Tax revenue collected by the state is higher than expected, but the increase of personnel expenses in June and July to press back the budget execution. In the first seven months of the year, the deficit of the general government (central government, social security and regional and local government) stood at EUR 5.8234 billion, rising to EUR 389 million higher than the same period in 2013.
According to data from the budget execution until July, published in optics public accounting by the Directorate-General of Budget (DGO) on Monday, was registered on the one hand, an increase in tax revenue of 3.8 % and on the other, and an increase of 5.8% of the consolidated central government expenditure, especially that of the replacement of wages in the public sector from June (following the lead of the cuts enacted by the Constitutional Court) results.
This is also one of the reasons mentioned in a statement from the Ministry of Finance to explain the fact that the deficit measured by the data of budget execution is again worse than in 2013 As has happened execution June, there is an effect associated with the replacement of wages. And to add to this two other factors: the payment of holiday pay during this period of the year (which did not happen in 2013, since the 14 months was only paid in November) and the increase in interest payments <. / p>
Personnel expenses rose in the first seven months of the year to € 7.6273 billion, while in the same period last year the amount was at 6.9806 billion. Adding this to other factors, the consolidated expenses of administration recorded a growth of 5.8%. The sum amounted to € 35,507,800,000. And the result, in addition to increased spending on wages, the “lag in the payment of the 14th month to the beneficiaries of the pension scheme administered by the CGA (CGA)”, the “consistent increase in the number of pensioners with impact on transfers “and” Interest expense and other direct debt burden of the state, “explains the DGO in the bulletin of the budget.
As for revenues, the state has already grossed more than half of the sum the executive is planning for the whole year. By July, entered the public coffers of 22,381,800,000 40,752,500,000 appointed by the Government in the first amendment to the state budget (the degree of implementation is already around 55%).
This increase (of 1.7% compared with the assessed until July of last year) is mainly due to revenue growth achieved through taxes.
Tax revenue collected amounted to EUR 19.8986 billion, an increase of equivalent 3.8% to EUR 735.1 million. The amount that the state collected more than in the same period, 48.6% (357.3 million) are due to the IRS.
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