Macroeconomy/Finance

The 2020 Budget foresees a fiscal deficit of more than 10% of GDP

The economic depression generated by the extensive quarantine triggered originally expected expenditures by 18%, and reduced the resource forecast by 20%, according to the bill sent by the government to Congress. A total projected deficit of 10% of GDP emerges. It would mean the most profound imbalance in 45 years.

Source: Infobae

Categories: Macroeconomy/Finance