Seasonally adjusted government deficit almost stable at 2.7% of GDP in the euro area
In the first quarter of 2014, the seasonally adjusted general government deficit to GDP ratio stood at 2.7% in the euro area (EA18), nearly stable compared with the fourth quarter of 2013 (2.6%). In the EU28, the deficit to GDP ratio decreased from 3.1% of GDP in the fourth quarter of 2013 to 1.9% of GDP in the first quarter of 2014, largely due to one-off effects described in the Statistics Explained article.
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Source: EUROSTAT
