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Government budget deficit was 4.5% of GDP in 2020

Provisional results published April 21 by the Central Statistical Bureau (CSB) show that in 2020 general government budget deficit accounted for EUR 1.3 billion or 4.5 % of the Gross Domestic Product (GDP).

General government consolidated gross debt amounted to EUR 12.7 billion or 43.5 % of the GDP.

General Government Budget Deficit or Surplus and Debt

 

2017

2018

2019

2020

Budget deficit (-) / Surplus (+), million EUR

General government

-210.8

-234.0

-171.7

-1,326.6

Central government

-227.2

-288.7

-648.7

-1,420.8

Local governments

-74.1

-191.5

186.8

-38.4

Social security fund

90.5

246.2

290.2

132.6

General government budget deficit as % of GDP

-0.8

-0.8

-0.6

-4.5

Consolidated gross debt at nominal value at the end of the year, million EUR

 

 

 

 

General government

10 518.7

10 815.6

11 246.6

12 749.9

Central government

10 530.7

11 039.9

11 885.2

13 593.6

Local governments

1 738.4

1 926.9

2 023.4

2 100.5

General government consolidated gross debt

at nominal value at the end of the year as % of GDP

39.0

37.1

37.0

43.5

Under the impact of Covid-19 pandemic in 2020 general government revenues, compared to 2019, reduced by 0.4 % and comprised EUR 11.5 billion, but expenditure – increased by 9.5 % and reached EUR 12.7 billion, of which EUR 0.8 billion were expenditure on Covid-19 support measures for the national economy.

You can read the full report on the official statistics portal.

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