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<Econ> Eurozone Government Budget Deficit-to-GDP Ratio Falls to 2.9% Last Year
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The European Union's statistical agency said on Wednesday that the gap between government spending and tax revenue in the 20 member states of the euro area narrowed to 2.9% of gross domestic product in 2025, from 3% in 2024, and well below the peak of 7% reached in 2020. Cumulative government debt rose to 87.8% of gross domestic product in 2025 from 87% in 2024, but remained below the 2020 peak of 96.5%. However, as governments strengthen military capabilities to reduce reliance on the United States and address heightened threats from Russia, and again provide support to households and businesses facing rising energy costs following US and Israeli attacks on Iran and the countrys response, borrowing may increase again this year. The International Monetary Fund forecast last week that the euro areas budget deficit will widen to 3.3% of gross domestic product this year. (to) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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