Arab Today, arab today drop in eu government deficit but rise in debt
Last Updated : GMT 10:36:50
Arab Today, arab today
Arab Today, arab today

Drop in EU government deficit, but rise in debt

Arab Today, arab today

Arab Today, arab today Drop in EU government deficit, but rise in debt

Brussels - KUNA

In 2013, the government deficit of both the euro area and the EU decreased compared with 2012, while the government debt rose in both zones. In the euro area , the government deficit to GDP ratio decreased from 3.7% in 2012 to 3.0% in 2013, and in the EU from 3.9% to 3.3%. In the euro area, the government debt to GDP ratio increased from 90.7% at the end of 2012 to 92.6% at the end of 2013, and in the EU from 85.2% to 87.1%, according to figures released here Wednesday by Eurostat, the EU statistical office. In 2013, Luxembourg registered a government surplus, Germany was close to balance, and the lowest government deficits in percentage of GDP were recorded in Estonia, Denmark, Latvia and Sweden. Ten EU Member States had deficits higher than 3% of GDP. At the end of 2013, the lowest ratios of government debt to GDP were recorded in Estonia (10.0%), Bulgaria (18.9%), Luxembourg (23.1%), Latvia (38.1%), Romania (38.4%), Lithuania (39.4%) and Sweden (40.6%). Sixteen EU Member States had government debt ratios higher than 60% of GDP, with the highest registered in Greece (175.1%), Italy (132.6%), Portugal (129.0 %), Ireland (123.7%), Cyprus (111.7%) and Belgium (101.5%). In 2013, government expenditure in the euro area was equivalent to 49.8% of GDP and government revenue to 46.8%. The figures for the EU were 49.1% and 45.7% respectively. In both zones, the government expenditure ratio decreased and the government revenue ratio increased between 2012 and 2013.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today drop in eu government deficit but rise in debt Arab Today, arab today drop in eu government deficit but rise in debt

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today drop in eu government deficit but rise in debt Arab Today, arab today drop in eu government deficit but rise in debt

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday