Cyprus’ general government balance in Jan–Apr turns negative due to Covid-19

Click For Larger Image & Read More
Cyprus’ general government balance in Jan–Apr...
 © CyprusMail 2020
THE Cyprus General Government generated a deficit of €73 million or 0.4 per cent for the period January – April 2020, reflecting the adverse consequences of the coronavirus outbreak and the lockdown measures to curb the spread of the disease.

According to preliminary data published by the Cyprus Statistical Service, total expenditure for the four months of 2020 rose by €117.1m or 4.7 per cent compared to the corresponding period of 2019 and amounted to €2.60bn. Social benefits increased by €46.2m or 5.6 per cent to €869.7 m from €823.5m in the...


Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 29-5-2020

Cyprus’ general government balance in Jan–Apr turns negative due to Covid-19


The contents of this article including any associated images are © CyprusMail 2020
Views & opinions expressed in this article are those of the author and/or CyprusMail .

Advertise Here

  Trending Cyprus News

Advertise Here

Article Tags: cyprus, general, government, balance, turns, negative, covid,