Economic Buzz: Eurozone Government Deficit Narrows In 2017

Eurozone government deficit narrowed to 0.9 percent in 2017 from 1.5 percent in 2016, data published by Eurostat showed Monday. The government deficit totaled EUR 98.92 billion compared to EUR 159.01 billion last year. In the EU28, the deficit to GDP dropped to 1 percent from 1.6 percent in the prior year. Germany logged a budget surplus of 1.3 percent of GDP. Meanwhile, France registered a deficit of 2.6 percent of GDP. In Italy, the shortfall was 2.3 percent of GDP.