Analytics, Budget, EU – Baltic States, Financial Services
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Thursday, 28.03.2024, 15:35
Estonia and Sweden were the only EU countries to have registered a budget surplus in 2010
Estonia and Sweden registered a budget surplus in 2010 – both 0.2% of GDP. In 2009, Estonia registered a budget deficit of 1.7% of GDP, writes LETA.
On the other hand, Lithuania's budget deficit in 2010 was seven% of GDP, compared to 9.5% of GDP in 2009.
Latvia's budget deficit in 2010 reached LVL 1.06 billion, compared to a budget deficit of LVL 1.26 billion or 9.7% of GDP in 2009. In 2009, Latvia has the fourth largest budget deficit in the EU.
Ireland registered the largest budget deficit in the EU last year – 31.3% of GDP, compared to 14.2% of GDP in 2009.
On the other hand, Greece's budget deficit in 2010 reached 10.6% of GDP, followed by Great Britain – 10.3% of GDP.
The EU's average budget deficit decreased by 0.3% last year to 6.6% of GDP. On the other hand, the euro-zone's average budget deficit in 2010 was 6.2% of GDP, compared to 6.4% in 2009.
Latvia's national debt was 44.7% of the country's GDP in 2010, which was the 11th lowest in the EU.
On the other hand, Estonia had the lowest national debt in 2010, which was 6.7% of GDP.
Greece registered the largest national debt in the EU last year – 144.9% of GDP, followed by Italy – 118% of GDP, and Belgium – 96.2% of GDP.