Several member states break EU debt targ • Table.Briefings

According to EU debt rules, the general government deficit must be below three percent of gross domestic product.

Several EU member states broke their self-imposed rules on budget deficits and national debt last year. With the exception of Cyprus, Denmark, Ireland and Portugal, all EU countries spent more money than they took in.

According to data from the EU statistics office Eurostat, eleven member states had a government deficit of more than three percent of total economic output in 2023. This puts them above the EU-wide limits. According to the data, Italy has the highest deficit at 7.4 percent.

Several member states break EU debt targets

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