The central government deficit has continued to shrink in line with the previous month.
The funds statement for central government finances open the reasons for the contraction. The cash flow of the government’s own operations of 30,383 million euros has increased compared to the previous year (27,444 million euros 9/2021). Transfer finances cash flow which consists mostly of income transfers to others such as local governments and households, has remained at last year’s level. On the other hand, the cash flow of investments consisting of fixed assets, investments and loans, at -2,121 million euros, has doubled compared to the previous year (-1,035 million euros).
The cash flow of financing, mostly consisting of the net change in government debt, has also increased by EUR 6,950 million (EUR 4,830 million). Thus, the change in the government’s liquid assets of EUR 4,755 million is multiple times compared to the corresponding time of the previous year (EUR 296 million in 9/2021).
MONTHLY REVIEW FOR CENTRAL GOVERNMENT FINANCES PUBLISHED ON 18 OCTOBER 2022