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FinMin Citu says economic crisis incurs half of Romania's 2020 general gov't deficit

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Half of Romania's 2020 general government deficit represents the cost of the economic crisis, and the cost has two components: an increase in unforeseen expenditures, such as healthcare spending, social assistance and a significant reduction in revenues against initial projections, said Tuesday. "In 2020, half of the government deficit is incurred by the cost of the economic crisis. Let it be clearer to everyone: half. And the cost has two components: an increase in unforeseen expenditures (healthcare spending, social assistance, etc.) and a significant reduction…

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