Following Malta and Denmark in late September (see EUROPE B13489A22), Poland and Greece have presented their multiannual budget programmes, both of which will run for just four years, between 2025 and 2028.
The Greek multiannual programme forecasts controlled growth in net budget expenditure of between 3.7% in 2025 and 3.0% in 2028.
This trajectory should enable Greece’s public deficit to remain well below 3% of GDP over the period in question (0.6% in 2025 and 1.2% in 2028) and put public...