According to preliminary data, the state budget deficit amounted to EUR 260 million in the first three months of 2022, while without the direct effect of COVID-related measures, there would have been a surplus of EUR 15 million.
The state budget balance in both comparisons was better than in the same period last year, which is mainly the result of revenue growth as economic activity has recovered.
Revenue in the first three months of 2022 on a year-on-year basis was 27.1% higher, or 25.4% higher without taking into account the direct effect of COVID-related measures.
Expenditure in the first three months this year was 9.6% lower on a year-on-year basis, or 10.3% higher without taking into account the direct effect of COVID measures totalling EUR 315 million.
The total level of state budget expenditure for COVID-related measures from March 2020 to the end of March 2022 amounted to EUR 5.107 million, EUR 315 million of that in the first three months of 2022.