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Social Security surplus rises to 4,408.4 million until August

The report released today by the Budgetary Authority reveals that the cumulative value up to August surpasses the 3,339.7 million euros recorded in the same period last year.

As of July, the surplus stood at 3,214.9 million euros, indicating an increase compared to the previous month.

Effective revenue reached 29,788.5 million euros, while effective expenditure was 25,380.1 million euros.

Noteworthy are the European Union transfers related to the Recovery and Resilience Plan, which rose by 66.9% compared to the same period last year, as well as expenditures on the Solidarity Supplement for the Elderly, which increased by 47.4%.

Conversely, some areas experienced a decrease, such as the additional property tax revenue, which fell by 17.3% compared to the same period last year, and the exceptional and temporary measures related to the COVID-19 pandemic, which have been phased out, showing a decline of 74.2%.

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