Lusa - Business News - Portugal: January surplus falls to €1.28B
Lisbon,Feb.27,2020(Lusa)–Portugal’s public administration registered a surplus of €1,28 billion in January, a figure that represents a drop of €238.5 million in comparison with the same month in 2019, the Ministry of Finance announced on Thursday.
In the usual communiqué preceding the release of the Budgetary Execution Summary by the General Directorate of the Budget (DGO), the Ministry of Finance explained the year-on-year decline in the surplus seen in the first month of this year with the pace of recorded expenditure exceeding that of revenue.
LT/ADB // ADB.
Lusa
Agency : LUSA Date : 2020-02-28 09:30:00
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