# Greek fiscal performance and state debt status

> Live situation record from CLSTR: https://clstr.news/situations/greek-fiscal-performance-and-state-debt-status
> Updated: 2026-08-11T18:31:03.000Z. Sources: 2. Developments: 2.

Greece is experiencing significant shifts in its fiscal landscape. In the first half of 2026, the government reported a primary fiscal surplus of €4.491 billion, which exceeded the €1.953 billion target. This performance was largely attributed to higher tax revenues and VAT collections. Consequently, the country's debt-to-GDP ratio fell to 143.5% in the first quarter of 2026, marking the steepest decline among EU members.

Despite these broader fiscal improvements and a declining debt-to-GDP ratio, the state faces challenges regarding overdue debts to private entities. By mid-2026, total state arrears, including pending tax refunds, reached €3.55 billion. This figure represents an increase of €251 million compared to December 2025. Major contributors to these outstanding debts include public hospitals, which owe €1.305 billion to suppliers, and Social Security Organizations, which owe €715 million.

## Timeline

### 2026-08-11: Greek State overdue debts reach 3.55 billion euros

Greek State overdue debts to private entities, including tax refunds, have reached 3.55 billion euros, with public hospitals and social security organizations among the primary debtors.

2 sources. https://clstr.news/cluster/greek-state-overdue-debts-reach-355-billion-euros

### 2026-07-31: Greece's primary surplus tops €10 billion, debt ratio declines

Greece expects a primary surplus over €10 billion in 2026, with H1 surplus at €4.5 billion and tax revenues above target; public debt ratio fell to 143.5 % of GDP, and bank deposit rates remain far below Euro‑z

12 sources. https://clstr.news/cluster/greeces-primary-budget-surplus-to-exceed-10-billion-in-2026

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Cite as: Greek fiscal performance and state debt status. CLSTR, https://clstr.news/situations/greek-fiscal-performance-and-state-debt-status