He eurozone public deficit closed the first quarter decreasing by one tenth compared to the last three months of last year, to 3.1% of the Gross Domestic Product (GDP), while public debt increased 1.2 percentage points, reaching 88.9%, according to figures from Eurostat, the statistical office of the European Union (EU). As to EU-wide datathe public deficit also fell to 3.1%, three tenths below the fourth quarter of 2025, and the public debt increased from 81.8% to 82.9%. In the first quarter of 2026, lTotal public revenues in the euro area represented 47.1% of GDP. The decrease compared to the 47.3% recorded in the fourth quarter of 2025 was mainly due to the fact that «the increase in nominal GDP offset the slight increase – of about 1,000 million euros – in seasonally adjusted total public revenues in absolute terms.» He Total public spending in the euro area stood at 50.2% of GDPwhich represents a decrease compared to the previous quarter (50.4% of GDP) motivated «both by the decrease in seasonally adjusted total public spending (by about 1,000 million euros) and by the increase in nominal GDP.» In the EU, Total public revenue stood at 46.6% of GDP in the first quarter, recording a decrease in the ratio compared to 46.7% in the fourth quarter of 2025. Seasonally adjusted total revenues in the EU increased by around €9 billion compared to three months ago. Total public spending in the EU represented 49.8% of GDP, a figure lower than the 50.1% of GDP recorded in the previous quarter. Seasonally adjusted total spending decreased by around €2 billion compared to the previous period.
