Eurostat estimates Italy’s deficit/GDP ratio at 3.1% for 2025, from 3.4% in 2024. This value seems to exclude the country’s exit from the European procedure for excessive deficit, which is being examined by the EU Commission at the beginning of June as part of the European Semester.
The public deficit in the euro area falls to 2.9% of GDP in 2025 from 3% in 2024, while in the European Union it remains stable at 3.1%. This is what emerges from the data released by Eurostat. The debt goes against the trend: in the Eurozone it rises to 87.8% of GDP at the end of 2025 from 87% the previous year, while in the EU it grows to 81.7% from 80.7%. In 2025, almost all Member States record a deficit, with the exception of the surpluses recorded in Cyprus (+3.4%), Denmark (+2.9%), Ireland (+1.8%), Greece (+1.7%) and Portugal (+0.7%). The highest deficits are recorded in Romania (-7.9%), Poland (-7.3%), Belgium (-5.2%) and France (-5.1%). Eleven countries, including Italy, remain above the 3% of GDP threshold. On the debt front, twelve Member States exceed 60% of GDP. The lowest levels are recorded in Estonia (24.1%), Luxembourg (26.5%), Denmark (27.9%), Bulgaria (29.9%), Ireland (32.9%), Sweden (35.1%) and Lithuania (39.5%). Among the highest levels after Greece (146.1%), Italy (137.1%) and France (115.6%), are Belgium (107.9%) and Spain (100.7%).