In the first quarter of twenty twenty-five, the Eurozone and European Union reported a public deficit of two point nine percent and a debt increase as revealed by Eurostat’s latest data. The deficit decreased by three tenths of a percent in the Eurozone compared to the previous quarter, where it stood at three point two percent. In the wider EU, the deficit went from three point three percent to two point nine percent.

Public sector income in the Eurozone was reported at forty six point six percent of GDP, showing a slight decrease from forty six point seven percent in the last quarter of twenty twenty-four. Conversely, public spending reduced to forty nine point five percent of GDP in the Eurozone driven by a nominal GDP increase. Total public spending in the EU stood at forty nine point one percent, also witnessing a decrease.

Spain’s deficit remains notably lower than the average, sitting at two point seven percent, while several EU countries such as Romania, France, and Belgium indicated higher deficits of five point six percent or more. Eurostat noted that overall public debt increased to eighty eight percent of GDP for the Eurozone, up from eighty seven point four percent in the previous quarter.

In absolute terms, the Eurozone debt rose to thirteen point forty-seven trillion euros, an increase from thirteen point twenty-five trillion. The EU’s total public debt reached fourteen point eighty-two trillion euros, marking an upward trend from fourteen point fifty-three trillion euros. Greece, Italy, and France lead in debt-to-GDP ratios, far exceeding the EU average.