In the first quarter of 2023, the seasonally adjusted ratio of general government deficit to GDP stood at -3.2% in the euro area, compared with -4.7% at the end of 2022, according to data published by the Statistical Office of the European Union (Eurostat) on Friday 21 July.
In the EU, the general government deficit stood at -3.0% in the first quarter of 2023, compared with -4.7% in the previous quarter.
Of the 23 Member States for which data is available, the highest deficits were...