Finland the indebtedness of the public finances was stronger last year than in any other member state of the European Union, according to the data published by Eurostat on Monday.
At the end of last year, the debt of Finland's public finances was 210.5 billion euros, or 75.8 percent of the gross domestic product. The debt ratio grew by 2.3 percentage points from the previous year, which was more than in any other member state.
The government announced its proposal last week, according to which the public finances will be balanced next year with spending cuts of around 1.4 billion euros and tax cuts of 1.4 billion euros.
Public debt means the debt of public entities to other sectors of the national economy and to foreign countries.
Finland after the debt ratio increased by 1.8 percentage points in Latvia, 1.3 percentage points in Romania, 1.1 percentage points in Estonia, and 0.9 percent in both Luxembourg and Belgium.
Overall, the combined debt ratio of EU member states shrank by 1.7 percentage points to 81.7 percent last year. The debt ratio of the euro countries decreased by 2.3 percentage points to 88.6 percent.
The heaviest last year, the indebted euro states were Greece, Italy, France, Spain and Belgium.
In Greece the debt ratio was 161.9 percent, in Italy 137.3 percent, in France 110.6 percent, in Spain 107.7 percent and in Belgium 105.2 percent.
However, in Portugal the debt ratio decreased by 8.4 percentage points last year, in Greece by 3.7 percentage points, in Belgium by 2.4 percentage points, in Spain by 2.1 percentage points and in France by 1.4 percentage points.
The lowest debt ratio was in Estonia at the end of last year, where it was 19.6 percent.
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