The overall balance of Public Administrations (PA) recorded a surplus of 4,154.1 million euros by October 2025, representing an increase of 829.9 million euros compared to the same period last year, announced the Budget Authority on Friday.
The Budget Execution Summary indicated that the increase compared to the same period last year was “justified by a higher increase in revenue (6.2%) compared to expenditure (5.6%).”
According to the same document, the “primary balance stood at 10,303.1 million euros, 633.2 million euros more than in the same period of 2024.”
“The 6.2% growth in PA revenue was mainly supported by the evolution of tax revenue (5.5%) and contributory revenue (8.4%), complemented by non-tax and non-contributory revenue (5.2%).”
Additionally, the “6.2% growth in primary expenditure was mainly due to increases in transfers (4.5%), personnel expenses (8%), and investment (18.5%).”
[News in update]
