Greece’s Public Debt Management Agency (PDMA) said in its funding strategy report released on 24 December that the country aimed to borrow between 4 and 8 billion euros in 2020.
The report said the agency had raised 9 billion euros in bonds and the country’s cash reserves were at about 32 billion euros at the end of September.
This was was the equivalent of four years of debt maturities.
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It said that it expected Greece’s debt burden to fall from 181 percent of GDP (335 billion euros) in 2018 to 173 percent (329 billion euros) in 2019.
The PDMA report stated that Greece had raised 9 billion euros in bonds over the past year.
Greece is bound by the terms of its final bailout to produce a primary budget surplus of 3.5 percent of GDP until 2022 and 2.2 percent of GDP up to 2060.
In its recent budget, the government project just over 3.5 percent of GDP for 2020.