euroflation.
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Eurozone government budget balance by country

Government budget balance across the euro area (2025) ranges from 3.4% in Cyprus down to −5.2% in Belgium, against a euro-area average of −2.9%.

12-mo trend
🇨🇾Cyprus3.4%4.1%▼ 0.7▲ 9.0▲
🇮🇪Ireland1.8%4.1%▼ 2.3▲ 6.8▲
🇬🇷Greece1.7%1.3%▲ 0.4▲ 11.6▲
🇵🇹Portugal0.7%0.6%▲ 0.1▲ 6.5▲
🇳🇱Netherlands−1.6%−0.7%▼ 0.9▲ 2.1▲
🇱🇹Lithuania−1.8%−1.3%▼ 0.5▲ 4.6▲
🇪🇪Estonia−2.0%−1.1%▼ 0.9▲ 3.4▲
🇱🇺Luxembourg−2.0%0.9%▼ 2.9▲ 1.1▲
🇲🇹Malta−2.2%−3.4%▲ 1.2▲ 6.5▲
🇪🇸Spain−2.4%−3.2%▲ 0.8▲ 7.5▲
🇱🇻Latvia−2.5%−1.8%▼ 0.7▲ 1.6▲
🇸🇮Slovenia−2.5%−0.9%▼ 1.6▲ 5.2▲
🇩🇪Germany−2.7%−2.7%0.0▲ 1.7▲
🇭🇷Croatia−3.0%−2.3%▼ 0.7▲ 4.2▲
🇮🇹Italy−3.1%−3.4%▲ 0.3▲ 6.3▲
🇫🇮Finland−3.4%−4.4%▲ 1.0▲ 2.1▲
🇧🇬Bulgaria−3.5%−3.0%▼ 0.5▲ 0.3▲
🇦🇹Austria−4.2%−4.6%▲ 0.4▲ 4.0▲
🇸🇰Slovakia−4.5%−5.3%▲ 0.8▲ 0.8▲
🇫🇷France−5.1%−5.8%▲ 0.7▲ 3.8▲
🇧🇪Belgium−5.2%−4.4%▼ 0.8▲ 3.8▲
rising (faster growth) falling / contraction▲▼ arrows always paired with colour (colourblind-safe)Tap a column header to sort.

See the euro-area aggregate →