Eurostat: Romania ranks 5th in EU by government debt drop in Q3 2017

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Romania’s government debt accounted for 35.7 per cent of the GDP at the end of the third quarter of 2017, coming down from 36.3 per cent of the GDP recorded in the similar period in 2016, show data published by the European Statistical Office (Eurostat).

Compared with the 3rd quarter of 2016, three EU member states recorded increases in their government debt over July-September, as GDP percentage, while for 24 member states (including Romania) the government debt went down again, and in Latvia it remained stable.

The lowest level of the government debt as GDP percentage was recorded in the third quarter of last year in Estonia (8.9 per cent), Luxembourg (23.4 per cent), Bulgaria (25.6 per cent), the Czech Republic (35.1 per cent) and Romania (35.7 per cent), while the highest were recorded in Greece (177.4 per cent), Italy (134.1 per cent) and Portugal (130.8 per cent).

In the European Union, the government debt dropped from 82.9 per cent of the GDP in July-September 2016 down to 82.5 per cent of the GDP in the third quarter of 2017. In what the Eurozone is concerned, the government debt dropped from 89.7 per cent in July-September 2016 down to 88.1 per cent of the GDP in Q3 2017.