{"id":73364,"date":"2021-04-23T04:04:52","date_gmt":"2021-04-23T02:04:52","guid":{"rendered":"https:\/\/zen-hopper.82-223-81-17.plesk.page\/2021\/04\/23\/spains-deficit-at-11-was-the-highest-in-the-eu-in-2020\/"},"modified":"2021-04-23T04:04:52","modified_gmt":"2021-04-23T02:04:52","slug":"spains-deficit-at-11-was-the-highest-in-the-eu-in-2020","status":"publish","type":"post","link":"https:\/\/thediplomatinspain.com\/en\/2021\/04\/23\/spains-deficit-at-11-was-the-highest-in-the-eu-in-2020\/","title":{"rendered":"Spain&#8217;s deficit, at 11%, was the highest in the EU in 2020"},"content":{"rendered":"<p>&nbsp;<\/p>\n<h6><strong>The Diplomat<\/strong><\/h6>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Spain, at 11% of GDP, was the EU country with the highest budget deficit in 2020,<\/strong> (up from 2.9% the previous year), as a result of the impact of the COVID-19 pandemic, according to data released yesterday by <strong>Eurostat<\/strong>, the EU&#8217;s statistical office.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>In addition, <strong>debt reached \u20ac1.34 trillion, representing 120% of GDP<\/strong> -the fourth highest percentage in the EU- when, in 2019, it had stood at 95.5%.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>All member states of the EU club recorded government deficits in 2020. After Spain came Malta (10.1%), Greece (9.7%), Italy (9.5%), Belgium (9.4%), France and Romania (9.2% in both countries), Austria (8.9%), Slovenia (8.4%), Hungary (8.1%), Croatia and Lithuania (7.4%) and Poland (7%).<\/p>\n<p>&nbsp;<\/p>\n<p>With the exception of Denmark, with 1.1%, all the EU partners had a public deficit above 3%, a figure above which the Stability and Growth Pact considers it excessive.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>In terms of public debt, the lowest ratio of public debt to GDP at the end of 2020 was in Estonia (18.2%), followed by Luxembourg (24.9%), Bulgaria (25%), the Czech Republic (38.1%) and Sweden (39.9%).<\/p>\n<p>&nbsp;<\/p>\n<p>A total of 14 Member States had public debt ratios above 60% of GDP, the highest, ahead of Spain: Greece (205.6%), Italy (155.8%) and Portugal (133.6%). Following Spain (120%) were Cyprus (118.2%), France (115.7%) and Belgium (114.1%).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spain, at 11% of GDP, was the EU country with the highest budget deficit in 2020, (up from 2.9% the previous year), as a result of the impact of the COVID-19 pandemic, according to data released yesterday by Eurostat, the EU&#8217;s statistical office.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[],"footnotes":""},"categories":[187],"tags":[],"class_list":["post-73364","post","type-post","status-publish","format-standard","hentry","category-in-brief"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spain&#039;s deficit, at 11%, was the highest in the EU in 2020 - 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