Date: October 23, 2018
According to Eurostat, “In the second quarter of 2018, the seasonally adjusted general deficit to GDP ratio stood at 0.1% in the Euro Area (EA19), a decrease compared with 0.2% in the first quarter of 2018 and the lowest deficit since the beginning of the comparable times series (2002).” In addition, the deficit to GDP stood at 0.3% in the EU28, a decrease compared with 0.5% in the previous quarter and the lowest deficit since the beginning of comparable time series (2002).
Government Revenue and Expenditure for the Euro Area and EU28
Total government revenue in the Euro Area remained unchanged in the second quarter of 2018 compared to the first quarter in 2018, amounting to 46.2% of GDP. While, total government expenditure in the Euro Area remained at 46.3% of GDP, representing a decline compared with 46.5% in the previous quarter.
In the EU28, in the second quarter of 2018, 44.9% of GDP represented total government revenue compared with 44.8% in the first quarter of 2018. On the other hand, total government expenditure in the EU28 was 45.2% of GDP, compared with 45.4% in the previous quarter.
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