Deficit for 2010 put at 3.6% of GDP

The general government deficit for 2010 was estimated at €222.2 million, or 3.6 per cent of GDP, the National Statistics Office said yesterday. In 2009, the deficit stood at €216.7 million or 3.7 per cent of GDP. At the end of 2010, the general...

The general government deficit for 2010 was estimated at €222.2 million, or 3.6 per cent of GDP, the National Statistics Office said yesterday.

In 2009, the deficit stood at €216.7 million or 3.7 per cent of GDP.

At the end of 2010, the general government nominal gross consolidated debt amounted to €4,250.4 million, or 69 per cent of GDP, up from €3,954.0 million, or 67.8 per cent in 2009.

The NSO said that, since its previous report on government deficit and debt levels in accordance with European Council Regulations last March, the government’s 2010 deficit figure was revised downwards by €4.1 million “mainly as a result of an increase in other accounts receivable by €5.1 million partially outweighed by a higher deficit for local councils of €1.2 million”.

It said the government’s debt level for 2010 was revised upwards by €2.1 million “as a result of updated information in respect of extra budgetary units and local councils”.

Sign up to our free newsletters

Get the best updates straight to your inbox:

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.