The General Budget Office (DGO) released on Tuesday a summary of budget execution through June, after a €411 million deficit in government accounts was recorded in May, an improvement of €5,183 million from last year. Euro.
The improvement in the fiscal balance, year-on-year, was largely justified by the dynamism of economic activity and the labor market, as well as lower costs related to Covid-19 prevention and control measures.
Until May, revenue grew (+15.9%) compared to 2021, while expenses recorded a residual decline (-0.5%).
Government tax revenue increased by 21.0% to May compared to the same period last year and amounted to EUR 17,545.5 million through VAT and IRC.
On the spending side, the Treasury Department, in a routine statement that precedes the DGO data, says spending on the National Health Service (SNS) has increased by 64% year-on-year.
On the other hand, public administration payroll spending increased by 3.1% year-on-year, with a focus on “social media payroll dynamics (+4.9%) and non-tertiary education teaching staff (+3%), reflecting an increase in the number of employees, wage increases and wage increases.”
Author: Lusa
Source: CM Jornal
