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Europe Daily Bulletin No. 8178

23 March 2002
Contents Publication in full By article 24 / 30
GENERAL NEWS / (eu) eu/economy
Government deficit of 1.3% of GDP in eurozone in 2001

Brussels, 22/03/2002 (Agence Europe) - According to statistics published on Thursday by Eurostat, the government balance of the eurozone was in deficit at 1.3% of GDP in 2001, compared with a surplus of 0.2% of GDP (Gross Domestic Product) in 2000. This deterioration in government finance in the eurozone is due to the greater slowdown than forecast in economic growth, which cut tax revenue and caused an increase in social security expenditure. For the EU as a whole, the government balance...

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