• Covid-19: The coronavirus crisis has already triggered public debt by more than 30,000 million
  • Crisis: the INE confirms the historical collapse of the GDP: it fell 5.2% until March due to the Covid-19

The coronavirus crisis is going to cause extraordinarily negative situations in public accounts. All forecasts point this out and the data is already beginning to confirm this forcefully. The last: the state deficit soared in May to 2.88%, that is, more than the 2.8% reached by the set of Public Administrations in all of last year. In other words: that only one area of ​​the AAPP has already deviated more in five months than the group of them in the previous 12 .

"In the first five months of the year the State has registered a deficit of 32,251 million euros , which is equivalent to 2.88% of GDP," says the Ministry of Finance in the budget execution data that it published on Tuesday. In these same figures, it is also possible to see what the situation was in the same period last year and a new piece of information confirming the high level of the data: the same period last year the deviation was 15,556 million, which it is less than half .

And to all this it must still be added that, only in the month of April, the State itself presented a deviation of 1.78%, which is one point less than the May figure and some 10,000 million difference. Overwhelming data.

As for the set of Public Administrations, that is, the State itself plus the Communities, City Halls and Social Security, the deviation in April was 2.1%. The Treasury always offers both data (set of the AAPP and State) with a month of difference, but given the evolution of the State in the last month and the problems dragged by Social Security, the global figure in the first five months promises to be very remarkable .

According to the criteria of The Trust Project

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  • Coronavirus
  • Covid 19
  • Public deficit

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