Madrid, May 31 (EFE) .- The government deficit in Spain rose 15.7% in April and stood at 1.25% of GDP, compared with 1.12% in the same period previous year, reported the Ministry of Finance and Public Administration.
the State deficit, which reached the 13,981 million euros (15,600 million dollars), is a result of a drop in revenue 6 23%.
tax revenues (taxes and contributions) fell 8.3% to 48,285 million euros (53,900 million), decrease is partly offset by an increase in other income of 27.4%.
on the other hand, government expenditure stood at 66.464 million euros (71.208 million dollars) until April, 2.3% less.
These figures refer to the central administration of the State, as the deficit regions and municipalities are computed separately.
in this sense, the Treasury published today also the deficit of the autonomous communities ( regions) to March, which fell by 24.7% to 1.486 million euros (1.659 million dollars), equivalent to 0.13% of GDP, down from 0.18% the previous year.
in the absence of local government, the whole general government deficit stood at the end of the first quarter to 8,918 million euros (9.959 million dollars), accounting for 0.80% of GDP, 0.3 points less than the previous year.
Spain does not meet the deficit agreed by the European Union’s stability and growth pact (SGP), but has been granted an additional year to lower it below 3% of GDP in 2017.
the country ended 2015 with a deficit of 5.1% of GDP 0.1 points -including financial aid amounting to banking compared with 4.2% required by their European partners, which also has been far from being able to reach 2.8% by 2016 committed.
the extra year that the European Commission has recommended some adjustments to Spain involves more than 8,000 million euros in two years. EFE
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