Reduction in the public deficit and rise in the public debt

30^th April 2012

According to figures published by Eurostat on 23rd April the public deficit has decreased in the euro zone as well as in the EU (the public deficit ratio in comparison with the GDP dropped from 6.2% in 2010 to 4.2% in 2011 in the euro zone and from 6.5% to 4.5% in the EU). The public debt increased over the same period rising from 85.3% to 87.2% in the euro zone and from 80% to 82.5% in the Union. Unsurprisingly the highest deficits are to be found in Ireland (-13.1%), Spain (-8.5%) and Greece (69.1%) and the lowest deficits in Finland (-0.5%), Luxembourg (0.6%) and Germany (-1%).

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