The Eurozone’s government deficit-to-GDP ratio fell to 2.9% in 2025, a slight improvement from the revised 3.0% in 2024. However, seven member states still exceeded the EU’s 3% deficit ceiling, with Belgium (-5.2%) and France (-5.1%) recording the highest shortfalls. Among other major economies, Italy’s deficit narrowed to 3.1%, down from 3.4% in 2024, but remained above the EU limit, dashing hopes of exiting the bloc’s disciplinary procedure before its 2027 election. Meanwhile, Germany (-2.7%), Spain (-2.4%), and the Netherlands (-1.6%) stayed below the threshold. For the EU as a whole, the deficit ratio remained unchanged at 3.1%, with Romania (-7.9%) and Poland (-7.3%) posting the largest deficits. Looking ahead, borrowing is expected to increase this year as European governments ramp up military spending to counter Russia’s threat and support households and businesses facing higher energy costs following US and Israeli attacks on Iran. source: EUROSTAT
Euro Area recorded a Government Budget deficit equal to 2.90 percent of the country's Gross Domestic Product in 2025. Government Budget in Euro Area averaged -3.07 percent of GDP from 1995 until 2025, reaching an all time high of -0.40 percent of GDP in 2018 and a record low of -7.30 percent of GDP in 1995. This page provides - Euro Area Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Euro Area Government Budget - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Euro Area recorded a Government Budget deficit equal to 2.90 percent of the country's Gross Domestic Product in 2025. Government Budget in Euro Area is expected to reach -3.30 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Euro Area Government Budget is projected to trend around -3.40 percent of GDP in 2027 and -3.20 percent of GDP in 2028, according to our econometric models.