Seasonally adjusted government deficit up to 1.7% of GDP in the euro area

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The FINANCIAL — In the third quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.7% in the euro area (EA19), an increase compared with 1.5% in the second quarter of 2016.

In the EU28, the deficit to GDP ratio stood at 1.9%, a slight increase compared with 1.8% in the previous quarter.

These data are released by Eurostat, the statistical office of the European Union.

Government revenue and expenditure for the euro area and EU28

In the third quarter of 2016, total government revenue in the euro area amounted to 46.5% of GDP, unchanged compared with the second quarter of 2016. Total government expenditure in the euro area stood at 48.2% of GDP, an increase compared to the previous quarter (48.1% of GDP).

In the EU28, total government revenue was 45.1% of GDP in the third quarter of 2016, compared with 45.0% in the second quarter of 2016. Total government expenditure in the EU28 was 46.9% of GDP, compared with 46.8% in the previous quarter.

 

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