Greece Government Budget

The Greek central government posted a budget deficit of EUR 6.67 billion for 2022, translating to a deficit of 1.8% of GDP, narrowing sharply from the 7.4% deficit in the previous year and well below the targeted gap of EUR 8.5 billion, according to provisional data. Government revenues totaled EUR 65.75 billion for the year, outperforming the budget law’s target, while spending was EUR 2 billion below target at EUR 71.27 billion. Next year, the central government is expected to post its first budget surplus since 2019 in an effort to have its debt reach investment grade after more than a decade in the junk category.