The budget execution summary indicates that the surplus of Public Administrations up to March revealed “an increase of 1,715.8 million euros compared to the same period last year.”
This outcome was driven by a revenue growth of 9.6%, which outpaced the increase in expenditure of 2.9%, the entity detailed.
The rise in revenue was spurred by a contribution from tax revenue, which advanced by 11.7% compared to the first three months of the previous year, as well as from contributory revenue (8.2%) and non-tax and non-contributory revenue (5.9%).
State tax revenue rose to 13,562.6 million euros, buoyed by IRS and IRC.
On the expenditure side, there were notable increases in spending on personnel (9%), investment (11%), and the acquisition of goods and services (3.4%).
The DGO explained that the increase in personnel expenses is justified by remuneration enhancement measures covering the majority of public function workers, highlighting the base effect compared to the same period in 2024, with the change in the base salary and adjustment of salary values, the increase in the guaranteed minimum monthly remuneration, and the special measure regarding the acceleration of career development.
The balance of public administrations disclosed monthly by the DGO is according to public accounting, meaning it operates on a cash basis (money inflows and outflows), which differs from national accounting (commitment basis), relevant to European rules.
