first_img(% of total debt)80.780.981.1 2018Q12018Q42019Q1 (% of GDP)81.680.080.7 Memo: Intergovernmental lending in the context of the financial crisis(million euro) 232 747 231 176 230 776 (% of total debt)16.316.115.8 Of which: Currency and deposits(million euro) 297 394 301 275 305 568 Government debt(million euro)9 853 2429 860 22910 010 173 Of which: Currency and deposits(million euro) 518 254 526 887 541 727 Debt securities(million euro)7 949 1137 976 1428 122 307 (% of total debt)3.03.13.1 Government debt(million euro)12 666 91812 716 31012 928 956 (% of total debt)14.314.213.9 (% of GDP)1.51.51.5 Loans(million euro)1 606 7361 582 8111 582 299 Loans(million euro)1 809 8691 808 9261 797 450 Debt securities(million euro)10 338 79710 380 49710 589 779 At the end of the first quarter of 2019, the government debt to GDP ratio in the euro area (EA19) stood at 85.9%, compared with 85.1% at the end of the fourth quarter of 2018.In the EU28, the ratio increased from 80.0% to 80.7%. However, compared with the first quarter of 2018, the government debt to GDP ratio fell in both the euro area (from 87.1% to 85.9%) and the EU28 (from 81.6% to 80.7%).At the end of the first quarter of 2019, debt securities accounted for 81.1% of euro area and for 81.9% of EU28 general government debt. Loans made up 15.8% and 13.9% respectively and currency and deposits represented 3.1% of euro area and 4.2% of EU28 government debt.Due to the involvement of EU Member States’ governments in financial assistance to certain Member States, quarterly data on intergovernmental lending (IGL) is also published. The share of IGL in GDP at the end of the first quarter of 2019 amounted to 2.0% in the euro area and to 1.5% in the EU28.These data are released by Eurostat, the statistical office of the European Union: (% of total debt)4.14.14.2 Memo: Intergovernmental lending in the context of the financial crisis(million euro) 236 435 234 782 234 535 (% of total debt)81.681.681.9 EU28 (% of GDP)87.185.185.9 SharePrint EA19 Government debt at the end of the first quarter 2019 by Member StateThe highest ratios of government debt to GDP at the end of the first quarter of 2019 were recorded in Greece (181.9%), Italy (134.0%), Portugal (123.0%), Belgium (105.1%) and Cyprus (105.0%) and the lowest in Estonia (8.1%), Bulgaria (21.2%) and Luxembourg (21.3%).Compared with the fourth quarter of 2018, twelve Member States registered an increase in their debt to GDP ratio at the end of the first quarter of 2019 and thirteen a decrease, while the ratio remained stable in Germany, Lithuania and Slovakia. The highest increases in the ratio were observed in Belgium (+3.1 percentage points – pp), Cyprus (+2.5 pp), Ireland (+2.0 pp) and Italy (+1.9 pp). The largest decreases were recorded in Sweden (-2.5 pp), Slovenia (-2.3 pp), the Netherlands, the United Kingdom (both -1.5 pp) and Bulgaria (-1.4 pp).Compared with the first quarter of 2018, five Member States registered an increase in their debt to GDP ratio at the end of the first quarter of 2019, twenty-one a decrease and Spain and the United Kingdom recorded no change. An increase in the ratio was recorded in Cyprus (+12.2 pp), Greece (+4.1 pp), Latvia (+1.7 pp), Italy (+1.0 pp) and France (+0.3 pp), while the largest decreases were recorded in Slovenia (-7.6 pp), Austria (-4.4 pp) and the Netherlands (-4.2 pp).WhatsApp (% of GDP)2.12.02.0 <a href=’http://revive.newsbook.com.mt/www/delivery/ck.php?n=ab2c8853&amp;cb={random}’ target=’_blank’><img src=’https://revive.newsbook.com.mt/www/delivery/avw.php?zoneid=97&amp;cb={random}&amp;n=ab2c8853&amp;ct0={clickurl_enc}’ border=’0′ alt=” /></a>last_img

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