The September summary, released by the Budgetary Authority, previously known as the Directorate-General for the Budget (DGO), reports an improvement of 610.8 million euros compared to the same period last year. This was attributed to revenue growth (6.6%) surpassing the rise in expenditure (6.3%).
Regarding revenue, there was a notable increase in public administration tax revenues, primarily driven by the evolution of State revenues, with significant contributions from VAT (8.7%) and IRS (7.1%). Additionally, there were considerable increases in ISP (12.3%) and Tobacco Tax (10%), while IRC displayed a negative variation (-4.3%).
In terms of expenditure, personnel expenses stood out with an 8.7% increase, mainly due to “measures of remuneration appreciation for public function workers,” explained the Budgetary Authority.
The public administration balance, published monthly by the Budgetary Authority, is in public accounting, which operates on a cash basis (cash inflows and outflows), distinct from national accounting (commitment basis), which is relevant for European rules.
