Surplus of a billion euros in state budget

The state budget balance presented a surplus of 1.093 billion euros in January, compared to a target of a deficit of €82 million that has been incorporated for the same period of 2024 in the 2024 budget introductory report and a surplus of €1.48 billion for the same period of 2023, the National Economy and Finance Ministry said on Monday.

The state budget primary balance on a modified cash basis amounted to a surplus of €2.28 billion, against the primary surplus target of €1.12 billion and the primary surplus of €2.77 billion in the same period in the previous year. It is noted that the main part of the difference in the primary balance surplus against the target, in cash terms, is not counted in the 2024 primary balance in fiscal terms. 

Indicatively, €159 million relating to the Recovery and Resilience Facility revenues (RRF), which was collected with a time...