Analytics, Budget, EU – Baltic States, Financial Services

International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 15:35

Estonia and Sweden were the only EU countries to have registered a budget surplus in 2010

Nina Kolyako, BC, Riga, 24.10.2011.Print version
Latvia's national budget deficit of 8.3% of gross domestic product in 2010 was the sixth highest deficit among all European Union member states, the EU statistical office Eurostat said. On the other hand, Estonia and Sweden were the only EU countries to have registered a budget surplus in 2010 – both 0.2% of GDP.

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.






Search site