The State recorded a surplus of 785 million euros until February, a value that reflects a decrease of 1,556 million euros compared to the same month of the previous year, the Ministry of Finance announced this Thursday.
In a statement, the Ministry of Finance points out that the year-on-year variation in the budget balance reflects an increase in effective revenue of 4.1% and an increase of 15.9% in effective expenditure.
Contributing to the evolution of revenue, says the same statement, which precedes the release of the summary of budget execution by the Directorate-General for the Budget (DGO), was the increase in contributions to Social Security (+10.4%) and a decline of 2.8% on the tax revenue side.
This is the last statement of this legislature signed by Fernando Medina who, in relation to 2023, leaves the executive with a record of a historic budget surplus of 1.2%, the highest since 1974.
The provisional value of the surplus, released this week by the National Statistics Institute (INE), is in national accounting, that is, it works from a commitment perspective and not from a cash perspective as published by DGO.
