In the first 11 months of the year, the state of engagement with taxes remained high, but the pace of tax revenue returned to slow down, show data published on Tuesday by the Budget Directorate-General (DGO).
Between January and November, entered 33,551,700,000 euros in state coffers, between direct and indirect taxation. This represents an increase of 6.2% on the same period last year. In October, however, the increase was 6.8%.
Of the more than 33,500 million euros raised in taxes, the largest share was achieved by VAT fitting, which amounted to 12,908,600,000 euros, ie 38% of the total. Next to this amount, with an important relative weight, the IRS is, which fits is 11,572,800,000.
The general government deficit amounted to 6.4203 billion euros by November, an improvement of 2765 5 million over the same period of 2013
According to the budget execution, the deficit -. measured in public accounting, that is, from the standpoint of receipts and payments made – improved 2.7655 billion euros (30 1%) over the first eleven months of 2013, when the deficit was 9185800000.
Back in monthly terms, the general government deficit to November increased by almost 460, 9 million compared to October, from 5.9591 billion euros to 6.4203 billion in November, up 7.7%.
The actual government revenue amounted to 66,953,900,000 of euros in the first eleven months of the year, plus 1.7131 billion euros in the same period of 2013. Beside the actual expenditure, there was an annual reduction of 1.0524 billion euros, to 73,374,200,000.
The deficit of the central government and Social Security amounted to 6.4737 billion euros, down from 8.2463 billion euros in the same period of 2013.
The balance primary (which excludes the costs of public debt) stood at 734.1 million euros, which compares positively with the primary deficit of 962.5 million euros in November 2013, “derive from a variation rate 3.4% in revenue, higher than the spending by 3 percentage points. “
The expense of these two sub-sectors increased by 0.4% yoy, mainly due to higher staff costs and transfers , according to the DGO.
The transfers increased 0.9% until November, which resulted, according to the DGO, the increase in expenses with the pension office of the General Retirement Fund (CGA) and Social Security, the effect of IRS installment of the transfer to local authorities, and the transfer to the resolution fund contribution revenue for the banking sector “.
The increase by 2.2 % of staff costs was due, “largely increasing the contribution rate of public employers to CGA and Social Security and the expenditure incurred under the Program Terminations by Mutual Agreement”. The DGO also refers to the “effect of the reversal of the remuneration reduction measure envisaged in the State Budget Law for 2014, following the decision of the Constitutional Court.”
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