Euro area government deficit-to-GDP ratio in Q4 increased to 4.1% from 3.6% in Q3; government revenue to GDP decreased from 46.7% to 46.6%: Eurostat

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LUXEMBOURG , April 22, 2024 (press release) –

Euro area and EU deficits increase compared to the third quarter of 2023

Overview
In the fourth quarter of 2023, the seasonally adjusted general government deficit to GDP ratio stood at 4.1% in the euro area (EA20) and 4.0% in the EU. In the fourth quarter of 2023, the euro area and EU deficit to GDP ratios increased compared to 3.6% and 3.5% in the third quarter of 2023.

These data are released by Eurostat, the statistical office of the European Union.

Seasonally adjusted* government revenue, expenditure and surplus / deficit
in the euro area and EU (% of GDP)

More share options
(% of GDP)	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4
Euro area
surplus (+) / deficit (-)	-3.6	-2.7	-2.6	-4.0	-5.3	-3.2	-3.5	-3.6	-4.1
total revenue	47.9	47.2	47.1	47.0	46.7	46.3	46.2	46.7	46.6
total expenditure	51.5	49.9	49.7	51.0	52.0	49.5	49.7	50.2	50.7
EU
surplus (+) / deficit (-)	-3.4	-2.4	-2.3	-3.8	-5.0	-3.0	-3.4	-3.5	-4.0
total revenue	47.2	46.7	46.6	46.3	46.1	45.6	45.7	46.2	46.2
total expenditure	50.6	49.1	48.8	50.0	51.1	48.6	49.2	49.7	50.2

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