Eurozone deficit falls to 3.1 per cent of GDP and debt rises to 88.9 per cent in first quarter

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In the first quarter of 2026, total public revenue in the eurozone accounted for 47.1 per cent of GDP. In the EU, total public revenue stood at 46.6 per cent of GDP in the first quarter, marking a decline in the ratio from 46.7 per cent in the fourth quarter of 2025. Seasonally adjusted total revenue in the EU rose by around €9 billion compared with three months earlier. Total public expenditure in the EU accounted for 49.8 per cent of GDP, down from 50.1 per cent of GDP recorded in the previous quarter. Seasonally adjusted total expenditure fell by around €2 billion compared with the previous period.