Eurostat: Q3 2018 – Seasonally adjusted government deficit increased to 0.6% of GDP in the EU28. Romania – highest level

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In the third quarter of 2018, the seasonally adjusted general government deficit to GDP ratio stood at 0.5% in the euro area (EA19), an increase compared with 0.3% in the second quarter of 2018. In the EU28, the deficit to GDP ratio stood at 0.6%, an increase compared with 0.4% in the previous quarter.

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

In the third quarter of 2018, total government revenue in  the euro  area amounted  to 46.1%  of  GDP, a  decrease compared  with  46.2%  in the second quarter  of  2018.

Total government expenditure in the euro area stood at 46.7% of GDP, an increase compared with 46.5% in the previous quarter.

In the EU28, total government revenue was 44.9% of GDP in the third quarter of 2018, unchanged compared to the second quarter of 2018.

Total government expenditure in the EU28 was 45.5% of GDP, compared with 45.3% in the previous quarter.

Romania recorded the highest government deficit in Q3 2018, of 3.6% of GDP up from a deficit of 2.3% of GDP in the previous three months and a deficit of 2.8 % of GDP during July-September 2017.

12 EU Member States recorded a government surplus, including Malta (3.8% of GDP), Portugal and Bulgaria (3.6% of GDP) and Luxembourg (3.1% of GDP).

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