ECONOMY - FINANCE - BUSINESS / (ae) economy

Government deficit in eurozone 2.3% of GDP in first quarter of 2015

Brussels, 23/07/2015 (Agence Europe) - In the first quarter of 2015, the seasonally adjusted ratio of government debt to GDP stood at 2.3% in the eurozone, down from the fourth quarter of 2014 (2.5%), according to data published by the statistical office of the EU (Eurostat) on Thursday 23 July.

At European Union level, this ratio also fell, to 2.6% of GDP from 2.8% in the previous quarter.

Total government revenue in the eurozone was 46.5% of GDP, compared to 46.7% in the fourth quarter...