Saturday, October 25, 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:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

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.