The global public debt accrued during January to October this year fell by 357 million euros compared to the same ten months of the year 2015, informs the Ministry of Finance (MOF) in a statement sent to newsrooms. "The deficit up to October improves in line with economic growth," reports the office of Mário Centeno.
it is recalled that, up to September, the deficit total was indented 292 million euros, by the brand to October is even more favourable to the fulfilment of the purpose of the annual (January to December) 5489 million euros, in the perspective of public accounting (the logic of the payments and receipts that are effectively carried out through the public coffers).
according To this first summary of the budget execution, whose full version will be disclosed later on Thursday, the budget imbalance has decreased the such to 357 million euros compared to the same period last year, "emphasizing the improvement observed until September."
"This performance is the result of increased of 1.7% of revenue, higher than the growth of 1.1% of the expense. The fourth quarter starts with prospects positive ahead of the budget, giving continuity to the good news concerning the economic growth in the third quarter, up 0.8% in chain", stresses the government.
expenditure not only rises more because the government has retained the most of public investment maintained a high level of cativações and said to be cutting down on the fats and intermediate consumption.
Thus, the annual target still looks realistic because the deficit of these ten months is below the annual target, something that has not happened in the last year, by this time.
"Until October, the deficit stood at 4430 million euros, representing 80,7% predicted for the year, when the 2015 had a value close to the annual deficit. The primary surplus [that do not account with the interest expense] of the Government was of 3118 million euros, an improvement of eur 683 million in the face 2015", reads the official note.
tax Revenue rises despite 900 million in refunds
The tax revenue is on the rise, same with the almost 900 million euros paid out in refunds to taxpayers, says the MP.
"notwithstanding the increase of tax refunds at 887 million euros, the tax revenue grew 0.6% compared to October of 2015. The revenue contribution increased to 3.6%, mainly due to the growth of 4.5% of contributions and dues for Social Security."
once more, the government points out that this boost in revenue was the important contribution to the resumption of employment. "Throughout the year, in the records of the Social Security, the job has shown a year on year growth average close to 3%" refer to the Finance.
Least 488 million in debts to suppliers
"The expense has maintained a growth rate lower than foreseen in the Budget of the State", and in the Central Administration and Social Security, spending for the purchase of goods and services fell to 2.8%. Is the already famous grip in intermediate consumption.
So, the ministry said, that brand is "significantly below budget". And the expenditure on salaries inched up 2.9%, which represents a slowdown compared to the growth observed until September."
With more jobs to be created, it is natural that the government is able to save more in unemployment benefits, at the same time it helps to keep the consumption, soon giving gas taxes, and discounts welfare.
"Deserves to also reference the reduction of 14.6% in spending on unemployment benefits, in line with the reduction in the 3rd quarter of the unemployment rate to 10.5%."
And, so as not to clash with, the communiqué ends with another news favourable to the management of António Costa, and Rye. "In the Face of October 2015, the debt is not financial in the AP – expense without the corresponding payment, including delayed payments – fell to 488 million euros".
(Updated at 16: 30 with more information of the note of Finance)
No comments:
Post a Comment