In the first quarter of 2025, the average general government deficit to GDP ratio, seasonally adjusted, stood at 2.9% in the euro area and the European Union, compared with 3.2% and 3.3% respectively in the fourth quarter of 2024, according to data published by the Statistical Office of the European Union (Eurostat) on Monday 21 July.
The following seven Member States had budget surpluses: Cyprus (5.6% of GDP), Greece (4.2%), Denmark (3.3%), Ireland (2.3%), Malta (2.1%), Portugal (1.3%)...