The International Monetary Fund forecasts a 30-point reduction in Greek public debt to 138.8% of GDP in 2029 from 168.8% at the end of 2023, due to the high primary surpluses (2.1% of GDP) estimated to be achieved in the coming years, according to its latest report on debt developments in Europe. 

In the report entitled "Taming Public Debt in Europe: Outlook, Challenges, and Policy Implications,"  the Fund estimates that Italy's public debt will continue to move upward, reaching 144.9% of GDP in 2029 from 137.3% in 2023. France will reach 115.2% of GDP from 110.6%, Belgium 115.6% versus 104.5%, and Spain will show a decline to 104.2% from 107.5%. The projections also include the UK, for which debt is estimated to reach 110.1% of GDP from 101.1% in 2023.

The report notes that Greece, based on the projections, will achieve the largest debt reduction among the 26 advanced economies monitored by the Fund.