After a balanced position in 2008, the general government budget turned negative in 2009, reaching -3.2% of GDP in the wake of the global economic crisis due to lower revenue and higher expenditure linked to the downturn as well as stimulus measures adopted in line with the EERP.
After a balanced position in 2008, the general government budget turned negative in 2009, reaching -3.3% of GDP in the wake of the global economic crisis due to lower revenue and higher expenditure linked to the downturn as well as stimulus measures adopted in line with the EERP.