Castilla y León has recorded a surplus of 544 million euros, which represents 0.72 percent of GDP, at the end of September 2024, according to data from the Ministry of Finance. This figure is almost seven tenths more than the same period in 2023, when a positive balance of 48 million euros was recorded, 0.07 percent of GDP.
As a whole, the regional administrations register a surplus at the end of September 2024 of 6,017 million, which is equivalent to 0.38 percent of GDP, compared to the deficit of 0.23 percent reached in the same period of the previous year. This result is due to an increase in expenses of 7.2 percent, while revenue increases by 12.7 percent compared to September 2023. Taxes have grown by 14.5 percent, increasing to 75,945 million.
Within them, taxes on production and imports reach the figure of 15,523 million. For its part, Income and wealth tax revenues increase by 16.9 percent reaching a total of 58,158 million, of which 47,472 million correspond to payments on account made by personal income tax made by the State, with an increase of 14 percent.
The income received from taxes on capital stands at 2,264 million euros. Transfers between Public Administrations reach 103,706 million. Of the previous amount, the transfers received from the State through the financing system increase by 17.2 percent, thus reaching 80,513 million at the end of September 2024.
At the same time, the income obtained from the rest of the resources stands at 15,724 million euros, which represents an increase of 4.5 percent compared to September 2023. Among the expenses, the remuneration of employees grows by 6.7 percent to reach 78,192 million.
Intermediate consumption increased by 6.5 percent to 30,755 million. Subsidies stand at 3,378 million, with an increase of 4.4 percent compared to the end of September 2023, mainly due to the increase in product subsidies. For its part, interest increases by 22.2 percent to 5,429 million.
Deficit of all administrations
The deficit of all public administrations stood at 25,893 million euros in the first nine months of the year, which represents an increase of 1.1 percent compared to the same period of the previous year, although a drop has been recorded in the percentage equivalent to GDP from 1.71 percent to 1.63 percent.
On your side, The State deficit, in this case until October, has risen by 37.5 percent in interannual rate, up to 26,385 million euros and has reached 1.66 percent of GDP – compared to 1.28 percent last year -.
This was published this Friday by the Ministry of Finance, which explains that the increase in the State deficit until October has been largely affected by the definitive liquidation of the financing system of the autonomous communities and local corporations corresponding to the 2022 financial year. practiced in July 2024.
Specifically, this has meant an increase in the deficit for the State of 13,523 million compared to the previous year. In addition, the update of 2024 deliveries on account for the autonomous communities and local entities has implied a joint net effect of 131,655 million at the end of October 2024, compared to 122,421 million in the same period of 2023.
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