"The positive balance of the Public Administration (PA) sector, as a percentage of GDP, stood at 0.7% in the year ending in the 4th quarter of 2024, the same as that observed in the previous quarter (1.2% in 2023)", reads the Quarterly National Accounts by Institutional Sector.

This evolution was due to an increase in expenditure (0.9%) identical to the increase in revenue (0.9%). In the State's income, it is worth highlighting that current revenue increased by 1.3%, which "reflects increases in all its components, with the exception of taxes on income and assets (-2.2%)", due to the application of new IRS withholding tax tables.