Spain's 2020 budget deficit to widen significantly but temporarily

Spain's 2020 budget deficit to widen significantly but temporarily
  • Country:
  • Spain

Spain's 2020 budget deficit will widen "significantly but temporarily" as a result of the measures taken to halt the spread of coronavirus, Social Security Minister Jose Luis Escriva said at a news conference on Thursday.

Speaking at the same conference, Labour Minister Yolanda Diaz said 2.3 million people are currently receiving unemployment benefits, costing the state around 1.22 billion euros ($1.33 billion) a month. ($1 = 0.9146 euros)

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