Gold Magazine September - October 2013, Issue 30 | Page 78

statistics

{economy}

GOVERNMENT DEFICIT

DECREASES
IN EU

W

hile the eurozone is
gradually emerging
from the longest
recession in its history, fiscal deficits
both in the euro
area and the EU are declining. According to
the latest Eurostat update of the not seasonally
adjusted general government deficit, in the first
quarter of 2013 the total figure as a percentage of GDP was -4.89% in the euro area and
-4.26% in the European Union. In the previous quarter it was -4.78% in the eurozone and
-4.51% in the EU. At the same time, general
government total revenue amounted to 46.5 %
and 45.3 % of GDP in the currenc H