Following the new upgrades from the rating agencies and the achievement of fiscal stability, the Greek State will tap the markets in 2025, seeking to raise 11 billion euros.
The presence of the Greek State 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 the Minister of National Economy and Finance, Kostis Hatzidakis, the State's net borrowing in 2025 will be almost double compared to this year and is expected to reach 8.5 billion euros from 4.07 billion euros in 2024. To cover its financing needs, the State will raise 11 billion euros from the bond market from approximately 9 billion that it is expected to raise this year.
The increased borrowing needs in 2025 arise from the increase in the state budget deficit on a cash basis to approximately 4.4 billion euros from 3 billion in 2024. Another 3.7 billion euros should be added, which concern 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 euros is added to the amortization of 5.5 billion euros that the State must pay to service the Public Debt, the total financing needs amount to 14 billion euros.