The Eurozone government deficit ratio declined in 2014, while government debt increased from last year, Eurostat reported Tuesday.
The government deficit to GDP ratio fell to 2.4 percent in 2014 from 2.9 percent in 2013. Meanwhile, the government debt to GDP ratio increased to 91.9 percent from 90.9 percent a year ago.
Government expenditure was equivalent to 49 percent of GDP and government revenue to 46.6 percent.
In 2014, Denmark, Germany, Estonia and Luxembourg registered a government surplus, and the lowest government deficits in percentage of GDP were recorded in Lithuania, Latvia and Romania.
Estonia showed the lowest ratio of government debt to GDP. About 16 member states of EU posted debt ratios higher than 60 percent of GDP in 2014, with the highest in Greece, at 177.1 percent.
The EU28 government deficit to GDP ratio dipped to 2.9 percent from 3.2 percent and government debt to GDP increased to 86.8 percent from 85.5 percent.
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