Public deficit fell to 0.34% of GDP in the first quarter

this deficit of all public administrationsexcluding financial aid, By March, it was at the level of 4,412 million euros.ie subtracting 16,048 million from the figure recorded a year ago, 78.4% lessthat is, it falls to 0.34% of GDP, according to data provided by the Ministry of Finance.

in dedication Government deficit until April, figure at 0.5% of GDP, Compared to 1.68% in the same period in 2021. Thus, there is a deficit of 6.553 million, down 67.6% from 20.249 million in the same period of the previous year.

This result, according to the Treasury, “Robust” 16.7% increase in non-interest incomeCompared to the behavior of expenses, which decreased by 4%.

“The evolution to April shows that the State deficit continues the downward path that started in 2021 as a result of the economic revival and job creation driven by the progress of the vaccination process,” said the Ministry, chaired by María Jesús Montero.

Source: Informacion

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