The public deficit falls to 1.95% of GDP until August and that of the State falls to 1.24% until September

MADRID, 31 Oct.

The public deficit falls to 1.95% of GDP until August and that of the State falls to 1.24% until September

MADRID, 31 Oct. (EUROPA PRESS) -

The joint deficit of the Central Administration, Social Security and the autonomous communities, excluding financial aid, stood at 25,490 million euros in the first eight months of the year, which represents 1.95% of GDP and a decrease in 57.8% compared to the same period of the previous year.

If the balance of aid to financial institutions is included, amounting to 408 million, the public deficit stands at 1.98% of GDP, according to data provided this Monday by the Ministry of Finance and Public Administration.

As for the deficit of the State alone, in this case until September, it has stood at 16,269 million euros, which represents a decrease of 72.2% compared to the same period of the previous year and is equivalent to 1.24% of GDP, compared to the 4.85% existing in September 2021.

This result is due to an increase in non-financial income of 27%, compared to the behavior of expenses, which decreased slightly at a rate of 0.4%.

"The path of decline in the State deficit that began in 2021 continues as a result of the economic reactivation and job creation", highlighted the Ministry headed by María Jesús Montero.

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