Seasonally adjusted government deficit down to 1.4% of GDP in both the euro area and the EU28

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The FINANCIAL — In the fourth quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.4% in the euro area (EA19), a decrease compared with 1.6% in the third quarter of 2016.

In the EU28, the deficit to GDP ratio also stood at 1.4%, a decrease compared with 1.7% in the previous quarter.

Government revenue and expenditure for the euro area and EU28

In the fourth quarter of 2016, total government revenue in the euro area amounted to 46.1% of GDP, a decrease compared with 46.4% in the third quarter of 2016. Total government expenditure in the euro area stood at 47.5% of GDP, a decrease compared to the previous quarter (48.0% of GDP).

In the EU28, total government revenue was 44.9% of GDP in the fourth quarter of 2016, compared with 45.1% in the third quarter of 2016. Total government expenditure in the EU28 was 46.3% of GDP, compared with 46.8% in the previous quarter.

 

 

 

 

 

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