Comparison of Fiscal Deficits in Several Countries in 2020

Dimas Jarot Bayu 24/09/2020 08:40 WIB

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Developed countries are projected to have larger fiscal deficits than developing countries in 2020.

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Fiscal Deficit Projection 2020

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The COVID-19 coronavirus pandemic is expected to cause many countries to experience fiscal deficits in 2020. Developed countries are projected to have larger fiscal deficits than developing countries on average.

For example, the United States is projected to have a fiscal deficit of -17.9% this year. Singapore and the United Kingdom are projected to have fiscal deficits of -13.5% and -13.8%, respectively.

Indonesia's Ministry of Finance projects a fiscal deficit of -6.3% in 2020. This projected deficit is significantly larger than the -2.1% deficit in the previous year.

Editor : Aria W. Yudhistira

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."