In the report on the analysis of public administration accounts in the national accounting between January and September 2022, which was delivered today to Parliament, the Technical Budget Support Unit (UTAO) indicates that it is possible to “expect a balance in 2022 more favorable than the target (- – 1.9% of output gross domestic.
Pro-MP technicians point out that “the size of the budget surplus accumulated after three quarters is unique in the recent history of Portuguese public finance”.
The report states that “this strongly positive result until September and UTAO’s estimate of tax revenue through December is much higher than the value forecast” by the Ministry of Finance, 1.4 billion more than expected, allows us to predict a balance in 2022 that is more favorable than the target (–1.9% of GDP), bringing it closer to equilibrium.
However, he adds that “the consultation on the implementation of public accounting expenditures to December revealed a significant increase in the same month as last month: only two measures to mitigate the effects of inflation forecast the 2023 fee of €1.99 billion (0.8% of GDP)”.
“They represent the effects of the fourth-quarter measures that mitigate the possibility of a near-zero equilibrium,” he adds.
The International Air Transport Office (UTAO) stresses that “it should be remembered that the estimation of MF [Ministério das Finanças] For 2022, you’re already looking at a TAP capital increase that won’t happen until the fourth quarter.”
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