Belgium's Budget Deficit Hits 5.2% of GDP, BNB Urges Binding Fiscal Framework
Published 2 d ago2 sourcesEvidence: Reported
Eurostat data shows Belgian public debt rose to 110.2% of GDP in Q2 2026, up 0.8 percentage points from Q1, reaching €719.07 billion. This is the fourth highest ratio in the eurozone, behind Greece, Italy, and France. The increase signals persistent fiscal pressure, potentially affecting Belgian bond yields and regional risk sentiment.
Entities
France's public debt is confirmed near 120% of GDP with a deficit exceeding 5%, ranking as the third-highest ratio in the EU. This fiscal strain is exacerbated by ongoing political and social unrest, including recent riots, and a fragmented National Assembly, which is claimed to hinder fiscal consolidation efforts. The situation is developing with high uncertainty regarding policy response and market reaction.
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