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The public deficit falls to 1.84% of GDP until July and that of the State falls to 1.82% until August

MADRID, 30 Sep.

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The public deficit falls to 1.84% of GDP until July and that of the State falls to 1.82% until August

MADRID, 30 Sep. (EUROPA PRESS) -

The joint deficit of the Central Administration, Social Security and the autonomous communities, excluding financial aid, stood at 24,015 million euros in the first seven months of the year, which represents 1.84% of GDP and a decrease in 58.3% compared to the same period of the previous year.

If the balance of aid to financial institutions is included, amounting to 397 million, the public deficit stands at 1.87% of GDP, according to data provided this Friday by the Ministry of Finance.

As for the deficit of the State alone, in this case until August, it has stood at 23,833 million euros, which represents a decrease of 57% compared to the same period of the previous year and is equivalent to 1.82% of GDP, compared to 4.59% existing in August 2021.

This result is due to an increase in non-financial income of 32.3%, compared to the behavior of expenses, which grow at a rate of 5%.

"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.