Eurozone public deficit falls to 3.1% of GDP in the first quarter of 2026
Eurozone and EU public deficit drops to 3.1% of GDP in Q1 2026, according to Eurostat. Spain records 1.9%, below the average.
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The public deficit decreased to 1.03% of GDP in May, 6.5% less than last year. Income from personal and corporate tax boosts state revenue.
Eurozone and EU public deficit drops to 3.1% of GDP in Q1 2026, according to Eurostat. Spain records 1.9%, below the average.
Treasury sets regional deficit at 0.1% of GDP for 2027-2029 and expenditure rule at 4% for 2027, while the State reserves most of the total deficit.
Treasury gathers regional governments to set the deficit path for the 2027 Budget, with risk premium at 85 basis points and the spectre of December's rejection.
Treasury approves deficit targets for 2027-2029 and a record spending cap, marking the first step towards the 2027 Budget.