The Directorate General of the Budget (DGO) publishes this Friday a summary of the budget execution in the state accounts until November, after the state recorded a surplus of 6.215 million euros until October.
According to the latest DGO data, the balance recorded in October reflects an improvement of €3,494.1 million compared to the same period the previous year.
This was facilitated by the fact that income growth (8.9%) exceeded expenses growth (4.9%).
The improvement in earnings seen through October was driven primarily by the performance of tax revenues (up 9.1% year-on-year), with a focus on IRS, VAT and IRC, and tax revenues (up 11%). , whose productivity reflects the evolution of the labor market.
In terms of expenses, the 4.9% year-on-year increase was due to “increased expenses on transfers (4.4%), personnel costs (7.7%) and purchases of goods and services (6%),” the summary states. . budget execution.
The data published by the DGO are presented from a national accounting perspective, which is different from the national accounting published by the National Statistical Institute (INE) and taking into account Brussels.
Author: Lusa
Source: CM Jornal
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