Greece is among the top EU countries in terms of the absorption of Recovery Fund and NSRF resources in 2024, according to the yearly calculation presented today, at a press conference, by the Minister of National Economy and Finance Kostis Hatzidakis and Deputy Minister Nikos Papathanasis for the utilization of European funds and the management of all financial and investment instruments managed by the Ministry of Economy and Finance.

As they pointed out, the Public Investment Development Programme closed in 2024 with spending of €13.3 billion, the highest amount of public investment in the last 14 years, and in 2025 it will further increase to €14.1 billion, compared to €5.6 billion in 2019. That is, public investment in 2025 will be 150% higher than in 2019.

In 2024, an over-execution of the GAO budget of 101.25% was also achieved, while in 2025 spending is projected to increase further to EUR 14.1 billion (+16%) and in 2026 to EUR 16.4 billion (+17%).

In addition, the absorption rate of Community funds under the NSRF 2021-2027 in 2024 (as of 31.12.2024) was the fourth highest in the EU.

The absorption rate of the Recovery Fund was 51% in 2024, with full achievement of the targets set, a performance that ranks our country in eighth place in the EU. In particular, out of the €36 billion of the total program, Greece has so far received €18.2 billion, representing 51% of the total budget. (If we add the funds linked to the next payment request, the total inflows will reach €21.3 billion and the disbursement rate will exceed 59% of the budget.) To receive these funds, our country has met 107 milestones and targets.