 2020, in revising its previous estimates downward.
A previous IMF report last April cited a 3.5-percent performance, as a percentage of GDP, until 2022.
Specifically, the Fund announced its new forecasts for the Greek state’s mandatory primary budget surpluses as such:
- 3,3% of GDP for 2019
- 2,6% of GDP for 2020
- 2,5% of GDP for 2021
- 2,5% of GDP for 2022
- 2,3% of GDP for 2023
- 2% of GDP for 2024
In terms of the Greek government’s external debt, the IMF foresees that in 2020 it will fall to 171.4% percent of GDP, further dropping by 22.5 percent of GDP within five years.
Specifically, the IMF predictions for Greece’s debt-to-GDP ratio are:
- 176,6% of GDP for 2019
- 171,4% of GDP for 2020
- 167,1% of GDP for 2021
- 161,7% of GDP for 2022
- 157,2% of GDP for 2023
- 154,1% of GDP for 2024
