Greece submits 2027 draft budget targeting growth and debt reduction

Greece budget 2027 economic growth public debt reduction inflation forecasts fiscal surplus

The Greek government has submitted its 2027 draft budget to Parliament, outlining a strategy focused on sustained economic growth, debt reduction, and social support. Minister of National Economy and Finance Kyriakos Pierrakakis presented the plan, which projects a GDP growth rate of 2.3% for 2027 and 2% for 2026, significantly outpacing the Eurozone average.

Key fiscal targets include maintaining a primary surplus above 3% of GDP and reducing the public debt-to-GDP ratio to below 130% by 2027. The budget also anticipates a decrease in unemployment to 7.9% and a slowdown in inflation, projected at 2.4% for 2027.

To support households and businesses, the draft includes a 2.2 billion euro package of tax reliefs and income incentives. These measures aim to bolster consumption and provide stability amidst global uncertainties, such as energy market volatility and geopolitical tensions. The budget assumes a Brent oil price of 89 dollars per barrel. While macroeconomic indicators show improvement, officials noted that high energy costs and inflation remain significant risks to the projected economic stability.

Entities

European Commission · Greece · Greek Fiscal Council · Greek Parliament · IOVE · Kyriakos Pierrakakis · Ministry of National Economy and Finance · Recovery and Resilience Facility

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Public debt is expected to decrease to below 130% of GDP by 2027. www.ilialive.gr · www.neaptolemaidas.gr · www.in.gr
[● 3 SOURCES] 58% of Greek consumers report they are barely making ends meet. www.eea.gr · parallaximag.gr
[● 9 SOURCES] The draft budget targets a growth rate of 2% for 2026 and 2.3% for 2027. dete.gr · www.ilialive.gr · www.neaptolemaidas.gr · www.lykavitos.gr · www.iefimerida.gr · +4 more
[● 2 SOURCES] The Greek Fiscal Council approved the macroeconomic estimates for the 2027 budget draft. dete.gr · www.naftemporiki.gr
[● 3 SOURCES] 82% of Greek households do not see saving as a possibility in the next 12 months. www.eea.gr · www.epiruspost.gr
[● 6 SOURCES] A 2.2 billion euro package of tax reliefs and income incentives is included in the 2027 budget draft. www.sbctv.gr · www.insider.gr · www.capital.gr · epirusjournal.gr · patrapress.gr
[○ 1 SOURCE] The 2027 budget assumes a Brent oil price of 89 dollars per barrel. www.energymag.gr
[● 6 SOURCES] Inflation is expected to decrease from 3.6% in 2026 to 2.4% in 2027. dete.gr · www.energymag.gr · www.ilialive.gr · www.neaptolemaidas.gr · www.lykavitos.gr · +1 more
[● 3 SOURCES] The primary surplus is expected to remain above 3% of GDP. epirusjournal.gr · patrapress.gr · www.businessdaily.gr
[● 5 SOURCES] Public debt is expected to fall below 130% of GDP by 2027. epirusjournal.gr · www.ilialive.gr · patrapress.gr · www.neaptolemaidas.gr · www.in.gr
[● 4 SOURCES] Unemployment is projected to decrease to 7.9% in 2027. www.businessdaily.gr · www.lykavitos.gr · www.reader.gr · www.thenewspaper.gr
[● 4 SOURCES] The public debt is expected to fall below 130% of GDP by 2027. epirusjournal.gr · patrapress.gr · www.thenewspaper.gr · www.ilialive.gr