Quarterly data on government deficit, Q4 2016, Eurostat

Page created: Wednesday, 26 April 2017 9:54GMT | Updated: Wednesday, 26 April 2017 18:35GMT

Press Release:  26 April 2017 - 3 Page(s)
Tags:
Budget Deficit  Euro Area  European Union

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

Driven by reduction in total expenditure

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.

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 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.



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

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