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State budget balance improves and reaches EUR 2,013 million in January

In January, the state registered a budget balance of 2,013 million euros, an increase of 184 million euros compared to the same month last year, the Ministry of Finance announced on Tuesday.

“Public administrations recorded a budget balance of 2013 million euros in January 2023 in terms of public accounting, with an improvement of 184 million euros compared to the same month in 2022,” the ministry, led by Fernando Medina, said in a statement. .

This result was supported by a 6.2% increase in revenues and a 5% increase in actual expenses.

In turn, primary expenses, excluding interest, increased by 4.5% compared to January 2022.

Excluding the impact of COVID-19 measures and the geopolitical shock, primary spending increased 8.2% year-on-year and 18.2% year-on-year.

According to the same note, personnel costs increased by 6.6% in the reporting month.

As clarified by the executive body, this amount relates primarily to wages, with the renewal of the salaries of employees of the state administration and with an increase in the guaranteed minimum monthly remuneration.

The National Health Service – SNS (+13%), as well as PSP and GNR (+7.8%) stand out in particular.

Purchases of goods and services rose to 15.9%, “reflecting growth in social media and local government spending.”

Specifically, the year-on-year impact of the SNA was 12.4% and 29.4% compared to 2019, including complementary diagnostics and treatments (9%), the proportion of products sold in pharmacies (8.9%), and the structure spending Local administration (23%).

Excluding emergency measures, spending on the purchase of goods and services increased by 19.4% in January.

“Payment arrears in EPE hospitals at the beginning of the year were the lowest ever (76 million euros),” he added.

In January, social payments increased by 8.3%, excluding covid measures and pensions.

As for pensions, the increase was 6.8%.

The growth of social benefits was influenced by parental allowances (17%) and social integration allowances (11.5%).

Investment in public administration rose 15.4% compared to January, excluding public-private partnerships.

Growth in the healthcare sector (41.2%) and local administration (44.9%) stand out here.

In the first month of the year, expenses with interest and other deductions amounted to 34.6%.

“About 90% of income growth is due to a good moment in the labor market,” he said.

Tax receipts increased 10.5% in January, with the IRS up 14% and VAT up 11.9%.

Social security contributions amounted to 11%.

Author: Portuguese
Source: CM Jornal

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