Public Deficit
November 24th, 2009
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: bank restructuring fund, delinquency, expenses, government deficit, income tax, unemployment, VAT