Greece’s public debt stood at €366.33 billion in the first quarter of 2025, down from €368.37 billion in the same period last year, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
General government revenue rose to €24.87 billion in Q1 2025 from €21.86 billion a year earlier, driven by higher tax collection. Taxes on production and imports reached €9.37 billion (up from €7.74 billion), while income and property taxes climbed to €4.54 billion (from €3.86 billion). Social contributions increased to €7.67 billion from €7.45 billion.
Government spending was broadly stable at €25.39 billion, compared with €25.37 billion in Q1 2024. Primary spending rose slightly to €23.5 billion, with wages totaling €6.01 billion (from €5.97 billion) and social benefits increasing to €11.62 billion (from €11.39 billion). Subsidies dropped to €578 million from €777 million.
Greece maintained the highest debt-to-GDP ratio in the European Union at the end of Q1 2025, at 152.5%, followed by Italy (137.9%), France (114.1%), Belgium (106.8%), and Spain (103.5%). The lowest ratios were recorded in Bulgaria (23.9%), Estonia (24.1%), Luxembourg (26.1%), and Denmark (29.9%).
Compared with Q4 2024, debt-to-GDP ratios rose in 16 EU member states, declined in 10, and remained unchanged in the Czech Republic, ELSTAT said.
