The eurozone’s public deficit fell in 2023 to 3.6% of GDP and debt slowed to 88.6% compared to the previous year, with Portugal showing the fourth largest surplus (1.2%), Eurostat announced today. According to the data from the European statistical office, the deficit fell again in 2023 from 3.7% in 2022 and debt compares to 90.8% of Gross Domestic Product (GDP) in the 20 countries of the euro area. In the European Union (EU), the public deficit worsened from 3.4% in 2022 to 3.5% in 2023, and the debt ratio fell from 83.4% to 81.7% of GDP.
Portugal’s budget surplus 4th largest in euro area
