The expenditures in retirement and pensionswhich represent almost 40% of total spending, showed a year-on-year increase of 5.2%.
In parallel, the capital investment and in “social inclusion and support” (AUH, Family Allowances, Food Card, Empower Work, Progresar, etc.), had rises of 11% and 5.9%, respectively. Between both items they accounted for almost 35% of total spending.
On the other hand, disbursements in energy subsidies they skyrocketed 350% and explained more than 10% of the total.
Parallel, revenues climbed 9.1% actual in the first quarter. They particularly highlighted the increases in taxes linked to the Social Security (+8.7%) and in VAT (4.4%).
“This real growth occurs in comparison to the income level of the first quarter of 2021, a period in which there was a strong increase in taxes on foreign trade. This extraordinary behavior was mainly caused by the postponement of exports for the month of December 2020, due to of port force measures, which generated an increase in affidavits in January 2021”, they clarified from Economy.
It is worth remembering that the deficit goal stipulated in the agreement with the IMF was $222,264 million. In this way, the objective was overachieved.
Source: Ambito
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