Fiscal Accounts of General Government: January-March 2024

Macroeconomic Aggregates of General Government

Euro (million)

Change

Fiscal Results

Difference

(%)

Jan-Mar    2023

Jan-Mar       2024

Jan-Mar 2024/23

Jan-Mar 2024/23

Total Revenue

2.892,6

3.225,4

332,8

11,5%

Taxes on Production and Imports

1.024,9

1.046,4

21,5

2,1%

of which VAT

682,7

708,2

25,5

3,7%

Current Taxes on Income and Wealth, etc

779,5

915,2

135,7

17,4%

Social Contributions

869,6

958,6

89,0

10,2%

Other Current Resources

214,5

292,3

77,8

36,3%

Interest receivable

24,2

27,7

3,5

14,5%

Current transfers

41,6

45,6

4,0

9,6%

Sales

148,7

219,0

70,3

47,3%

Capital Transfers Received

4,1

12,9

8,8

214,6%

Total Expenditure

2.516,3

2.702,4

186,2

7,4%

Total Current Expenditure

2.336,5

2.565,7

229,3

9,8%

Intermediate consumption

249,4

268,6

19,2

7,7%

Compensation of employees

789,8

903,7

113,9

14,4%

Social transfers

1.013,1

1.085,1

72,0

7,1%

Interest

72,2

65,6

-6,5

-9,1%

Subsidies

32,5

33,9

1,4

4,3%

Other current expenditure

179,5

208,8

29,3

16,3%

Total Capital Expenditure

179,8

136,7

-43,1

-24,0%

Gross capital formation

165,3

117,9

-47,4

-28,7%

Gross capital formation excluding land annexations

165,2

114,4

-50,8

-30,8%

Other capital expenditure

14,5

18,8

4,3

29,7%

Net Lending (+)/ Borrowing (-)

376,4

523,0

146,6

% of GDP

1,3%

1,7%