Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017

Romania saw a slight decline in the ratio of government debt to GDP, in the first quarter of 2017, among European Union member states, thus, boasting some of the most favourable positions, Eurostat data showed Thursday.

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Imaginea articolului Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017

Eurostat: Romania Had One Of Lowest Government Debts In EU In 1Q/2017

The highest ratios of government debt to GDP at the end of the first quarter of 2017 were recorded in Greece (176.2%), Italy (134.7%) and Portugal (130.5%), and the lowest in Estonia (9.2%), Luxembourg (23.0%) and Bulgaria (28.6%).

Compared with the fourth quarter of 2016, twelve Member States registered an increase in their debt to GDP ratio at the end of the first quarter of 2017, and fifteen a decrease. The highest increases in the ratio were recorded in the Czech Republic (+3.1 percentage points – pp), Luxembourg (+3.0 pp), Croatia (+2.6 pp) and France (+2.3 pp). The largest decreases were recorded in Greece (-2.9 pp), the Netherlands (-2.2 pp) and Austria (-2.0 pp).

Compared with the first quarter of 2016, eight Member States registered an increase in their debt to GDP ratio at the end of the first quarter of 2017, and nineteen a decrease. The highest increases in the ratio were recorded in Latvia (+2.7 pp) and Poland (+2.2 pp), while the largest decreases were recorded in the Netherlands (-4.7 pp), Germany (-4.0 pp), Austria (-3.8 pp), Malta (-2.9 pp) and Denmark (-2.7 pp).

At the end of the first quarter of 2017, the government debt to GDP ratio in the euro area (EA19) stood at 89.5%, compared with 89.2% at the end of the fourth quarter of 2016. In the EU28, the ratio also increased from 83.6% to 84.1%.

Compared with the first quarter of 2016, the government debt to GDP ratio fell in both the euro area (from 91.2% to 89.5%) and the EU28 (from 84.3% to 84.1%), according to Eurostat.

 

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