Rapporti di deficit degli stati membri dell’UE come percentuale del PIL
https://i.redd.it/d62mpmry6sof1.png
di SocialistWorldUnion
Rapporti di deficit degli stati membri dell’UE come percentuale del PIL
https://i.redd.it/d62mpmry6sof1.png
di SocialistWorldUnion
25 commenti
Danmark. Danmark. Danmark! Og Irland.
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.
Impressive by Portugal, and especially by Greece.
beautiful you can see the rearmament happening
My boy France enjoys highest tax-to-GDP ratio, while suffers this deficits. GG.
Green is Good.
How, Denmark? How??
Wow! So Greece runs a budget surplus?
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.
i always forget the uk will never be in these kind of maps again 🙁
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.
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.
The fixation with the number 3 made this graph way less informative than what it could have been
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.
Those central europeans keep spending their money on coffee and swinger parties.
They should learn to be thrifty, like Portugal and Greece.
(Waited almost 10 years to make that [joke](https://www.bbc.com/news/world-europe-39350113) lol)
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.
This is beyond useless
Bizarro World
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.
Another proof that Denmark is the best country in Europe.
~~p~~~~i~~**I**~~g~~**S**
As basically every major nation worldwide is going into at least 3% it kinda becomes the new zero for risk evaluaton for bonds.
Interesting to see how widespread high deficits are across the EU — looks less like an exception and more like the norm.
“Watcha doing with that surplus over there, Portugal”
“Nuffin, just chillin…raising public university tuitions maybe”
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?