euro area seasonally adjusted deficit

Eurostat Statistics in focus Issue number 3/2013

Growth in the EU-27 deficit influenced by a one-off operation in the United Kingdom in the second quarter of 2012

Eurostat publishes for the first time seasonally adjusted and working day adjusted quarterly data on government revenue, expenditure and surplus (+)/ deficit (-) for some Member States and the EU aggregates, thus expanding on the previous publication, which covered only EU aggregates.

This publication is based on data transmitted to Eurostat at the end of December 2012 and includes data coverage of the first three quarters of 2012. It complements the press release on quarterly debt.

In the third quarter of 2012, the seasonally adjusted general government deficit to GDP ratio stood at -4.0% in the euro area (EA-17) and -4.4% in the European Union (EU-27).

In the previous quarter it stood at -4.0% in the EA-17 and -3.2% in the EU-27. EU-27 and EA-17 general government total revenue amounted to 44.8 % and 46.8 % of GDP respectively, while total expenditure stood at 49.2 % and 50.8 % of GDP.

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