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Government deficit/surplus, under the EDP
% of GDP
|Euro Area 19||-3.1||-2.5||-2.0||-1.6||-1.0||-0.5|
The government deficit/surplus is the net borrowing/net lending (B.9) of general government as defined in the ESA 2010 (The European System of accounts 2010). It is the difference between the revenue and the expenditure of the general government sector. The concepts for EDP statistics are explained in Council Regulation (EC) N° 479/2009, as amended and Regulation (EU) No 549/2013 of the European Parliament and of the Council (ESA 2010) and subsequent legal amendments.
According to the Article 126(2) of the Treaty on the Functioning of the European Union, the deficit must not exceed 3% of GDP.
Source: Eurostat, Government statistics.