Tables from the SZU Proposal for 2020

Public administration in 2020, based on the results presented as of 1 April 2021 notified in the ESA 2010 methodology, managed a deficit of 5,608,766 thousand. EUR, which represents -6.2% of GDP. The original budget of the public administration from December 2019 assumed economic growth at the level of -0.49%. Due to the outbreak of the COVID-19 pandemic in the world, it was necessary to react to unfavorable economic developments and the need to ensure expenses for anti-pandemic measures. The amendment to the State Budget Act assumed a public administration deficit at the level of 11.6% of GDP. These tables are from the material “Proposal of the state final account for the year 2020“. Public administration debt as of December 31, 2020, based on the first notification of results in the ESA 2010 methodology, reached the amount of 55,180,557 thousand. euros, and in relation to the preliminarily calculated GDP, it reached 60.6%. Due to the expected expenses for the fight against the pandemic and lower public administration revenues, the public debt was expected to increase to the level of 62.2% of GDP. The collapse of the real economy according to the spring notification (data as of 1 April 2021) reached 5.2%. All components of GDP were affected, the drop in investments contributed the most to the decline. The predicted scenario of economic development from the half-year of 2020 during the processing of the amendment to the State Budget Act, which estimated a drop in GDP at the level of 9.8%, did not come true. Nominal GDP reached 91,104,836 thousand. EUR, which is 2,760,341 thousand euro less than in 2019.