Friday, December 19, 2014   

Europe sees better government finances in 2013
(04-23 18:34)

Official figures show that governments across the 28-country European Union recorded lower budget deficits in 2013 amid lower spending and an economic recovery that shored up revenues.
Eurostat, the EU's statistics agency, said Wednesday that budget deficits across the 18-nation eurozone fell from 3.7 percent of annual gross domestic product in 2012 to 3 percent last year.
For the entire EU, which includes members like Britain that don't use the euro currency, the agency says deficits shrunk from 3.9 percent to 3.3 percent.
The data show the EU's debt burden continued to rise last year, albeit slowly. Debt in the eurozone rose from 90.7 percent to 92.6 percent of GDP last year, or 8.9 trillion euros.
The United States' debt amounts to about 105 percent of GDP. --AP   
Other Business breaking news:
UK retail sales surge thanks to 'Black Friday' (12-18 18:31)
Cautious Japanese firms holding record assets: BoJ (12-18 17:24)
German business confidence grows in December (12-18 17:23)
Swiss central bank introduces negative interest rate (12-18 17:03)
Hang Seng finishes higher, Shanghai down (12-18 16:35)
Ruble rallies in early trading on day of Putin press conference (12-18 15:42)
Nikkei soars on weaker yen (12-18 14:59)
Hang Seng up by lunch (12-18 12:35)
Fed says can be 'patient' on rate rise (12-18 12:11)
China's home prices continue to cool, declines narrowing (12-18 12:09)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.