Portugal was the Eurozone country with the lowest deficit during the first quarter, with only five states recording a budget surplus, according to data published by Eurostat.
According to The Portugal News, data from the European statistical body reveal that, from an unadjusted perspective, the average for the Eurozone recorded a deficit of 4.1% of Gross Domestic Product (GDP), and for the European Union a negative balance of 3.8% of GDP.
Portugal (-0.2%) recorded the sixth worst result among all the balances of single-currency countries, but it was the best among those that had a budget deficit.
Only Ireland, Cyprus, Latvia, Luxembourg, and the Netherlands achieved a positive budget balance. Among the countries with the highest deficit, Belgium (-9.6%) and France (-6.9%) stand out.
Looking at seasonally adjusted data, in the first three months of the year, the Eurozone's average deficit was 3.2% and the European Union's was 3%, with Portugal presenting the third largest surplus (0.6%).
According to The Portugal News, data from the European statistical body reveal that, from an unadjusted perspective, the average for the Eurozone recorded a deficit of 4.1% of Gross Domestic Product (GDP), and for the European Union a negative balance of 3.8% of GDP.
Portugal (-0.2%) recorded the sixth worst result among all the balances of single-currency countries, but it was the best among those that had a budget deficit.
Only Ireland, Cyprus, Latvia, Luxembourg, and the Netherlands achieved a positive budget balance. Among the countries with the highest deficit, Belgium (-9.6%) and France (-6.9%) stand out.
Looking at seasonally adjusted data, in the first three months of the year, the Eurozone's average deficit was 3.2% and the European Union's was 3%, with Portugal presenting the third largest surplus (0.6%).
