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Image header Agence Europe
Europe Daily Bulletin No. 11067
ECONOMY - FINANCE - BUSINESS / (ae) economy

25/04/2014 (Agence Europe) - Public deficit down in eurozone and EU28 in last quarter of 2013. In the fourth quarter of 2013, the public deficit in the eurozone fell to 2.6% of GDP from the previous quarter, when it stood at 3.1%. In the EU27, the same trend is seen, with the deficit reaching 3.1% of GDP in Q413, compared with 3.5% in Q313. Government revenue rose slightly in the eurozone (from 46.8% of GDP in Q313 to 46.9% in Q413) while total government expenditure in the eurozone fell from 49.9% of GDP to 49.5%. In the EU28, total government revenue remained unchanged from Q313 at 45.7%, while expenditure fell slightly from 49.2% in Q313 to 48.8% in Q413. (EL)