According to the Economy report, the income of the central government and the Social Security Bank closed the year at 27.2% of GDP, which implied an increase of 0.1%, compared to 2020.
While the income of the General Tax Directorate (DGI) was located at 17.1% of the total GDP and had an interannual increase of 0.6%.
Meanwhile, at the Banco de Previsión Social, revenues decreased 0.4%, due to a drop in revenues from the Social Security Trust.
expenses
On the other hand, primary expenditures experienced a decrease of 0.6 of GDP for the central government and the BPS.
Remuneration, liabilities and transfers decreased 1.1% of GDP as a whole (0.3%, 0.4% and 0.5% of GDP, respectively).
“Non-personal” expenses showed an increase of 0.6% of GDP associated with a higher cost of measures to deal with the Covid-19 pandemic.
While the debt interest payment stood at 2.2% of GDP, a decrease of 0.4% compared to 2021.
In 2020 the fiscal deficit had closed at 6%, so the drop in 2021 is almost two percentage points.
