Significant deficits were also recorded by France, 5.6%, Belgium, 5.5%, Austria and Poland, 5.1%.
Except, Belgium, all the four countries with the highest deficit managed to curb it in the first quarter of 2025 compared with the fourth quarter of 2024. Romania’s deficit stood at 9.6% of GDP in the fourth quarter of 2024.
Cyprus, on the other hand, had a general government surplus of 5.6% of GDP, followed by Greece, 4.2% and Denmark, 3.3%.
In the EU, the government total revenue was 46.2% of GDP in the first quarter of 2025, unchanged compared with the previous quarter. Seasonally adjusted total revenue in the EU increased by around EUR21 billion compared with the fourth quarter of 2024.
Government total expenditure in the EU was 49.1% of GDP, a decrease compared with 49.5% of GDP in the previous quarter. Seasonally adjusted total expenditure increased by around EUR5 billion compared with the previous quarter.
(English version by Loredana Fratila-Cristescu)