In it third quarter of 2024, the seasonally adjusted general government deficit ratio to GDP stood at 2.6% in the euro area (EA20) and in 2.9% in the EU. Compared to the second quarter of 2024, the deficit ratio decreased in both the euro area and the EU.
These data have been published by Statistical Office of the European Communities, the statistical office of the European Union.
Seasonally adjusted public revenues and expenditures in the euro area and the EU
In it third quarter of 2024, the total public revenue in the euro zone They represented the 47.0% of GDP, an increase compared to 46.5% in the second quarter of 2024. This increase was mainly due to an increase in seasonally adjusted total public revenues in absolute terms, as well as an increase in nominal GDP. In absolute terms, the seasonally adjusted total public revenue in the euro area increased by approximately 35,000 million euros compared to the second quarter of 2024.
He total public spending in the euro zone remained in 49.6% of GDP, unchanged from the previous quarter. This was due to an increase in total seasonally adjusted public spending of around 18 billion euros, which was offset by increases in nominal GDP.
In the EU, the total public revenue they reached the 46.4% of GDP in it third quarter of 2024, in front of the 46.0% in the second quarter of 2024. Seasonally adjusted total income in the EU increased by approximately 42,000 million euros compared to the previous quarter.
He total public spending in the EU was located in 49.3% of GDP, slightly higher than 49.2% from the second quarter of 2024. Seasonally adjusted total spending increased by approximately 27,000 million euros compared to the previous quarter.
Fountain: EUROSTAT
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