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Tuesday, February 27, 2024

Public sector surplus of 162.32 million in the third quarter

Andorra la VellaThe joint execution of the expenditure budget of the institutional subsectors of the public sector* was 797.63 million euros for the third quarter of 2023, with a decrease of -33.6% compared to the third quarter of the previous year . The execution of the income was 921.19 million euros, with a decrease of -33.1 compared to the third quarter of the previous year.

Taking into account the strict third quarter, just the three months from July to September, the joint execution of the expenditure budget of the institutional sub-sectors of the public sector* has been 268.70 million euros for the third quarter of 2023, with a decrease of -5.7% compared to the third quarter of the previous year.

The execution of the income was 318.93 million euros, with a decrease of -3.4% compared to the third quarter of the previous year.

Regarding the results of the execution of income and expenses for the third quarter of 2023, the operating result (income less expenses without taking into account financial expenses and without financial assets or liabilities) has been a surplus of 54.28 million euros (-34.8%); the cash result (income minus expenses, without financial assets or liabilities) was a surplus of 49.51 million euros (-37.6%) and the budget result (including all income and expenses) it was a surplus of 50.24 million euros (+11.0%) compared to the third quarter of last year.

Without taking into account the internal transfers made by the Government in favor of the commons and the CASS and the expenses of the CASS towards the Retirement Reserve Fund (all of them internal expenses that the different entities will foresee as income and then make the expenses relevant and which, therefore, are not foreseen twice), and without taking into account the financial assets and liabilities of income and expenses, the execution of expenses has been 139.46 million euros for the third quarter of 2023, with an increase of +8.0% compared to the third quarter of the previous year.

With regard to income, with the same considerations, it was 285.61 million euros for the third quarter of 2023, with a decrease of -3.6% compared to the third quarter of the previous year.

With regard to the results of the budget implementation of income and expenses, with the above considerations, there has been a surplus of 150.93 million euros (-11.8%) for the management result, for the cash result a surplus of +146.15 million euros (-12.6%) and for the budget result a surplus of +146.88 million euros (-10.4%).

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