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Public finances will be hit hard

23.03.2020

If the current measures, such as closed stores and restaurants, are in place for one month, a negative impact on public finances would be €1.9bn, or 2% of GDP. If they are in place for three months, the impact will be €5.2bn (5.9% of GDP), predicts RRZ. Tax and payroll levy revenue will fall and spending on social benefits and healthcare will rise. EU money could compensate for the shortfall―the union has already allocated €2.5bn and promised flexible re-allocation of existing EU funds.

 

(webnoviny.sk)

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Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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