In the third quarter of 2012, euro area seasonally adjusted deficit remains stable, while EU-27 deficit increases

For the first time, in February 2013, Eurostat published 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.

Eurostat: News Release No.12, 2013: Euro area and EU27 government debt nearly stable at 90.0% and 85.1% of GDP respectively http://ec.europa.eu/eurostat/product?code=2-23012013-AP

---