Seasonally adjusted government deficit increased to 1.0% of GDP in the euro area. Up to 0.9% of GDP in the EU28,

In the fourth quarter of 2018, the seasonally adjusted general government deficit to GDP ratio stood at 1.0% in the euro area (EA19), an increase compared with 0.5% in the third quarter of 2018. In the EU28, the deficit to GDP ratio stood at 0.9%, an increase compared with 0.5% in the previous quarter, according to data are released by Eurostat, the statistical office of the European Union.

In the fourth quarter of 2018, total government revenue in the euro area amounted to 46.2% of GDP, a decrease compared with 46.3% in the third quarter of 2018. Total government expenditure in the euro area stood at 47.2% of GDP, an increase compared with 46.8% in the previous quarter. In the EU28, total government revenue was 45.0% of GDP in the fourth quarter of 2018, a decrease compared to 45.1% in the third quarter of 2018. Total government expenditure in the EU28 was 45.9% of GDP, compared with 45.6% in the previous quarter.

Source: Cyprus News Agency