Public debt reached €355.947 billion in the first quarter of this year, up from €355.732 billion in the corresponding quarter of 2023, according to the quarterly Non-Financial Accounts of General Government by ELSTAT.

According to the same data:

General government revenues amounted to €22.681 billion, up from €20.652 billion in the first quarter of 2023. Taxes on income and property amounted to €3.825 billion, up from €3.323 billion. Social contributions amounted to €7.462 billion, up from €7.191 billion.

Total general government expenditure amounted to €25.317 billion, up from €25.610 billion in the first quarter of last year. Primary expenditure was €23.398 billion, up from €24.029 billion.

Wages and salaries for manual work amounted to €5.971 billion, up from €5.675 billion. Social benefits amounted to €11.390 billion, up from €11.421 billion. While subsidies amounted to €700 million from €1.464 billion,.

Greece remains the EU leader in debt as a percentage of GDP despite a decline, according to Eurostat. The highest ratios of public debt to GDP at the end of the first quarter of 2024 were recorded in Greece (159.8%), Italy (137.7%), France (110.8%), Spain (108.9%), Belgium (108.2%), and Portugal (100.4%), and the lowest were recorded in Bulgaria (22.6%), Estonia (23.6%), and Luxembourg (27.2%).

Compared to the first quarter of 2023, the ratio of government debt to GDP decreased both in the euro area (from 90.1% to 88.7%) and in the EU (from 83% to 82%).