Economy and Business > public accounts
There was a slight decrease in the red of public accounts compared to July
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September 30, 2022 at 18:13
The fiscal deficit stood at 2.7% in the 12 months ended in August, with a minimal reduction from the data closed in July of 2.8%, according to the Ministry of Economy.
With this new low, it is the minor record of the current administration of Luis Lacalle Pou.
In the 12 months ending in August 2022, the result of the Central Government-Social Security Bank (GC-BPS) stood at 2.3% of GDP.
In turn, the income of funds to the Social Security Trust (FSS) -law of the fifties- was 0.3% of GDP, so the fiscal result of the GC-BPS, excluding income to the FSS, was at -2.6% of GDP, according to the statement from the Ministry of Economy.
Finally, the result of the Global Public Sector (GSP) was -2.4% of GDP and after adjusting the effect of the FSS it stood at -2.7% of GDP.
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