Government reaches agreement on fifth supplementary budget proposal for 2020

Taking into account the increase of EUR 1,021 million in actual revenues and the reduction of EUR 234 million in appropriations proposed in the supplementary budget proposal, the fifth supplementary budget proposal for 2020 will reduce the central government’s net borrowing requirement by EUR 1.3 billion. The Government’s net borrowing in 2020 is expected to total about EUR 17.6 billion. The amount of Government debt at the end of 2020 is estimated to be approximately EUR 124 billion, which is around 52 per cent of gross domestic product (GDP).

The government’s press release >

, Updated 4.9.2020 at 13:15