1.8 billion euros in social security, almost 1.6 billion in the state’s surplus. State tax revenue rose 12.5%.
The State registered an surplus of 1,592.3 million euros until March, a climb compared to the same period, according to data from the budget execution released on Wednesday by the General Directorate of Budget (DGO).
“Public administrations (AP) registered, in March 2025, an surplus of 1,592.3 million euros, which means an increase of 1,715.8 million euros compared to the same period,” reads the DGO synthesis.
This result is due to “revenue growth (9.6%) higher than that occurred in the expense (2.9%)”, he explains.
Social security
The Social Security Balance registered an excess of 1,832.4 million euros until March, above 1,420.1 million euros in the same period of 2024.
Effective expense was set at 8,780.3 million euros, when in the same period it was at 8,225.4 million euros.
On the other hand, effective revenue reached 10,612.7 million euros, which compares to the 9,645.5 million euros recorded the previous year.
In the first three months of the year, it stands out runs such as the additional to the contribution of the banking sector and the additional to IMI (both 50%) and the solidarity complement to the elderly (37.1%).
In the opposite direction, as an example appear, exceptional and temporary measures of COVID-19 (-88.4%), which have already been removed, and the complement to extraordinary support for children and young people (-94.3%).
State Tax Revenue
State tax revenue rose 12.5% to 13,562.6 million euros until March, driven by IRS and IRC.
“In March 2025, the accumulated tax revenue of the State Subsector totaled 13,562.6 million euros. This amount represented an increase of 1,502.7 million euros (+12.5%) compared to the same period,” the DGO document revealed.
In direct taxes, there is a growth of 287.6 million euros or 6.1%, due to the evolution of IRS revenue-tax on the income of singular persons (+4.8%) and IRC revenue-tax on collective persons (+22.7%).
Late payments
Delay payments for public entities set a 385.7 million euros until March, a descent of 55.7 million euros in relation to the same period, according to the same synthesis of budgetary execution.
“At the end of March, payments over the delay of public entities ascended to 385.7 million euros, which represents a decrease of 55.7 million euros in relation to the same period,” reads the budget management document.
Compared to the previous month, there was an increase of 43.7 million euros.
For the homologous evolution contributed a break in the central administration (-76.7 million euros), excluding the entities of the Health Subsector, the local administration (-23.8 million euros) and in reclassified public entities (-4.5 million euros).
Still, this low was partially annulled by an increase in regional administration (44.8 million euros) and health (4.5 million euros).
Regarding the monthly variation, the highest contribution was the EPE Health Units (39.4 million euros) and the regional administration (8.2 million euros).
