The budget deficit and national debt in the EU countries decreased in the first quarter

The deficit of the state budget in the euro area in the first quarter was 0.1% in relation to GDP, declining from 0.6% in the fourth quarter of 2017, the data of the Statistical Office Eurostat showed. According to the European Union as a whole, the budget deficit decreased from 0.6% to 0.5%. Public debt declined in the EU countries from 81.6% to 81.5% in relation to GDP. At the same time, in the euro area, the deficit relative to GDP increased to 86.8% from 86.7% at the end of the fourth quarter of last year. The lowest indicators of public debt to GDP in the first quarter showed such countries as Estonia - 8.7%, Luxembourg - 22.2% and Bulgaria - 24.1%. The highest rates were recorded in Greece - 180.4%, Italy - 133.4% and in Portugal - 126.4%.

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