The government deficit has more than doubled in the first three months as the country feels the pinch of the COVID-19 pandemic, figures out today show.
The deficit in government’s consolidated fund by the end of March stood at €312.5 million, the National Statistics Office said. During the same period last year, the country reported a deficit of €134.2 million.
An increase in expenditure, coupled with a reduction in revenue of €88.9 million, were the main drivers for the higher deficit.
Source: MaltaToday
Updated: 15:15
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