(Tiper Stock Exchange) – The incidence of public debt in the Eurozone economy is reduced in the first quarter of 2023, with a debt-to-GDP ratio which reached the 91.2% vs. 91.4% of the fourth quarter. The debt/GDP ratio is also declining of the whole EUwith a passing incidence to 83.7% compared to 83.8% previously.
This is what emerges from the latest report of theEurostataccording to which the slight decrease is due to theGDP accelerationwhich more than offset the increase in debt in absolute terms.
The highest ratios are recorded in Greece (at 168.3%), Italy (at 143.5%), Portugal (113.8%), Spain (112.8%), France (112.4%) and Belgium (107.4%). Most content in Estonia (17.2%), Bulgaria (22.5%), Luxembourg (28.0%) and Denmark (29.4%).
As for the deficit/GDP ratio it has attested in the Eurozone to 3.2% from 4.7% previous and in the EU agreement to 3% from 4.5% of the previous quarter. A result determined by the combined expenditure containment and GDP acceleration.
The highest deficit/GDP ratios recorded in Hungary (-11.1%), Romania (-6%) and, among the main economies, in France (-5.1%). The Portugal it even shows a surplus (2.8%).
(Photo: © andreykuzmin / 123RF)