Eurostat: gov’t debt down to 81.5 pct of GDP in EU

BRUSSELS, At the end of the first quarter of 2018, the government debt to GDP ratio in the euro area stood at 86.8 percent, compared with 86.7 percent at the end of the fourth quarter of 2017.

In the EU, the ratio decreased from 81.6 to 81.5 percent. Compared with the first quarter of 2017, the government debt to GDP ratio fell in both the euro area and the EU.

In the first quarter of 2018, the government deficit to GDP ratio stood at 0.1 percent in the euro area, a decrease compared with 0.6 percent in the fourth quarter of 2017. In the EU, the deficit to GDP ratio stood at 0.5 percent, a decrease compared with 0.6 percent in the previous quarter.

Eurostat, the EU’s statistical office, released these figures Friday.

Source: Kuwait News Agency