Government deficit and government debt were down in relative terms in 2015 compared to 2014 in the eurozone and European Union, the European statistical office (Eurostat) announced on Friday 21 October. In the eurozone, the deficit/GDP ratio was down by 2.6% in 2014 to 2.1%. In the EU, this ratio dropped from 3% to 2.4%.
In 2015, Luxembourg (+1.6%), Germany (+0.7%), Sweden (+0.2%) and Estonia (+0.1%) recorded a budgetary surplus. The lowest government deficits were noted in Lithuania...