Eurozone deficit at 1.5% in the Euro area

In the second quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.5% in the euro area (EA19), a slight decrease compared with 1.6% in the first quarter of 2016.

In the EU28, the deficit to GDP ratio stood at 1.8%, a slight decrease compared with 1.9% in the previous quarter.

In the second quarter of 2016, total government revenue in the euro area amounted to 46.4% of GDP, a slight increase compared with 46.3% in the first quarter of 2016. Total government expenditure in the euro area stood at 47.9% of GDP, stable compared to the previous quarter. In the EU28, total government revenue was 44.9% of GDP in the second quarter of 2016, compared with 44.8% in the first quarter of 2016. Total government expenditure in the EU28 was 46.7% of GDP, compared with 46.6% in the previous quarter.

Source: Cyprus News Agency.