Public Deficit

As the months the costs incurred by the state reveal a complex situation which will be difficult to recover. A deficit of EUR 50 million representing 4.69%, compared to data from the previous year, 9.912 million euros us about the detriment suffered by the public accounts. A result multiplied by five the state's deficit. The unemployment crisis, aid and bank restructuring fund are responsible for this increase. With a collection of nearly 95 million tax rose 14% while revenue declined 28%. The biggest drop in personal income tax revenues took him to a decrease of 13% the first months of the year. The corporation tax suffered falls of 25% in response to declining profits by companies. VAT is one of the items which suffered

significant falls assuming a 36.1% loss. In terms of financial payments, there was an increase of 24.5% in this concept are the transfers made to government service and transfers for payments to local investment fund who collected a 18.7% increase. The end of the month of July was a debt of 61.529 million euros, these data represent a nine fold increase over the previous year. Details that speak of an indebtedness of the state that puts in a very difficult situation to a society that faces a fall marked by unemployment and delinquency.

Tags: , , , , , ,

Leave a Reply

Please note: Comment moderation is enabled and may delay your comment. There is no need to resubmit your comment.

Hide me
Sign up below to download FREE Day Trading Software!
Name Email
Show me