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    Belgian national debt falls below 110% in second quarter

    ©Belga
    ©Belga

    The national debt in Belgium fell below 110% of GDP in the second quarter of 2015, to reach 109.2%, after a peak at 110.7% in the first quarter of this year. Within the Euro-zone, Belgium has the 5th largest debt, behind Greece (167.8%), Italy (136%), Portugal (128.7%), and Cyprus (109.7%), points out the European Statistics Office Eurostat on Friday.

    The ratio of national debt to GDP was at 92.2% in the Euro-zone at the end of the second quarter, against 92.7% at the end of the first quarter. The ration decreased within the EU28 group as well, from 88.1% to 87.8%.

    Compared to the second quarter of 2014, the national debt to GDP ratio fell in the Euro-zone (from 92.7% to 92.2%) and grew in the EU28 group (from 87.3% to 87.8%), adds Eurostat.

    Eurostat also explains that the best performers as far as national debt is concerned are Estonia (9.9%), Luxemburg (21.9%) and Bulgaria (28.3%).

    Christopher Vincent (Source: Belga)