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Thursday, 22 April 2010

EUROSTAT: YOU NO CAN HAZ CHEEZBURGER

So here is it my friends, Eurostat's laconic report on EU Government spending and debt.

You can read it here.

Our deficit for 2009 is apparently 13.6% of GDP, give or take 0.3 to 0.5 percentage points. So if we're quite liberal our deficit could be between 13.1% and 14.1% of GDP.

Our debt is 115.1% of GDP, give or take 5 to 7 percentage points. So the range (as above) is 108.1% to 122.1% of GDP.

Eurostat notes:

Reservations on reported data



Greece: Eurostat is expressing a reservation on the quality of the data reported by Greece, due to uncertainties on the surplus of social security funds for 2009, on the classification of some public entities and on the recording of off-market swaps. Following completion of the investigations that Eurostat is undertaking on these issues in cooperation with the Greek Statistical Authorities, this could lead to a revision for the year 2009 of the order of 0.3 to 0.5 percentage points of GDP for the deficit and 5 to 7 percentage points of GDP for the debt.

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