Budget deficit worsens in 108 million euros until May – TSF Online

According to the summary of budget execution until May, released today by the Budget Directorate-General (DGO), calculated on public accounts, the primary general government balance (without the burden of public debt) was 2141.8 million.

The DGO explains that, considering the comparable universe, ie excluding public entities reclassified in 2015 and which were not considered in 2014, “the overall general government balance deteriorated face the same period of 108.2 million euros, driven by trends in interest rates, since the primary balance improved 326 400 000 interest. “

The DGO numbers realize that the new public entities reclassified in 2015 had a balance of 230.7 million euros between January and May, reducing so the general government deficit in this period, which would have amounted to 1.0983 billion euros, if you do not consider these entities, over 108 , 2 million more than in the same period.

However, the statement that the Ministry of Finance sends the newsroom just before the DGO release official figures, the protection indicates that “the provisional budget balance administrations

Public comparable in order for the full year improved by 123 million euros “to May compared to the same period of 2014. This is because the Ministry of Finance compares the budget deficit actually recorded in the first five months of this year with what is occurred between January and May 2014.

In the new application following the European System of Accounts (SEC2010), a set of several public entities (the EPR calls), such as TAP, Carris, CP and several hospitals and foundations, among others, were in the perimeter of general government.