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

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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.

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