The fiscal deficit increased in November and was above 4% of GDP
The Economy Ministry announced that, in the interannual measurement closed last month, the public sector indicator was 4.1%.
The Ministry of Economy and Finance (MEF) reported this Tuesday what the year-on-year macroeconomic figures were for November 2024.
The fiscal deficit stood at 4.1% of the Gross Domestic Product (GDP); For comparison, last month the figure was 3.9%.
In the case of the result of the Central Government – Social Security Bank (GC-BPS), the deficit was 3.2% of GDP. In both cases, the effects of the income of funds to the Social Security Trust (FSS) were excluded.
“The result of Public Companies stood at 0.1% of GDP, decreasing 0.1% of GDP compared to the previous measurement due to the increase in stocks of crude oil and Ancap derivatives,” establishes the MEF.
“For its part, the overall result of the BCU [Banco Central] It stood at -1.0% of GDP, remaining stable in terms of GDP compared to the close of the previous month. Finally, the result of the Global Public Sector (GSP) was -4.1% of GDP. Adjusted for the FSS effect, it stood at -4.2% of GDP,” the portfolio concludes.
