During the worst of the COVID-19 pandemic, government expenditure was characterised by a substantial increase in costs for the economy and health. Social expenditure remained the highest in 2020.
The largest expenditure in the social sector was pensions, wherein costs reach up to a billion in euros. The second largest expenditure of €626.3 million was for financial aid given to families and businesses during the pandemic.
Slightly more than half a billion euros were spent on hospitals. This was revealed by official digits published by the National Statistics Office (NSO) in a review of public finances for 2020.
The government spent around €946 million and a half in public finances when compared to the previous year at around €6,002 million.
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