About: http://data.cimple.eu/news-article/58681b3bca768715023be459c2bc10bfa5122c2187bf6fb3ccd9a025

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rdf:type	schema:NewsArticle
schema:articleBody	Spain's budget deficit widened to its highest level in 11 years in 2020 as the pandemic battered its economy, the government said Monday. Spain is one of the worst-hit countries in Europe by the coronavirus crisis, which has left 75,000 people dead in the country and caused the economy to sink by 11 percent last year. The country's public deficit soared to 10.1 percent of output last year, compared to 2.9 percent in 2019. "The increase in public spending to fight the pandemic, combined with social measures to help families, workers and businesses are the main reasons for this increase," the budget ministry said in a statement. The ministry said 85 percent of the increase in public spending in 2020 was due to "measures adopted expressly to mitigate the socioeconomic effects of the pandemic". These include a furlough scheme for people laid off from their jobs because of the pandemic which was recently extended until May, and financial aid for self-employed workers. The government's budget for this year includes record spending on health and social care, and a hike in infrastructure investment, aimed at supporting an economic recovery following a steep recession due to the pandemic. But the deficit is less than the government's target for the year, and below forecasts of the European Commission and the International Monetary Fundy. bur-mig/ds/lth
schema:headline	Pandemic pushed Spain's deficit to 11-year high in 2020
schema:mentions	Furlough European Commission Deficit spending Recession Spain European Union Pandemic Severe acute respiratory syndrome coronavirus 2 Socioeconomics
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-29 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	76 (xsd:integer)

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