6:53 23 April 2019
Post by: WBJ

Deficit at 1.8%, debt at 49% in 2019 – Moody’s

Deficit at 1.8%, debt at 49% in 2019 – Moody’s

General government deficit will rise to 1.8 percent in 2019 from the historic low of 0.4 percent last year, and will increase even further to 2.6 percent in 2020, according to Moody’s, mainly due to the social benefits package unveiled in February of this year.

Public debt is expected to remain at 49 percent in 2019. Last year it fell below the 50 percent threshold for the first time since 2009, due to strong GDP growth and more effective tax collection.



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