Budget deficit 1.9% of GDP last year says Eurostat

| Sun, 04/20/2008 - 03:08

Italy ended 2007 with a deficit/GDP ratio of 1.9% and a public debt/GDP ratio of 104%, Eurostat said Friday, confirming Italian data.

The Eurostat figures were the same as those recently issued by both the Bank of Italy and the Italian statistics institute Istat.

Italy has the highest debt in the European Union and the third highest in the world behind Japan and the United States.

Belgium is second in the EU with 84.9% followed by Hungary with 66%, Germany with 65%, France with 64.2%, Portugal with 63.6% and Malta with 62.6%, Eurostat said.

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