OREANDA-NEWS. In the fourth quarter of 2015, the seasonally adjusted general government deficit to GDP ratio stood at 2.3% in the euro area (EA19), an increase compared with 1.8% in the third quarter of 2015. In the EU28, the deficit to GDP ratio stood at 2.4%, an increase compared with 2.2% in the previous quarter.

These data are released by Eurostat, the statistical office of the European Union.

Government revenue and expenditure for the euro area and EU28

In the fourth quarter of 2015, total government revenue in the euro area amounted to 46.7% of GDP, a slight increase compared with the third quarter of 2015. Total government expenditure in the euro area stood at 49.0% of GDP, compared with 48.4% of GDP in the previous quarter. In the EU28, total government revenue was 45.4% of GDP in the fourth quarter of 2015, compared with 45.0% in the third quarter of 2015. Total government expenditure in the EU28 was 47.8% of GDP, compared with 47.3% in the previous quarter.