Lisbon, May 30, 2025 (Lusa) - The Portuguese social security accounts balance recorded a surplus of €2.361.4 billion up to April, an increase of 16% compared to the figure for the same period in 2024, according to Friday's budget execution summary.

Compared to the surplus of €2.036.4 billion recorded at the end of April 2024, the balance now observed is equivalent to an additional €325 million, an evolution explained by a rise in revenue higher than that of expenditure.

According to the document released by the Directorate-General for the Budget, actual expenditure reached €11.776 billion in the first four months of this year, a year-on-year increase of 8.2%.

In the same period, actual revenue rose more significantly, advancing 9.4% to €14.137.3 billion.

Among the expenditure items, the summary of budget execution shows that expenditure on pensions increased by 6.3% year-on-year, totalling €6.522.5 billion.

Unemployment benefits (the second largest type of expenditure after pensions) rose by 8.4% to €548.1 million.

On the revenue side, the year-on-year increase of 9.0% in contributions and levies (reflecting the evolution of wages in volume and price) stands out, totalling €9.234.4 billion up to April.

LT/AYLS // AYLS

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