ECONOMY - FINANCE - BUSINESS / Economy

Government deficit reduced to 5.1% of GDP and government debt to 95.6% in euro area by end of 2021

Brussels, 22/04/2022 (Agence Europe)

In 2021 compared to 2020, the government deficit and government debt decreased from 7.1% to 5.1% of GDP and 97.2% to 95.6% of GDP, respectively, in the euro area. At the EU level, deficit ratios followed a similar path, reducing from 6.8% to 4.7% of GDP and government debt from 90.0% to 88.1% of GDP.

Last year, all Member States, except Denmark (+2.3%) and Luxembourg (+0.9%), reported a deficit, with fifteen countries showing a deficit above 3% of GDP. The highest deficits were recorded in...