Economy

Budget agreement: “The war in Ukraine will have a greater impact on our economy than the pandemic”

Budget agreement: “The war in Ukraine will have a greater impact on our economy than the pandemic”
Written by on100dayloans

Finding a budgetary agreement is always a delicate exercise. The war in Ukraine, combined with the health crisis, does not facilitate the task of the government, which is counting on additional costs of more than 2 billion euros.

In its budget, the government must take into account four crises: the health crisis, the energy crisis, the war in Ukraine and inflation which continues to increase. The various successive crises have had major consequences on public finances. After controlling and incorporating all crisis-related and other necessary expenditure, the balance is around -20.7 billion euros or around 3.8% of GDP. This is a deterioration of 4.3 billion euros compared to the figures of the monitoring committee.

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