Fiscal Council: Budget deficit could grow up to 4.8 of GDP in 2020
Publicat:The Fiscal Council (CF) estimates a probable level of the budget deficit for 2020 between 4.6 and 4.8 per cent of the GDP, over 6 per cent of the GDP in 2021 and over 7 per cent of the GDP in 2022, according to the opinion of the CF on the Law on the state budget and the Law on the social insurance budget for 2020. "Considering the information available at the moment, CF estimates a probable level of the budget deficit for 2020 between 4.6 and 4.8 per cent of the GDP. The deviation from the target of 3.6 per cent of the draft budget comes from: 0.45 percentage points (pp) of the GDP from the…
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