The state budget deficit in eurozone reduced in two times in Q1


The state budget deficit in the European countries decreased in January-March to 0,5% relating to GDP. In Q4 of 2018 it was 1,1% as Eurostat reports. In the European Union countries the indicator also reduced from 1% to 0,6%. Luxemburg, Bulgaria and the Netherlands became leaders in the size of a budget surplus in Q1. The biggest deficit was in Romania and France. The state debt in eurozone countries increased in reporting quarter to 85,9% relating to GDP compared to 85,1% in Q4 of 2018. In the EU countries the state debt rose from 80% to 80,7%.

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