Pandemic cost state €6.75B until November
The General Direction of the Budget (DGO) announced that the pandemic cost Portugal €6.75 billion until November, due to €6.23 billion in extra expenses and €518 million less revenue.
The pandemic cost Portugal €6.75 billion until November, due to €6.23 billion in extra expenses and €518 million less revenue, said the General Direction of the Budget (DGO) on Tuesday.
On the revenue side, the DGO highlights the impact associated with the suspension of corporate tax payments on account, estimated at €265.1 million and the effect of the exemption from paying the Single Social Tax (TSU), estimated at €218.6 million.
As for expenses, support for companies and employment was €3.39 billion, particularly for the Apoiar programme (€1.07 billion), support for the transport sector (€603.5 million), extraordinary support for the progressive recovery of activity (€533 million) and furloughs (€367.5 million).
A year ago, the DGO said that from January to November 2020, the Covid-19 pandemic had an overall impact of €4.3 billion.
