The state improves its adjusted surplus to 2.118 million in July

Until July, the State recorded an adjusted budget surplus of 2,118 million euros, an improvement of 1,546 million euros compared to the same period of 2022, the Ministry of Finance announced.

“Government departments recorded, from a public accounting perspective, an adjusted budget balance of €2,118 million until July, which represents an improvement of €1,546 million compared to the same period,” the ministry led by Fernando Medina said in a statement. .

This variation reflects an improvement in effective sales of 8.6% in adjusted terms.

On the other hand, this is also justified by a 5.9% increase in actual expenditure, driven by income-enhancing measures, social benefits and the impact of inflation on public procurement.

In the opposite direction, there was a reduction in spending related to the covid-19 pandemic.

The government noted that the revenues have been adjusted for the 3,018 million euros from the transfer of the pension fund from Caixa Geral de Depósitos to Caixa Geral de Aposentação.

The operation is “neutral” in terms of the national accounts balance, assuming a financial nature, but “relevant to the implementation from a public accounting perspective”.

As indicated, effective expenditures, excluding exceptional measures, increased by 8.2% and primary expenditures by 8.5%.

Through July, staff costs increased by 7.5% compared to the same period last year, while costs for purchasing goods and services increased to 6.2%.

Expenditure on investments in Central Administration and Social Security increased by 2%, “affected by the base effect of the 2022 implementation of the University of the Digital School”.

The Ministry of Finance revealed that before the increase “agreed with the increase in investments in the extension of the Metropolitano de Lisboa (+100.3%) and Porto (+58.4%) and in the railway line (+50 .4%)”.

In the reporting period, expenditure on social benefits increased by 15.4%, excluding exceptional measures and pensions.

The executive also highlighted the spending behavior with the family subsidy for children and youth (+30%), the social benefit for inclusion (+25.6%) and the solidarity allowance for the elderly (+20%).