After the strong budget imbalance caused by Covid in public accounts, open In 2022, a decisive correction process continues across the administrations. In the first three months of the year, the deficit across the administrations –State, autonomous communities, Social Security and local companiesReduced to €21,489 million. This amount is 60.5% lower than what was collected in the same period last year (54,342 million euros).
in terms of GDPThe deficit of administrations as a whole, which was 4.50 percent in September 2021, increased to 1.64% at the end of the third quarter of this year. Such an intense correction. IncomeGovernment expenditures, which increased by 10.8%, were limited to only 1.8% growth.
However, the gap does not develop homogeneously between different levels of administration. While a sharp reduction in Social Security (from 6,780 million in 2021 to 213 million in 2022) in the state (a 76% cut) and a 97% decrease, the same did not happen in autonomous communities and municipalities. , where went to extra red numbers.
This self-government They write a deficit of 5.879 million through September 2022, which is in sharp contrast to their 8.323 million surplus (14,202 million worse) in the same period of 2021. A surplus equivalent to 0.69% of GDP went into a deficit of 0.45%.
Already in October, CataloniaFor example, an excess of 1.613 million (0.70% of GDP) in that month of 2021 went into deficit of 1.523 million (0.61%) in 2022. Murcia (2.06% of GDP), Valencian Community (1.86%) and Castilla La Mancha (1.69% GDP). Other communities still show surpluses in their accounts, as in his example. Aragon (0.05% of GDP), Asturias (0.52%), Balearic Islands (0.02%), Canary Islands (0.42%), Rioja (0.29%) and Basque Country (0.42% of GDP). Inside Castile and Leondeficit rose to 0.15% of regional GDP, and Estremadura While reaching 0.52%, Galicia stands at 0.14%; inside Madrid0.13% and within Navarreat 0.37%.
as a whole, local companies They also reversed their calculations last year, going from 2.306 million surplus (0.19% of GDP) at the end of September 2021 to the red figures of 1.374 million, equivalent to 0.10% of GDP).
This deficit of administrations as a whole It increased from 10.1% of GDP in 2020 to 6.8% in 2021. For fiscal year 2020, the target of 5% of GDP remains, although the Bank of Spain has set this at around 4.1% of GDP.
Source: Informacion
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