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), CNA reports.
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 rose in the context of measures to support the economy.
Based on 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.
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