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Greece sees 2025 economic growth at 2.3%, says fiscal council



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Adds estimate for primary surplus, background

ATHENS, Nov 20 (Reuters) -Greece's economy is seen growing by 2.3% next year on robust tourist receipts, domestic demand and investment, according to the 2025 final budget cited by the Greek fiscal council on Wednesday.

Athens will target a primary budget surplus - which excludes debt-servicing costs - of 2.4% of gross domestic product next year, down from a surplus of 2.5% this year, it said.

The fiscal council, which assesses the macroeconomic forecasts upon which the annual state budget is drafted, cited finance ministry data.

"The Greek Fiscal Council approves the macroeconomic and fiscal forecasts of the Draft State Budget 2025 and ascertains compliance with fiscal rules," the council said in a statement.

Greece, the euro zone's most indebted nation, has recovered strongly since it exited international bailouts worth about 280 billion euros ($296 billion) in 2018, marking the end of a decade-long debt crisis.

The country, which regained its investment-grade status in 2023 after 13 years, needs to maintain primary budget surpluses to make sure its debt is sustainable.

The government is expected to submit the budget at the parliament later on Wednesday for a debate to start before a vote is scheduled for December.

($1 = 0.9456 euros)



Reporting by Lefteris Papadimas. Editing by Mark Potter

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