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Athens News Agency: News in English, 10-04-22

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Greek fiscal deficit revised upwards

  • [01] Greek fiscal deficit revised upwards

    Brussels (ANA-MPA/M. Aroni) -- Greece's fiscal deficit totalled 13.6 pct of GDP while the country's public debt stood at 115.1 pct of GDP in 2009, Eurostat said on Thursday. The EU executive's statistics agency, in a report on the fiscal data of the EU-27, said Greece's fiscal deficit was 7.7 pct of GDP in 2008 and its pubic debt at 99.2 pct of GDP.

    Eurostat said there were reservations over the quality of data published by Greece, because of uncertainties over the surpluses of pension funds in 2009 and said the country's fiscal deficit could be revised upwards by 0.3-0.5 pct of GDP and the public debt also by 5-7 pct of GDP for 2009, after completion of an examination over Greek statistics currently made by Eurostat in cooperation with Greek authorities.

    Eurostat said the EU-27 fiscal deficit totalled 6.8 pct of GDP in 2009, up from 2.3 pct in 2008, while in the Eurozone the fiscal deficit was 6.3 pct of GDP from 2.0 pct over the same period, respectively. The public debt rose to 73.6 pct of GDP in 2009, from 61.6 pct in 2008 (EU-27) and from 69.4 pct in 2008 to 78.7 pct of GDP in 2009 (Eurozone).

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