The average budget deficit in the EU stood at 0.6% of GDP in 2018, with Cyprus as the only member of the bloc who broke the European Union's 3% target for a maximum budget deficit.
Cyprus had the highest deficit ratio in the EU last year at 4.8% of GDP and fourth widest government debt ratio at 102.5% of GDP. The country’s debt is estimated at €21.258 billion and its government deficit now stands at -€990 million, with revenues at 39.9% and overall expenditures at 44.7% of GDP.
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