Over 401m euros spent in state vault for three months

Over 401m euros spent in state vault for three months

About 12.5m euros have been spent more than revenues during the first quarter of this year. According to Finance Ministry data, which has provided the paper, general revenues during the January-March period of this year have been 388.55m euros, while 401.02m euros, writes today “Koha Ditore”. [...]

About 12.5m euros have been spent more than revenues during the first quarter of this year.

According to Finance Ministry data, which has provided the paper, general revenues during the January-March period of this year have been 388.55m euros, while 401.02m euros, writes today “Koha Ditore”.

Although data shows there has been a decrease in spending in this quarter compared to the same period in the preceding year, this has been due to the result of a slower budget execution, due to the delayed adoption of the Law on Budget Breaks for 2019.

The three-month spending report, which the paper has secured, is seen as increasing spending in the category of wages and wages, in subsidies and transfers, as well as in goods and services. As far as spending on capital projects is concerned, it has suffered a decrease.

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