Seasonally adjusted government deficit unchanged at 0.6% of GDP in the euro area

Seasonally adjusted government deficit unchanged at 0.6% of GDP in the euro area

Seasonally adjusted government deficit unchanged at 0.6% of GDP in the euro area

The FINANCIAL -- In the fourth quarter of 2017, the seasonally adjusted general government deficit to GDP ratio stood at 0.6% in the euro area (EA19), stable compared with the third quarter of 2017.

In the EU28, the deficit to GDP ratio stood at 0.6%, a decrease compared with 0.7% in the previous quarter.

Government revenue and expenditure for the euro area and EU28

In the fourth quarter of 2017, total government revenue in the euro area amounted to 46.1% of GDP, unchanged compared to the third quarter of 2017. Total government expenditure in the euro area stood at 46.7% of GDP, also unchanged compared to the previous quarter.

In the EU28, total government revenue was 44.9% of GDP in the fourth quarter of 2017, compared with 44.8% in the third quarter of 2017. Total government expenditure in the EU28 was 45.5% of GDP, unchanged compared to the previous quarter.