Eurozone and EU27 budget deficit at 6.3%/ 6.8% of GDP in 2009; Government debt at 78.7% and 73.6%
Apr 22nd, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
In 2009, the budget deficit and government debt of both the Eurozone (EA16) and the EU27 increased compared with 2008, while GDP (gross domestic product) fell. In the Eurozone the government deficit to GDP ratio increased from 2.0% in 2008 to 6.3% in 2009, and in the EU27 from 2.3% to 6.8%. In the Eurozone the government debt to GDP ratio increased from 69.4% at the end of 2008 to 78.7% at the end of 2009, and in the EU27 from 61.6% to 73.6%.