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The private sector moved into surplus, but this was matched by a public sector deficit of 10% of GDP.
At the same time, the public sector deficit has exploded, peaking at an almost 11% of GDP in 2009.
Germany's public sector deficit came in at 3.5 percent of G.D.P., a touch higher than expected and compared to 3 percent in 2009.
Fact: The Unites States public sector deficit stands at 10 percent of G.D.P. compared with 4 percent in the euro zone.
"In the first semester of 2012 the state sector deficit dropped to 29.1 billion euros, from 43.9 billion euros a year earlier.
This gives the lie to the central claim of government policy – that all these cuts are necessary to reduce the public sector deficit.
Similar(30)
The non-financial public-sector deficit is widening.
But a truer index of India's long-term economic health is its public-sector deficit.
As a block, it is less indebted than America and its public-sector deficit is lower.
Between 1994 and 1997, the public-sector deficit tumbled from 6% of GDP to 2.5%.
The rupee is up against the dollar since August of last year and the public-sector deficit is falling.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com