The seasonally and calendar-adjusted general government deficit was 3.1% of GDP in both the euro area and EU in the first quarter of 2026, Eurostat said. Previous-quarter ratios were 3.2% and 3.4% respectively.
Euro area revenue was 47.1% of GDP and expenditure 50.2%. First-quarter results remain provisional; seasonally adjusted quarterly ratios are not final annual budget deficit figures.
An IMF mission that visited on 15–18 September reviewed banking restructuring and fiscal planning. The Fund expects contraction and double-digit inflation in 2026.
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