Translated material
Europe straightens balances
For three years, state budgets of state budgets of EU countries decreased over three years by the expenses of government of 17 countries of the eurozone over the revenues of the treasury amounted to on average 3.1% of the region’s economies in the third quarter of 2013 , the Eurostat agency said on Monday.
This is the minimum state budget deficit for them for the period from the third quarter of 2008, when it amounted to 2.2% of the volume of GDP of the Eurozone countries. By the fall of 2010, against the background of the financial crisis, the average state budget deficit for the region increased more than three times, exceeding 7.2% of the economic volume.
Since then, it has been steadily reduced and by the fall of last year only by one tenth percentage of the percentage exceeded the 3%limit established for countries that are moving to a single European currency, the basic agreements of the European Union-the Maastrichstskoye, and then the Lisbon. The average budget deficit for all 28 countries of the European Union amounted to 3.5% in July -September last year than in the fall of 2010.
Nevertheless, another of the most important limits of state expenses-the current amount of debt accumulated by the government cannot be more than 60% of GDP- is still exceeding the Eurozone countries by one and a half times . According to the latest estimates of Eurostat (also for the third quarter of 2013), it amounted to 92.7% of GDP, while only three months earlier - 93.4%. Thus, the average level of eurozone countries decreased - for the first time during the period from October -December 2007.
The highest in the EU its levels “Eurostat” notes in Greece (172%of GDP), Italy (133%), Portugal (129%) and Ireland (125%). And the lowest - in Estonia (10%of GDP), Bulgaria (17%) and Luxembourg (28%).
This is the minimum state budget deficit for them for the period from the third quarter of 2008, when it amounted to 2.2% of the volume of GDP of the Eurozone countries. By the fall of 2010, against the background of the financial crisis, the average state budget deficit for the region increased more than three times, exceeding 7.2% of the economic volume.
Since then, it has been steadily reduced and by the fall of last year only by one tenth percentage of the percentage exceeded the 3%limit established for countries that are moving to a single European currency, the basic agreements of the European Union-the Maastrichstskoye, and then the Lisbon. The average budget deficit for all 28 countries of the European Union amounted to 3.5% in July -September last year than in the fall of 2010.
Nevertheless, another of the most important limits of state expenses-the current amount of debt accumulated by the government cannot be more than 60% of GDP- is still exceeding the Eurozone countries by one and a half times . According to the latest estimates of Eurostat (also for the third quarter of 2013), it amounted to 92.7% of GDP, while only three months earlier - 93.4%. Thus, the average level of eurozone countries decreased - for the first time during the period from October -December 2007.
The highest in the EU its levels “Eurostat” notes in Greece (172%of GDP), Italy (133%), Portugal (129%) and Ireland (125%). And the lowest - in Estonia (10%of GDP), Bulgaria (17%) and Luxembourg (28%).