OREANDA-NEWS. Seasonally adjusted government deficit down to 1.8% of GDP in the euro area
Down to 2.3% of GDP in the EU28
In the third quarter of 2015, the seasonally adjusted general government deficit to GDP ratio stood at 1.8% in the euro area (EA19), a decrease compared with 2.2% in the second quarter of 2015. In the EU28. the deficit to GDP ratio stood at 2.3%, a decrease compared with 2.6% in the previous quarter.
Government revenue and expenditure for the euro area and EU28
In the third quarter of 2015, total government revenue in the euro area amounted to 46.5% of GDP, stable compared with the second quarter of 2015. Total government expenditure in the euro area stood at 48.3% of GDP, compared with 48.7% of GDP in the previous quarter.
In the EU28. total government revenue was 44.9% of GDP in the third quarter of 2015, compared with 44.8% in the second quarter of 2015. Total government expenditure in the EU28 was 47.1% of GDP, compared with 47.4% in the previous quarter.