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Financial News: Eurozone Govt Deficit Narrows On Lower Expenditure

Eurozone Govt Deficit Narrows On Lower Expenditure

04/25/2017 - 05:39:00 (RTTNews)

(RTTNews) - Eurozone general government deficit to GDP ratio declined in the fourth quarter of 2016 after widening in the previous three months, preliminary figures from Eurostat showed Tuesday.

As a percentage of GDP, the seasonally adjusted government deficit was 1.4 percent in the final three months of 2016 versus 1.6 percent in the third quarter.

Expenditure amounted to 47.5 percent of GDP versus 48 percent in the previous three months. Revenue was 46.1 percent compared to 46.4 percent.

In the EU28, the deficit to GDP ratio decreased to 1.4 percent from 1.7 percent. Expenditure was 44.9 percent and revenue was 46.3 percent.

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