Portugal's finance ministry announced that expenditure on support measures for businesses and families amounted in January and February to about 1.091 billion euros.
The finance ministry revealed on Thursday that expenditure on support measures for businesses and families related to the pandemic amounted in January and February to about 1.091 billion euros.
“In these two months, the total amount of support (on the expenditure side) corresponds to more than 1/3 of the total expenditure of 2020 with support under Covid,” said the Ministry of Finance, which today published the summary of budget execution.
Of the total expenditure, the Ministry said, the largest slice was the support measures for companies and employment, amounting to 663 million euros, which include the simplified “lay-off” (furlough) of 135 million euros and extraordinary support for the progressive resumption of activity (116 million euros).
The total of 1.091 billion euros also includes 194 million euros of family income support measures, 175 million euros for health-related measures and 60 million euros of other support.
On the revenue side, in the first two months of the year, the measures applied amounted to around 438.4 million euros.
These measures, “which also support the cash flow of companies and help household income,” included the extension of tax payment deferrals, suspension of tax foreclosures and exemption from TSU (social security contributions).