January 21, 2020
According to Eurostat, “In the third quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.7% in the euro area (EA19), compared with 0.7% in the second quarter of 2019. ” Also, the deficit to GDP was 0.9% in the EU28, relative to a similar 0.9% in the previous quarter.
Government Revenue and Expenditure for the Euro Area and EU28
Total government revenue in the Euro Area was 46.5% of GDP in the third quarter of 2019 relative to 46.4% of GDP in the second quarter in 2019. While, total government expenditure in the Euro Area amounted to 47.2% of GDP, representing an uptick compared with 47.1% in the previous quarter.
In the third quarter of 2019, total government revenue in the EU28 represented 45.1% of GDP compared to 45.0% in the second quarter of 2019. On the other hand, total government expenditure in the EU28 was 45.9% of GDP relatively stable since the previous quarter.
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