Portugal records ‘second largest deficit surplus’ for 2nd quarter of 2023

Portugal in the second quarter of this year recorded the second-largest public sector budget surplus of countries in the eurozone and in the European Union, at 2.3% of estimated gross domestic product, while the eurozone had a deficit of 3.3% – and the EU a deficit of 3.2%. The news comes from data compiled by Eurostat. Denmark is the country in first position, with a surplus recorded of 2.8%; the Netherlands in 3rd position with only 0.2%. At the bottom of the scale are Hungary, Romania and Slovakia with deficit to GDP ratios of 6.6%, 6.3% and 4.8% respectively.