Convergence Programme for 2020: Government debt estimate at 40.9 pct of GDP in end-year
Publicat:The share of gross government debt according to the European Union methodology will be 40.9 per cent of the GDP at the end of 2020, compared to 35.2 per cent in 2019, according to the Convergence Program for 2020 published by the Ministry of Public Finance ( MFP). "Given the contraction of the economy of about -1.9 per cent, a depreciation of the national currency against the euro, the main currency in which public debt is denominated and a deficit calculated according to the EU methodology of over 3 per cent of GDP, as a result of the effects of the spread of the SARS-CoV-2 coronavirus, we…
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