SYNTHESIS INE@COVID-19, 29 Sept-2021

September . 29 . 2021 SYNTH SIS IN @ COVID-19 www.ine.pt page 5/8 Communication Unit | tel: +351 21 842 61 10 | sci@ine.pt • The adjusted Gross Disposable Income of households per capita stood at €16.6 thousand (+1.4% compared to the previous quarter), 2.2 p.p. lower than the rate of change of nominal GDP per capita. Taking quarterly figures as a reference rather than the year ended in the quarter, the GG balance in the 2 nd quarter of 2021 reached €-2 802.8 million, -5.3% of GDP, which compares with -10.6% in the same period of the previous year. Saving rate of Households and NPISH (%; accumulated sum of 4 quarters) More information available at: Quarterly national sector accounts – 2 nd quarter of 2021 (23 September 2021) 11,5% 0,0% 2,0% 4,0% 6,0% 8,0% 10,0% 12,0% 14,0% 16,0% -5,0 -4,0 -3,0 -2,0 -1,0 0,0 1,0 2,0 3,0 4,0 5,0 T3 T4 T1 T2 T3 T4 T1 T2 T3 T4 T1 T2 T3 T4 T1 T2 2017 2018 2019 2020 2021 Taxa de variação do consumo fi nal (escala à esquerda) Taxa de variação do rendimento disponível (escala à esquerda) Taxa de poupança (escala à direita) Main aggregates of general government Provisional estimate for 2020, with reference to the 2016 basis of the Portuguese National Accounts: • The overall general government balance (PA) increased by EUR 11.9 billion between 2019 and 2020, resulting in a financing need of EUR 11 684 billion in 2020 (-5.8 % of GDP). This negative development resulted, at the same time, from an increase in expenditure (+ 8.5 %) and a reduction in revenue (-4.6 %); • The balance of the Central Government was close to -14 billion euro (+ EUR 10 billion compared to 2019); • The Regional and Local Government presented a negative balance of -228 million euro (in 2019 it had recorded a surplus of more than EUR 600 million); • The balance of the Social Security Funds, although positive, deteriorated by almost EUR 800 million. The total revenue of PAs decreased by 4.6 % (around -4.2 billion euro) as a result of: • 4.5 % decrease in current revenue, mainly due to lower taxes on production and imports (-9.1 %); • Decrease in current taxes on income and wealth (-3.7 %), reflecting the sharp decline in economic activity in 2020; • % increase in income from social contributions; • A decrease of about 16 % in capital revenue.