Following the new upgrades from the rating agencies and the achievement of fiscal stability, Greece will tap the markets in 2025, seeking to raise 11 billion euros.
Greece’s presence in the bond markets next year is expected to be more intense compared to this year, due to the increased financing needs of the state budget.
According to the Budget Introductory Report submitted to Parliament by Minister of National Economy and Finance, Kostis Hatzidakis, the state’s net borrowing in 2025 will be almost double this year’s, and is expected to reach €8.5 billion from €4.07 billion in 2024.
To cover its financing needs, the state will raise €11 billion from the bond market, compared to about €9 billion it is expected to raise this year.
The increased borrowing needs in 2025 arise from the rise in the state budget deficit on a cash basis to some €4.4 billion, from €3 billion in 2024.
Another €3.7 billion should be added, which concerns the Recovery Fund loans and another €1.7 billion from the state’s participation in share capital increases of companies etc.
If the net borrowing of €8.5 billion is added to the amortization of €5.5 billion that the state must pay to service the public debt, the total financing needs amount to €14 billion.