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The accounts of the public administration closed the month of October with a positive balance of 259 million euros until October, excluding charges from New Bank and people injured by the company. 39; former Banco Espírito Santo. According to a statement from the Ministry of Finance, this figure represents an improvement of 2,072 million euros compared to the same period of last year. The department attributed this result to revenue growth of 5.4%, more than double the percentage of revenue growth recorded in the first 10 months of the year, or 2.1%.
However, this surplus, calculated in the form of public accounting, does not take into account the injection of EUR 792 million into the capital of the New Bank and the EUR 121 million loan to the fund. recovery of BES victims.
The summary of budget execution also shows that captive spending in September amounted to EUR 773.7 million, plus a budgetary reserve of EUR 364.9 million allocated under budget programs to meet the potential needs of each program. . These two payments amount to 1138.6 million euros. According to Finance, the value of captives in 2018 is 148 million euros lower than in the same period of the previous year.
Compared to the initial value of captives, € 295.3 million of expenditure has been released and the annex to the summary of the implementation of the budget continues to indicate program, the largest volume of captive expenditure, or 85.3 million euros, notwithstanding the reference to the increase of investments of CP and Infraestruturas of Portugal. The number of captives on the railway has decreased by about 10 million compared to the June report.
Taxes on revenue are taxes whose collection has accelerated by 5% until October, the largest contributions from VAT, IRS and IRC . The increase in receipts with social contributions, plus 7%, is even more significant. As for the expenses, we are talking about the end of the payment of twelfths of Christmas subsidies, which were again fully paid in November,
The 2.1% increase in spending is attributed to the "sharp increase" of 4.6% in National Health Service expenditures, which, according to Finance, are reaching values higher than those of the US Department of Health. before the period of adjustment. There is also mention of the social benefit of inclusion. The Ministry of Finance also highlights the "significant" growth in the expenses of CP and Infraestruturas of Portugal, two companies associated with public investment and whose execution rates were very low.
There is also an increase in investments in health, another area in which there has been a lack of funds to invest and other expenses. According to the summary, the increase in expenses, which stands at 1 439 million euros compared to the same period in 2017, is influenced by the position of purchase of goods and services , which results in the payment of late debts by service entities. National Health Service (SNS). According to the Ministry of Finance, the arrears of public entities amounted to 1,120 million euros at the end of October, a decrease of 151 million euros compared with the previous year. the same period and 15 million euros compared to the end of the previous month.
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