Eurozone deficit estimated at 3.3% in Q2 and Portugal has the 5th largest surplus

In the second quarter, the eurozone's budget deficit rose to 3.3% of GDP, while the EU's deficit increased to 3.5%. Portugal recorded a budget surplus of 0.8%, ranking fifth among EU countries. The deficit in the eurozone compared to 3.1% in the same quarter last year and 3.2% in the previous quarter. Cyprus, Denmark, Greece, Ireland, and Portugal are among those with budget surpluses, while Romania, Hungary, and Poland face significant deficits. EU budget rules require member states to maintain a deficit limit of 3% of GDP and public debt at 60%.