Tag Archives: public finances

EU-issued debt exceeds 5% of the bloc’s GDP

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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.

Portugal’s Budget Surplus in 2024 Reaches 0.7% of GDP

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The National Statistics Institute (INE) announced that Portugal ended 2024 with a budget surplus of 0.7% of GDP, above the 0.4% forecast by the Government. This result reflects higher revenues and reasonable containment of public spending, reinforcing the resilience of public finances in a context of economic adjustment.

The surplus, although positive, contrasts with more conservative forecasts from bodies such as the Bank of Portugal, which are already warning of potential deficits in 2025.

This development highlights the importance of rigorous fiscal management and opens space for future decisions on public investments and tax burden reduction.