The budget deficit of Andorra is expected to be 23,295,745 euros in 2020

The budget deficit of Andorra is expected to be 23,295,745 euros in 2020

Last Thursday morning Finance minister Eric Jover delivered the budget bill projection to the general syndicate, Roser Suñé. The document envisages revenues of 447,057,772 euros and expenses of 470,353,517 euros and an initial deficit of 23,295,745 euros.

The Budget Bill for 2020, approved by the Council of Ministers, follows the forecasts of the budgeting framework that will also enter today the syndicate with the favourable report of the Tribunal de Comptes. The Government hopes that the initial deficit of the budget project will end at the time of liquidation in light surplus. For this reason, it is estimated that the overall government debt will decreases from 33.7% in 2020 to 29.9% in 2023, far from the 40% maximum marked by the Law of the sustainability of public finances and budgetary and fiscal stability.

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