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Image header Agence Europe
Europe Daily Bulletin No. 13625
Contents Publication in full By article 5 / 19
ECONOMY - FINANCE - BUSINESS / Economy

Euro area deficit at 3.2% and public debt at 87.4% of GDP by end-2024

In the fourth quarter of 2024, the seasonally-adjusted general government deficit to GDP ratio stood at 3.2% in the euro area and 3.4% in the European Union, according to data published by the Statistical Office of the European Union (Eurostat) on Tuesday 22 April.

Of the 26 Member States (all except Italy) for which data is available, six recorded a budget surplus, with the highest surpluses in Cyprus (3.4%), Denmark (2.9%) and Greece (2.2%). 

By contrast, the largest deficits relative...

Contents

BEACONS
BEACONS: The Capital of Europe is a headless chicken (1/2)
SECURITY - DEFENCE - SPACE
DEFENCE: European Commission proposes to modify funding programmes to increase investment in defence sector
SPACE: successful launch of ESA’s Atomic Clock Ensemble in Space
ECONOMY - FINANCE - BUSINESS
COMPANIES: omnibus – Polish Presidency of EU Council presents an initial compromise on CSRD and CSDDD
ECONOMY: euro area deficit at 3.2% and public debt at 87.4% of GDP by end-2024
TAXATION: United States withdraws from minimum corporate tax reform—Insurance Europe asks European Commission to take urgent action
INSTITUTIONAL
TRIBUTE: Roberta Metsola, Ursula von der Leyen and António Costa to attend funeral of Pope Francis
SECTORAL POLICIES
HEALTH: draft EU Council position on pharmaceutical package for examination on 14 May
FISHERIES: IOTC approves management framework for tropical tuna
ENVIRONMENT: Jessika Roswall organises round-table discussion on introduction of ‘nature credits’
ENERGY/CLIMATE: according to European Environment Agency, EU reduced its greenhouse gas emissions by 9% in 2023, thanks to decline in coal and gas production
CLIMATE: Bruegel analyses how green transition is now embedded in EU’s external action
FUNDAMENTAL RIGHTS - SOCIETAL ISSUES
DEMOCRACY: NGOs and researchers call on EU to have ambition and credible resources in fight against Russian hybrid threats
EXTERNAL ACTION
DEVELOPMENT: “EU cannot fill the gap left by others”, says European Commission in response to reduction in official development assistance
NEWS BRIEFS
DEFENCE: Spain to spend 2% of its GDP on defence this year, according to Pedro Sánchez
FUNDAMENTAL RIGHTS: a coalition of organisations is calling on European Commission to take urgent action to defend right to freedom of assembly in Hungary
ECONOMY: Bulgaria wants to include ‘REPowerEU’ chapter in its recovery plan
DIGITAL: giants Apple and Meta could be subject to European sanctions under ‘DMA’
TRANSPORT: European Commission launches selection procedure for three European TEN-T coordinators