Portugal with the fourth highest deficit in the euro zone – publico

                 

                         
                     

                 

 
                         

The public deficit in Portugal (4.5%) was last year, the fourth highest among the countries of the euro area and may increase, said a statement released by Eurostat on Tuesday, if any impacts financial for the state from the sale of the New Bank.

                     

                         “Eurostat expressed a reservation due to the quality of information made available by Portugal relating to the capitalization of the New Bank,” the statistical arm of the European Commission, adding that the final impact of privatization will be accompanied by Eurostat in cooperation with the Portuguese statistical authorities . Depending on the fitting from the sale, may be seen “an increase in the government deficit,” says the note.

With a decline in the deficit by 0.3 percentage points to 4.5%, Portugal did not, for example, remains above the value calculated for Greece (3.5%) and Ireland (4.1%), two countries that were subject to external financial assistance.

For the whole euro zone, Eurostat reported a global deficit of 2.4% (half a percentage point less than in 2013), while for the whole of the European Union the imbalance of public accounts is 2.8%, down also face the value of 3.2% recorded in 2013.

Cyprus, with a deficit of 8.8%, Spain 5.8% and Croatia with 5.7% in the US are the countries with deficits high, and to highlight the fact that the French imbalance (4%) is higher than in Greece (3.5%).

On the other side of the accounts, are Denmark with a 1.2 surplus %, Germany 0.7%, and Estonia and Luxembourg with 0.6%.

The Eurostat also reports the level of debt of the states, with Estonia to reveal the lower ratio with a debt that amounts to only 10.6% of its gross domestic product (GDP). Here are Luxembourg (23.6%), Bulgaria (27.6%) and Romania (39.8%).

Greece is, according to the body of European statistics, the state- member with a higher level of debt (170.1%), followed by Italy (132.1%), Portugal (130.2%), Ireland (109.7%) and Cyprus (107.5%) .

Germany is the country with a higher volume of funds involved in other states finance transactions, with almost 70 billion euros committed, a chapter in which France takes over EUR 52 billion, Italy about 46 billion to 30 billion Spain and the Netherlands nearly 15 billion euros.