General government fiscal surplus reaches 593.4 million euros for January-April 2026

Preliminary data from the Statistical Service released on Friday shows that the general government recorded a fiscal surplus of 593.4 million euros for the period of January to April 2026, compared to 614 million euros in the same period of 2025. As a percentage of GDP, the surplus decreased to 1.5% from 1.7% the previous year. Total government revenue rose by 4% to 4.995 billion euros, driven by a 10.3% increase in income and wealth tax receipts and an 8.3% rise in social contributions. However, these gains were partially offset by a 27.8% decline in interest and dividend income and a 31.2% drop in current transfers. Total expenditure increased by 5.1% to 4.402 billion euros, compared to 4.187 billion euros in the previous year. Social benefits were the primary factor in the spending increase, growing by 6.4% or 109.6 million euros to reach 1.824 billion euros. Overall, the rise in public spending exceeded the growth in revenues, resulting in a net decrease of 21 million euros in the surplus.