(Finance) – The Ministry of Economy and Finance (MEF) announced that in the month of January 2024 the balance of state sector ended, provisionally, with a requirement of 5,500 million euros. In January 2023 it closed with a requirement of 7,086 million.
In comparison with the corresponding month of 2023, the balance of the requirement was affected by theincrease in tax collections and gods transfers by the EU. On the payments front, the Treasury highlights greater social security spending linked to the revaluation of pensions and greater needs of local administrations.
The expense related to interest on government bonds it is up by approximately 650 million compared to the value of the same month of the previous year.