The budget deficit decreased by 458,4 million euros in the first 10 months of 2021 compared to the same period last year.
The preliminary budget results prepared by the Statistical Service for the period January-October 2021 show a General Government deficit of € 261,9 million (1,1% of GDP) compared to a deficit of € 720,3 million ( 3,3% of GDP) for the period January-October 2020.
EXPENSES
Total expenditures during the period January-October 2021 increased by € 646,3 million (+ 8,7%) and amounted to € 8.040,8 million compared to € 7.394,5 million in the corresponding period of 2020. It is noted that this increase in specific categories is due to expenditure in the context of support measures to address the effects of the coronavirus pandemic.
Specifically, social benefits increased by € 313,1 million (+ 11,4%) and amounted to € 3.052,9 million compared to € 2.739,8 million in 2020. Earnings of staff (including imputed social contributions and pensions of civil servants) increased by € 101,0 million (+ 4,6%) and amounted to € 2.311,3 million compared to € 2.210,3 million in 2020. Subsidies increased by € 48,0 million (+ 9,4%) and amounted to € 557,0 million compared to € 509,0 million in 2020. The increase in this category is mainly attributed to the additional support measures for businesses due to the continuation of the coronavirus pandemic . Current transfers increased by € 69,2 million (+ 16,5%) to € 488,6 million compared to € 419,4 million in 2020. Intermediate consumption increased by € 76,1 million. (+ 11,5%) and amounted to € 740,2 million compared to € 664,1 million in 2020. Interest paid increased by € 46,3 million (+ 12,2%) and amounted to € 424,6 million compared to € 378,3 million in 2020.
The capital account decreased by € 7,5 million (-1,6%) and was limited to € 466,2 million compared to € 473,7 million in 2020. In detail, fixed capital investments increased by € 11,2, 3,1 million (+ 372,0%) and amounted to € 360,9 million compared to € 2020 million in 18,6 and other capital transfers decreased by € 16,5 million (-94,2%) and were reduced to € 112,8 million compared to € 2020 million in XNUMX.
INCOME
Total revenues during the period January-October 2021 increased by € 1.104,7 million (+ 16,6%) and amounted to € 7.778,9 million compared to € 6.674,2 million in the corresponding period of 2020.
Specifically, total taxes on production and imports increased by € 383,8 million (+ 15,9%) and amounted to € 2.802,4 million compared to € 2.418,6 million in 2020, of which net VAT revenue (after deducting refunds) increased by € 291,7 million (+ 19,1%) and amounted to € 1.821,5 million compared to € 1.529,8 million in 2020. Revenue from taxation on income and wealth increased by € 197,6 million (+ 12,8%) and amounted to € 1.741,3 million compared to € 1.543,7 million in 2020. Social contributions increased by € 267,2 million (+ 14,0%) and amounted to € 2.172,5 million compared to € 1.905,3 million in 2020. Capital transfers increased by € 198,8 million and amounted to € 267,9, 69,1 million compared to € 2020 million in 12,6. Current transfers increased by € 7,8 million (+ 174,8%) to € 162,2 million compared to € 2020 million in 30,2. Revenues from the provision of services increased by € 6,3 million (+ 512,6%) and amounted to € 482,5 million compared to € 2020 million in 14,6. Receipts Interest and dividends increased by € 15,7 million (+ 107,4%) and amounted to € 92,8 million compared to € 2020 million in XNUMX.
