The EUR 3.87 billion deficit last year represents a EUR 4.07 billion change compared to 2019, when a surplus was recorded.
The central government sub-sector generated a deficit of EUR 3.96 billion and the other two sectors - local government and social security funds - generated surpluses of EUR 83 million and EUR 8 million, respectively.
Total revenue of the general government sector was down by 4.6% compared to 2019, mainly due to lower tax revenue. Taxes on production and imports decreased by 9.8%, and current taxes on income and property by 9.4%.
Total expenditure meanwhile increased by 14.8%, the main reason being expenditure related to the measures to mitigate the consequences of the coronavirus epidemic.
Subsidies rose by over 400%, while social benefits in cash were up by 10.3%.
At the end of 2020, the gross debt of the general government sector amounted to EUR 37.43 billion or 80.8% of GDP. Year-on-year, it increased by EUR 5.68 billion or 15.2 percentage points of GDP.