Greece is expected to raise around 8 billion euros from the markets in 2026. The plan of Public Debt Management Agency head Dimitrios Tsakonas, according to reliable information, predicts that of the borrowing needs that Greece has in 2026, the amount of around €8 billion will be covered by bond issuances.
This year the Greek state raised about €7.5 billion from the market. In 2026, as shown by the state budget data, the state’s net borrowing will reach €13 billion, from approximately €8 billion this year. This development reflects, on the one hand, the higher cash financing needs of the state, which are estimated to reach €30.1 billion in 2026, from €14.08 billion this year.
At the same time, in 2026, the country, following the permission it received in the previous days from the European Stability Mechanism, will allocate about €5 billion for the early repayment of interstate loans (GLF), as the government’s goal is for these loans to be repaid by 2031.
However, this money will come from the so-called cushion of state reserves (cash buffer) and not from new borrowing. In 2025, the state allocated some €8 billion for the early repayment of loans under the First Memorandum, of which approximately €5 billion again came from the cash buffer.
Regarding the state’s borrowing program for the new year, the budget data show that long-term borrowing will reach €12.7 billion, from €11 billion in 2025.