Cyprus records deficit of €800 million in Q2 due to Covid-19 impact
Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat).
The second quarter of 2020 included a full month of lockdown imposed as part of the measures to contain the spread of the coronavirus pandemic, while government spending increased in the context of measures to support the economy.
According to Cystat, on the basis of the preliminary data on the General Government accounts for April-June 2020, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted to €1,585.
(CNA)
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The second quarter of 2020 included a full month of lockdown imposed as part of the measures to contain the spread of the coronavirus pandemic, while government spending increased in the context of measures to support the economy.
According to Cystat, on the basis of the preliminary data on the General Government accounts for April-June 2020, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted to €1,585.
(CNA)
*The full text of the news item is available in the paid version of the CNA web service. Subscription Form
*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
from Cyprus News Agency
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