Lisbon, June 30, 2025 (Lusa) - The State of Portugal recorded a surplus of €597.2 million up to May, reflecting an improvement of €3.095 billion compared to the same period last year, according to the budget execution summary.

"The overall balance of the General Government recorded a surplus of €597.2 million up to May 2025," according to the document released on Monday by the Directorate-General for Budget (DGO).

Compared to the same period last year, when there was a deficit of €2.4978 billion, there has been an improvement of €3.095 billion.

This development is justified by an increase in revenue (12.3%), which was higher than expenditure (4.5%).

During this period, there was an increase of €2.399 billion in the Central Government balance, a gain of €367.4 million in the Social Security balance and a variation of €328.5 million in the Regional and Local Government balance.

The overall and primary balances of the Central Government and Social Security amounted to €138.7 million and €2.9401 billion, respectively, representing year-on-year increases of €2.7665 million and €2.5906 billion.

In turn, the overall balance of Regional and Local Government reached €458.5 million, €328.5 million more than in the previous year.

In Regional Government, the balance was -€32.7 million, corresponding to a decrease of €39.8 million.

In Local Administration, the balance reached €491.2 million, €368.3 million more than in 2024.

In turn, consolidated expenditure by the Public Administration increased by 4.5% compared to the same period last year, with primary expenditure rising by 5.3%.

Personnel expenses expanded by 8.6% compared to the same period last year, influenced by measures to enhance the conditions of civil servants, such as updating salaries, enhancing specific careers and updating the guaranteed minimum monthly wage.

PE/AYLS // AYLS

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