Global fiscal balance after coronavirus 2018-2020, by economic group

For 2020, the coronavirus outbreak has increased expenditures and caused the projected overall fiscal balance of the advanced economy nations to come to a deficit of 16.6 percent of the collective GDP. Measuring the balance as a percent of GDP shows a nations ability to meet its financial needs. A negative value shows that a country's expenditures will outnumber its revenues, creating a deficit. The 2020 deficit projection for advanced economies is the highest of any economic category, despite having the lowest deficit value for 2019 at 3.3 percent of GDP.