Common public deficit of the Central Administration, Social Security and autonomous communities, excluding financial aid, 2 billion 538 million euros in the first quarter of the yearwell 51.1% decrease compared to the previous year and is equivalent 0.18% of GDP -compared to 0.39% in the same period in 2022-.
It is clear when the balance of aid to financial institutions is included. 0.20% of GDPAccording to data provided this Wednesday by the Ministry of Finance and Public Functions.
As for the state’s deficit alone, in this case it amounted to 1 billion 660 million euros until April.well 76.5% reduction equivalent to 0.12% of GDP compared to the same period of the previous year and 0.53% available in April 2022.
This result is due to the 10.7% increase in non-financial revenues compared to the behavior of expenses, which grew by 3%.
“The path of decline in the State deficit, which started in 2021 and documented in 2022, continues as a result of economic recovery and job creation,” the Ministry, headed by María Jesús Montero, said in a statement.
Central government turns into a surplus, communities into a deficit.
Back to the public deficitCentral Government posted a surplus of 1.088 million at the end of March 2023.Compared to the 4.383 million deficit recorded in the same period of 2022, equivalent to 0.08% of GDP.
Within this Administration; In terms of GDP, the government deficit in March is equivalent to 0.05%It reached 727 million, 87.7% below the figure recorded in March 2022. Central Governing Bodies, on the other hand, gave a surplus of 1.815 million in March 2023.
on your side, The Regional Administration gave a deficit of 2.186 million in the first quarter of 2023This equates to 0.16% of GDP, compared to a surplus of 0.03% in the same period last year. This result is due to the 8.4% increase in expenses and 3.1% increase in revenues.
Within this Administration; duties increased 8.5% (1,540 million more), emphasizing duties on production and importsIt reaches 4.477 million. Revenues from income and wealth taxes increased by 13.2% to reach a total of 14,517 million. Revenues from capital taxes amounted to 768 million euros.
Social Security
Social Security Funds had a deficit of 1.440 million by March 2023Compared to 1.219 million, which also had a deficit for the same period of 2022. In terms of GDP, Social Security deficit 0.10%a year ago, it ran a deficit of 0.09% of GDP.
This behavior is the result of a 7.1% increase in revenue compared to a 7.4% increase in expenses (well-behaved share prices stand out with strong growth of 8%).
state taxes
As for the government deficit data, better behavior is due to a 10.7% increase in revenue compared to a 3% increase in expenses..
Specifically, non-financial resources – income – were 80,851 million, which is 10.7% more than the same period in 2022. Taxes amounted to 68,115 million, accounting for 84.2% of total resources and an increase of 7.8% compared to April 2022.
According to the Treasury details, taxes on production and imports increase by 5.9 percent, and especially VAT revenues increase by 2.2 percent. In addition, in this title, 2023 tax innovations stand out. Introduction of new Special Tax, Provisional Energy Tax and Credit Institutions Provisional Tax on Non-Reusable Plastic Containers and financial credit institutions with a joint amount of 1,596 million.
on your sidecurrent taxes on income and wealth reached 25.811 millionIn terms of national accounting, it was 21.8% higher than in 2022, with an increase of 11.4% compared to the first four months of 2022, as Corporate Tax revenue increased by 17.4% to 10,292 million as a result of the first installment payment of the current year. For its part, the IRPF is up 7.5%, while the Non-Resident Income Tax is up by 15.3%.
Likewise, taxes on capital reached 72 million euros and income from social security contributions decreased by 4.9%.
82,511 million in government spending
on your side, Non-financial Government affairs -expenses- amounted to 82,511 million, up 3% to April To those recorded in the first four months of 2022.
The item with the highest volume transfers between public administrations, which account for 60% of total non-financial work. Specifically, they reached 49,505 million in the first four months of the year, 5.1% more than the previous year, due to 1.666 million additional provisions allocated to autonomous communities and local companies to offset the global negative balance of the 2020 liquidation. .
on his behalf autonomous communities became 30,352 million buyers. In terms of deliveries to the financing system account, 26,832 million units were transferred to the common regime, which is 8.9% more than the previous year.
At the same time, The Social Security System received 6.437 million, 5.3% more than in 2022. Local Companies received 8.929 million, 16.5% more than the previous year.
Employee compensation increased by 3.2%. This title, which is 6.225 million, is affected by the 2.5% increase in public personnel wages.