The general government deficit and debt-to-GDP ratio fell last year in the EU

By: Trademagazin editor Date: 2022. 04. 25. 11:15

The general government deficit as a share of GDP in the euro area fell to an average of 5.1 percent in 2021 from 7.1 percent in 2020, and the deficit in the EU fell to 4.7 percent from 6.8 percent a year earlier, according to Eurostat’s preliminary data.

EU and eurozone debt declining on an annual basis

Only two countries had a general government surplus last year: 2.3 percent in Denmark and 0.9 percent in Luxembourg.

The highest general government deficits were in Malta at 8 percent and in Greece at 7.4 percent, in Latvia at 7.3 percent, in Italy at 7.2 percent, in Romania at 7.1 percent, in Spain at 6.9 percent, in Hungary at 6.8 percent, and in France 6, 5 percent and 6.2 percent in Slovakia. (MTI)