In this way, last month it produced a year-on-year increase in total revenue of 104.6%, while the primary spending did so by 56.7% and the total by 49.5%.
In real terms (net of year-on-year inflation) the income evidenced a 8.8% improvement and the expenses registered falls of 16.7% in the primary and of the 20.5% in totals.
Consequently, the primary deficit had a contraction of 89.3% compared to October 2021 (94.3% in real terms) and the financial one of 74.4% (86.4% real).
As usual, the the bulk of the income corresponded to the tributaries (one trillion 344.842 million pesos), with a nominal increase of 104% and real of 8.5%while those of capital ($3,497 million) although they continued with a secondary participation, they were the variable with the higher year-on-year percentage variation, with an increase of 6,808.6% (3,574.1% real).
Between the billsthe cut in economic subsidies was the determining factor for the overall real declinesince with $158,202 million closed October with a nominal increase of 19.5% and a real fall of 36.5%.
In detail by item, the energy subsidies ($108,332 million) had a nominal increase of 29.7% and a real decrease of 31%those intended for Transportation ($36,551 million) grew 77% in nominal terms and fell 5.9% at constant values, the derived from the Pre-Travel program ($4,522 million) reflected decreases of 33.6% and 64.7%respectively, while the rest of the transfers ($8,797 million) descended relative to October 2021 levels a 58.9% nominal and 78.1% real.
The social benefits amounted to $817,994 million and registered an increase of 73.1%which deducting inflation became a drop of 7.9%, while the personnel spending ($151,939 million) grew 87.4% which in real terms was a 0.3% cut.
With the October results, the accumulated primary deficit in the first ten months of the year stood at one billion 733.787 million, with a nominal year-on-year increase of 103.9% and real increase of 21.9%while the financial was 2 trillion 698.430 million, evidencing a rise of 83.5% at current values and 9.7% in constant terms.
Between January and October, the Total revenue of the National Public Administration were 10 trillion 324.859 million pesos, with a year-on-year rise of 59.4% and a real fall of 4.7%largely because in the base comparison of 2021 extraordinary resources such as those of the Solidarity Contribution and Special Drawing Rights (DEG) distributed by the International Monetary Fund (IMF).
For their part, the primary expenses amounted to 12 trillion 58.646 million pesos (64.6% nominal and -1.6% real) and the totals to 13 trillion 23.289 million (63.9% and -2.1%, respectively).
The contrast between the numbers for October and the accumulated figures for the whole year reflects a greater fiscal regulation implemented as of July and with greater intensity in August, unlike what happened in the first semester, during which the increases in expenses were higher than inflation in all months.
Source: Ambito
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