According to the detailed data on the progress of the state budget in the first five months of 2020 provided by the Ministry of Finance, there will be a significant decline in government revenues from VAT and Special Consumption Taxes, due to the economic crisis caused by Covid-19.

Between January and May, the deficit jumped to 7.5 billion euros, about 5 billion euros higher than the target.

Tax revenues recorded a lag of 2 billion euros, the VAT receipts recorded a lag of 1.1 billion euros, while public spending increased by 2 billion euros from the target.

According to the same data, the net income amounted to 16,029 billion euros, showing a decrease of 2,712 billion euros or 14.5% compared to the target included in the report of the 2020 Budget.