Gouvernement Princier de Monaco

Focus : Public Finances 2020

Couverture Focus Finances publiques 2020

Public finances are managed through the State Budget and the Constitutional Reserve Fund (CRF). Due to the COVID-19 health crisis and despite an increase in revenue, the final 2020 budget included excess expenditure and showed a deficit of €103.2 million. This follows eight consecutive years of budget surpluses (from 2012 to 2019).

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