The budget surplus achieved by the Ministry of Finance in January is less than a year ago, but the government says the effect is temporary.
In January the State Treasury recorded a fiscal surplus of EUR 549 million in January. Excluding the effect of the inclusion of new entities in the scope of general government decided in 2015, the surplus in state coffers would drop to 377 million euros, slightly more than half of 665.7 million euros in the first month of 2015 revealed Ministry of Finance on Wednesday, February 25th.
“The provisional budget balance of General Government, comparable in order for the whole year, a surplus of 549 million euros. The expense Total decreased 50 million euros compared to January 2014 (-0.9%) to stand at 5,286 million euros and total revenue, as was expected, was reduced from 167 million euros compared with January 2014 ( -2.8%) settling in 5,835 million, “reads a statement sent to the press by the Ministry of Finance.
The case of Maria Luís Albuquerque ensures that” the reduction of the budget surplus with same period in 2014 is justified by factors of a temporary nature that will dilute the course of this year. “
The accounts of the central government (ministry of public institutions and services) also have a negative evolution YoY writes the Government on the same note: “The overall balance of the Central Administration, in January 2015, amounted to a surplus of EUR 8.6 million, while the primary surplus amounted to 132.1 million euros, the which compares with 414.4 and 508.7 million euros in January 2014, respectively “
The help was essentially accounts to Social Security, with a surplus of EUR 253 million in January.: “The overall balance of the Social Security recorded a surplus of 252.9 million euros which represents an improvement of about 118 million euros compared with January 2014, having been an increase in revenue of 4.8% and a reducing expenditure by 0.9%, “says the government points out,” On the side of the projecting the evolution revenue from contributions and contributions (2.7%) and transfers from the European Social Fund, while the expenditure side the decrease is explained by the reduction in expenditure on unemployment benefits (23%) and administrative expenses (-8.7%) “
The local and regional administrations also recorded surpluses:.” As refers to the Local Administration in January there was a surplus of 93.3 million euros, given the sharper reduction in spending (-11.6%) than that recorded in revenues (-11.2%). Excluding the effect of the payment of previous years’ debts under the LMP, the balance in 2015 would be 94.8 million, which compares with 110.9 million euros the previous year. The regional authority has a budget balance of 22.3 million euros, which compares with a balance of 13.1 million euros in the same period last year. “
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