Government budget deficits in the EU more than doubled in 2008; Ireland headed deficit rankings at 7.1% of GDP; Finland top surplus country at 4.2%; Denmark runner-up at 3.6%
Apr 23rd, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Government budget deficits in the EU - - European Union - - more than doubled in 2008 and the total government budget shortfall in the EU27 was 2.3% of GDP (gross domestic product) up from 0.8% in 2007, according to Eurostat, the EU's statistics office. Ireland headed the deficit rankings at 7.1% and Finland had highest surplus at 4.2%. Denmark was runner-up at 3.6%.