Eurozone budget deficit declined in 2022
The eurozone’s budget deficit declined in 2022, according to data published today by Eurostat, the European Union (EU) statistical agency.
The overall government deficit fell to 3.6% of GDP from 5.2% in 2021. Similarly, public debt declined to 91% of GDP from 94.8% over the same period.
The highest deficits were recorded in Italy (8%) and Malta (5.7%). In contrast, Cyprus and Ireland recorded a surplus – the former of 2.4% of GDP and the latter of 1.7%.
Regarding public debt levels, Greece
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