The public deficit falls to 0.34% of GDP in the first quarter and that of the State falls to 0.5% until April

MADRID, 30 May. (EUROPA PRESS) -

The deficit of all public administrations, excluding financial aid, stood at 4,412 million euros until March, which means subtracting 16,048 million from the figure registered a year earlier, 78.4% less, so it drops to 0.34% of GDP, according to data provided by the Ministry of Finance.

Regarding the State deficit until April, the figure stands at 0.5% of GDP, compared to 1.68% in the same period of 2021. In this way, the deficit stands at 6,553 million, which represents a decrease of 67.6% compared to the 20,249 million in the same period of the previous year.

This result is due, according to the Treasury, to a "solid" increase in non-financial income of 16.7%, compared to the behavior of expenses, which decrease at a rate of 4%.

"The evolution until April shows that the State deficit continues the downward path that began in 2021 as a consequence of the economic reactivation and the creation of jobs driven by the progress of the vaccination process", highlighted the Ministry headed by María Jesús Montero.