Eurostat: Euro area government deficit at 7.2%, government debt at 98.0%, 5.8% and 118.2% for Cyprus

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In 2020, the government deficit of both the euro area and the EU increased significantly compared with 2019, as did the government debt, in the context of the measures undertaken in response to the COVID-19 pandemic, according to data released by Eurostat, the statistical service of the EU, on figures reported by EU Member States in the first notification in 2021, for the application of the excessive deficit procedure (EDP), based on the ESA 2010 system of national accounts.In the …

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