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    Defizitverhältnisse der EU-Member-Staaten als Prozent des BIP
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    Defizitverhältnisse der EU-Member-Staaten als Prozent des BIP

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    2. SocialistWorldUnion on

      The countries with the highest deficit spending where Romania (-9.3%), Poland (-6.6 %) and France (-5.8 %), while the coutries with the highest surplus have been Denmark (4.5), Ireland and Cyprus (both 4.3 %). 3 % of the GDP has been chosen as threshold because according to the Maastricht Treaty, parties should avoid deficit spending above 3.0 % of GDP.

    5. ericDXwow on

      My boy France enjoys highest tax-to-GDP ratio, while suffers this deficits. GG.

    9. Ch1mpy on

      Sweden has a regulation that stipulates that over the course of an economic cycle the government budget must have a surplus of 1% (överskottsmålet).

      Since the debt to gdp ratio is so low, most political parties have agreed to abandon this policy. In 2027 it will be replaced with a balance target over the length of an economic cycle.

    10. Dizzy-Requirement495 on

      i always forget the uk will never be in these kind of maps again 🙁

    11. Cherry_Kiss2 on

      Crazy how almost the entire EU is drowning in red. Makes you wonder how sustainable the current fiscal policies really are when only a handful of countries can keep deficits under control.

    12. ChuckCoolrizz on

      You’re complaining that the Polish government can’t give out free money forever before it starts cannibalizing other systems like universal healthcare? You just earned another 8 years of PiS for back talk.

    13. Veganwisedog on

      The fixation with the number 3 made this graph way less informative than what it could have been

    14. user3170 on

      Bulgaria’s budget says 3% but it’s a fantasy, the deficit will be way above it at the end of the year.

    16. afops on

      Doesn’t this sort of balance with existing national debt? If you have a huge debt you wouldn’t afford to do deficit spending in bad times (which is likely the right thing to do). If you have a small national debt (or everyone owes you money like one country) then deficit spending could be a reasonable strategy.

      I imagine a lot of this 3% is down to ”unexpected military support and investment” these last years too.

      Except for France who just seem unable to balance a budget.

    18. OrangeTheFruit4200 on

      Wtf happened that Germany now has a deficit and Greece now has a surplus? This timeline is weird.

    19. Slobberinho on

      Tip of the hat to Greece. Been to hell and back, worse than it should’ve been ideally. But despite it all, you seem to be back on track on a state level. I hope the average Greek can start to see the results in the coming years, you deserve it.

    22. Careless-Pin-2852 on

      I am always ragging on Irish defense spending.

      Ireland is a tax an IP storage haven the economy depends on the existing global order yet they spend less than 1% on GDP.

      30 years ago Ireland was poor and you could maybe justify it but they are above the European average now.

    25. Due_Professional_894 on

      I really, wish you would include the U.K in these things. Only joking. I’m not American.

    26. vergorli on

      As basically every major nation worldwide is going into at least 3% it kinda becomes the new zero for risk evaluaton for bonds.

    27. Juicy_Lips5 on

      Interesting to see how widespread high deficits are across the EU — looks less like an exception and more like the norm.

    28. MiguelIstNeugierig on

      „Watcha doing with that surplus over there, Portugal“

      „Nuffin, just chillin…raising public university tuitions maybe“

    29. DanIvvy on

      Hot take – deficits don’t matter, taxes don’t matter, all that ultimately matters is how much governments spend. When they spend you take the suffering in taxes, inflation or debt. Each of those is a form of deadweight loss in some way (some more efficient than others) but ultimately, you have to pay the piper.

      Anyone seen what % of France’s economy is government?

    33. Candy_Shop3 on

      The fact that only a handful of EU countries are in green shows how widespread deficit spending has become.

    34. fiendishrabbit on

      There are 5 EU states that have state debt above of GDP. Greece is one of them (something like 160% of GDP). Portugal is close to 100%, at something like 98% of GDP.

      The other four are Italy, France, Spain and Belgium. Those 4 are racking up even more debt right now…which isn’t good for them. But for most of EU the state debt is generally below 60% of GDP. Which basically means you’re greenlit to run a deficit in times of crisis.

      Out of the remaining countries Austria, Finland and Hungary are the countries that probably should apply the debt brake as soon as possible (due to the size of their debt), but in the case of Finland they have a 1350km long border with Russia so they kind of have to.

      Financially conservative Germany is of course feeling very fiscally adventurous right now (and semi-panicking over it) because they have a state debt of 60% of GDP and are still operating at a deficit (which is kind of a first in the history of unified Germany).

      P.S: For reference. the US debt as a percentage of GDP is 123%, a debt percentage only matched/exceeded by Italy and Greece.

    35. CherrryGuy on

      Couldn’t they choose better intervals? It’s all just a big red orange blub. Doesn’t say much.

    36. monkeylovesnanas on

      I am struggling to understand Ireland and it’s inflated GDP with respect to this survey.

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