Cyprus general government balance in January – April turns negative due to COVID-19

cyprus-general-government-balance-in-january-–-april-turns-negative-due-to-covid-19
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The Cyprus General Government generated a deficit of €73 million or 0.4% for the period of 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 €117.1 mn or 4.7% compared to the corresponding period of 2019 and amounted to €2,606.5 mn Social benefits increased by €46,2 mn or …

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