Finland witnessed the largest increase in public debt in the second quarter of the current year, as it rose to 88.4% of GDP compared to 80.6% in the same period last year.
Bulgaria, which boasts one of the lowest sovereign debt levels in the European Union, began to sharply increase its debt, reaching 26.3% in the second quarter of the current year, compared to 22% in the previous year. Most of this increase occurred between April and June 2025.
France’s debt is also rising rapidly, increasing by 3.5 percentage points over the year to reach 115.8%, the highest level since the first quarter of 2021.
At the same time, government debt decreased in 11 countries. The most notable decrease was in Greece, the largest debtor in Europe, where the ratio of government debt to GDP fell by 8.9 percentage points to 151.2%.
Ireland’s debt also decreased significantly, by 7.2 percentage points to 33.3%, and Cyprus’s debt decreased by 6.5 percentage points to 61.2%.
Meanwhile, Greece (151.2%), Italy (138.3%), France (115.8%), Belgium (106.2%), and Spain (103.4%) recorded the highest accumulated sovereign debts.
