Monday, June 10, 2013

Which countries are running the largest government deficits?

The OECD recently updated its 2013 projection of government deficits for the countries they track. The latest results show Japan running by far the largest fiscal deficit, the UK is number 4 on the list, and the US is number 9 (out of total of 37). Here is the full list which includes a few surprises.

Source: OECD

And the chart below shows how those deficits changed from 2012 (negative numbers indicate an increase in deficit or a reduction in surplus). Greece is the most improved (assuming the OECD numbers are correct), while Slovenia's deficit worsened the most.

Source: OECD
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