The budgetary implementation in public accounting [terms] of the public administrations in 2019 recorded a deficit of EUR 599 million, reflecting an improvement of EUR 1.643 million compared to 2018, as a result of growth in revenue of 4.3 percent and [in] expenditure of 2.3 percent,” the ministry said in a statement.
It noted that this “budgetary execution makes it possible to meet the budget objective for 2019” set for itself by the Socialist government.
The deficit figure is released in advance of the publication of the more detailed Budget Implementation Summary by the ministry’s Directorate-General for Budget (DGO).