Government Deficit rose to 0.7% of GDP in the Euro Area

October 22, 2019

According to Eurostat, “In the second quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.7% in the euro area (EA19), compared with 0.6% in the first quarter of 2019.” In addition, the deficit to GDP stood at 0.9% in the EU28, an increase compared with 0.8% in the previous quarter.

Government Revenue and Expenditure for the Euro Area and EU28

Total government revenue in the Euro Area remained unchanged at 46.2% of GDP in the second quarter of 2019 compared to the first quarter in 2019. While, total government expenditure in the Euro Area was 47.0% of GDP, representing an uptick compared with 46.9% in the previous quarter.

In the EU28, in the second quarter of 2019, total government revenue remained unchanged at 44.9% of GDP compared to the first quarter of 2019. On the other hand, total government expenditure in the EU28 was 45.8% of GDP, compared with 45.6% in the previous quarter.

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