In the second quarter of 2023, the seasonally adjusted ratio of the public deficit to GDP was 3.3% in the euro area, stable compared with the first quarter, and 3.2% in the European Union, compared with 3.1% in the first quarter, according to data published by the EU’s statistical office (Eurostat) on Monday 23 October.
According to Eurostat, measures to mitigate the impact of high energy prices continued to have a strong impact on public finance balances in the second half of 2022 and...