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🏠 Home › MCQs › International Current Affairs › Question

What is the maximum permitted annual government deficit as a percentage of GDP for Eurozone entry under the Maastricht criteria?

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By The Quiz Wire

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Published 06 Jan 2026

A. 1.5%

B. 5% (or 3% for developing nations)

C. 3%

D. 60%

💡 Explanation:

The Maastricht convergence criteria (or Euro convergence criteria) require EU member states seeking to adopt the Euro to meet four main conditions. The fiscal criterion includes two parts: a government deficit limited to 3% of Gross Domestic Product (GDP), and a government debt limited to 60% of GDP.

📚 Topics: International Current Affairs

🎯 Exams: CSS GEN PMS UK_CS US_COMP

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