Romania, the highest seasonally adjusted government deficit in the EU in Q1 2019

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In the first quarter of 2019, the seasonally adjusted general government deficit to GDP ratio stood at 0.5% in the euro area (EA19), a decrease compared with 1.1% in the fourth quarter of 2018. In the EU28, the deficit to GDP ratio stood at 0.6%, a decrease compared with 1.0% in the previous quarter, according to the latest Eurostat report.

Romania recorded the highest government deficit in the European Union, 4.5% of the GDP in the first quarter of this year, while the deficit stood at 0.5% of GDP in the Eurozone. Romania has also topped the increase of the government deficit in the first quarter of 2019 compared to the last quarter of 2018, scoring 1.7 pc.

In the first quarter of 2019, total government revenue in the euro area amounted to 46.0% of GDP, a decrease compared with 46.2% in the fourth quarter of 2018. Total government expenditure in the euro area stood at 46.5% of GDP, a decrease compared with 47.2% in the previous quarter.
In the EU28, total government revenue was 44.8% of GDP in the first quarter of 2019, a decrease compared to 45.0% in the fourth quarter of 2018. Total government expenditure in the EU28 was 45.4% of GDP, compared with 45.9% in the previous quarter.

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