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Road concession payments mar otherwise excellent government figures

a22The flow of funds from taxpayers and Portugal’s companies into the State’s coffers has helped the overall deficit figure ease to a year-to-date figure for general government spending of €569 million, better than last year’s €2.29 million.

The result of collecting an average of €113 million-a-day in taxation has contributed to a 4.1% growth in tax revenue and an increase in Tax Authority expenditure of 0.1% – a figure the Finance Ministry calls “residual.”


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