The preliminary budget results prepared by the Statistical Service for the period January-March 2022 show a General Government surplus of 1% of GDP, which translates to € 239,3 million, compared to a deficit of € 137,4 million (0,6, 2021% of GDP) for the period January-March XNUMX.
According to data published on Wednesday by the Statistical Service, a large decrease compared to the same period of 2021 was recorded in subsidies, while a large increase was observed in the collection of taxes, both on production and imports, as well as on income tax and the wealth.
Specifically, total expenditures during the period January-March 2022 decreased by € 72,1 million (-3,2%) and were reduced to € 2.212,6 million compared to € 2.284,7 million in the corresponding period. 2021.
Grants decreased by € 254,1 million and were reduced to € 20,7 million compared to € 274,8 million in 2021. Current transfers decreased by € 2,4 million (-1,5%) and were limited to € 157,9 million compared to € 160,3 million in 2021.
In contrast, social benefits increased by € 91,4 million (11%) to € 921,1 million compared to € 829,7 million in 2021. Staff remuneration (including imputed social security contributions and pensions) increased by € 28,4 million (4,1%) to € 717,1 million compared to € 688,7 million in 2021. Intermediate consumption increased by € 32,1 million ( + 18,6%) and amounted to € 204,7 million compared to € 172,6 million in 2021. Interest paid increased by € 13,8 million (+ 20,1%) and amounted to € 82,4 , 68,6 million compared to € 2021 million in XNUMX.
The capital account increased by € 18,6 million (+ 20,7%) and amounted to € 108,7 million compared to € 90,1 million in 2021. In detail, fixed capital investments increased by € 5,3, 7 million (+ 80,0%) and amounted to € 74,8 million compared to € 2021 million in 13,4 and other capital transfers increased by € 28,7 million and amounted to € 15,3 million. compared to € 2021 million in XNUMX.
On the other hand, total revenues, during the period January-March 2022 increased by € 304,6 million (+ 14,2%) and amounted to € 2.451,9 million compared to € 2.147,3 million in the corresponding period of 2021.
Specifically, total taxes on production and imports increased by € 108,5 million (+ 14%) and amounted to € 885,9 million compared to € 777,4 million in 2021, of which net VAT revenues (after deducting refunds) increased by € 80,8 million (16,2%) and amounted to € 579,7 million compared to € 498,9 million in 2021. Tax revenues in income and wealth increased by € 129,3 million (+ 26,9%) and amounted to € 609,8 million compared to € 480,5 million in 2021. Social contributions increased by € 115,7 million million (+ 18,4%) and amounted to € 744,7 million compared to € 629,0 million in 2021. Revenues from services increased by € 15,4 million (+ 12,3%) and amounted to € 141,0 million compared to € 125,6 million in 2021. Current transfers increased by € 0,8 million (+ 1,9%) and amounted to € 42,0 million compared to with € 41,2 million in 2021.
In contrast, capital transfers decreased by € 58,4 million and were reduced to € 4,1 million compared to € 62,5 million in 2021. Interest and dividends collected decreased by € 6,7 million (-21,5 , 24,4%) and were limited to € 31,1 million compared to € 2021 million in XNUMX.