Debt issued by the European Union on behalf of its Member States has almost doubled since 2020 and now exceeds 5% of the bloc’s gross domestic product. The figures are cited by the European Fiscal Board.

Joint issuance allows the Union to raise funding associated with its Member States. The increase recorded since 2020 highlights the growing use of this instrument within the European financial framework.

The share of GDP provides a measure of the scale of the debt relative to the Union’s economy. The report places this issue at the centre of discussions on European public finances and the management of shared commitments.

Follow budget data and developments in the European Union’s finances.