Fiscal Council estimates probable level of budget deficit of 9.8% for 2020
Publicat:The Fiscal Council (CF) estimates a probable level of the budget deficit for 2020, according to the cash methodology, around 9.8% of GDP, by 0.7 percentage points above the estimate of the Ministry of Public Finance (MFP), according to the opinion of the institution regarding the third revision of the general consolidated budget for 2020, according to AGERPRES.
The document states that the second wave of the pandemic interrupts / slows the recovery of economies in the fourth quarter of this year. The European Union is witnessing a W-shaped evolution of economies due to a probable economic…
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