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UTAO points to another bright spot in the deficit. Inflation Helps – State Budget

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UTAO points to another bright spot in the deficit.  Inflation Helps - State Budget

The Minister of Finance should be able to reach the end of this year with a deficit below that provided for in the state budget, which came into force just over two weeks ago, indicates the Technical Budget Support Unit (UTAO) in a report on the accounts of public administrations from January to March 2022 of the year.

“The known data for 2022 in the national accounts, although only for the 1st quarter, gives positive indications of the likelihood of exceeding the planned budget target,” say technical specialists who support MPs in the parliamentary committee on budget and finance, despite the risks of war in Ukraine. And inflation helps to achieve a better-than-expected result.

“In the remaining quarters of 2022, it is expected that revenue may continue to benefit from the inflationary context, as well as the fact that the total net costs with COVID-19 measures will be lower than in 2021,” UTAO acknowledges. . On the other hand, the parliament’s technical specialists recognize “downside risks associated with economic development in the coming quarters, namely in relation to the impact of monetary policy on the expectations of economic agents and the government’s fiscal response to pressure” due to the conflict in Ukraine. which may represent “additional costs compared to those provided for in the second proposal of the state budget for 2022” (OE 2022).

In OE 2022, Finance Minister Fernando Medina expects a deficit of 1.9% of gross domestic product (GDP), a value already included in the Stability Program presented by his predecessor João Leão in March.

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In the first quarter of this year, the general government budget balance in public accounts that matters to Brussels was -0.4% of GDP, 5.5 percentage points better than the same period in 2021 when the economy closed. again due to the covid-19 pandemic.

VAT and IRS are higher than before the pandemic

The UTAO specialists conclude that the “very favorable” dynamics of government accounts was largely due to three factors: GDP growth, increased tax revenues and reduced spending on measures to combat coronavirus. “Summarizing, we can say that the very favorable dynamics of the budget balance on an annualized basis in the first quarter of 2022 has the following main explanations: a significant increase in nominal GDP (12.5%); ), a strong response from tax revenues (+20.1%) and lower fees from COVID-19 policies excluding community co-financing (-49.7%),” the document said Monday.

In other words, if you subtract the costs of the pandemic – remember that the first three months of 2021 still required a lot of support from businesses and families – tax revenue and economic growth account for a third of the balance sheet improvement.

Otherwise, there are taxes that are already above pre-health crisis levels. “In terms of tax evolution, VAT and IRS revenues have already exceeded pre-pandemic levels in nominal terms,” the UTAO said in a statement.

(News updated at 18:15)

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Economy

Everything has been delivered. 10 Bugatti Centodieci are already in the hands of the owners

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Everything has been delivered.  10 Bugatti Centodieci are already in the hands of the owners

OAll Bugatti Centodieci have been delivered, the Molsheim-based brand said on Monday. Cristiano Ronaldo received the number 07 in October this year. and Bugatti has now revealed that the latest unit – #10 – is already in the possession of its owner.

“The Centodieci combines all the values ​​of the Bugatti brand in an extraordinary package: rarity, innovation, heritage, craftsmanship and unrivaled performance. The production batch of 10 units was so in demand by our customers that it was sold before the Centodieci. was even officially presented,” said Christophe Piochon, president of Bugatti.

This latest example is finished in Quartz White with carbon fiber trim on the bottom and matte grilles. The brake calipers are painted in Light Blue Sport, as is the logo on the rear that refers to the EB110, the iconic Bugatti model that inspired this Centodieci. Inside, the predominant color is also blue, as you can see in the images above.

This block is powered by the same block as the other nine instances. The 8.0-liter W16 with four turbines is capable of developing 1600 hp. In terms of performance, this allows the Centodieci to hit 100 km/h in just 2.4 seconds and reach a top speed of 380 km/h.

Recall that each unit costs the owners eight million euros before taxes.

Read also: We already know when the Bugatti Centodieci fell into the hands of Ronaldo.

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Economy

The first Dacia hybrid. “The cheapest hybrid family on the market”

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The first Dacia hybrid.  "The cheapest hybrid family on the market"

BUT Dacia revealed this Monday that the hybrid engine has been available since March on the Jogger, the Romanian brand’s model known to be available with a seven-seat variant.

The Jogger Hybrid 140, Dacia’s first hybrid, will hit dealerships in March, but customers can expect and order it as early as January.

The price has been revealed by Dacia and since it’s only available in the seven-seater SL Extreme, it starts at €28,800. The brand claims it is “the most affordable hybrid family car on the market.”

Available in six existing colors to celebrate the launch of this hybrid, there will be a slate gray version, as you can see in the images above.

Equipped with a 1.6 liter four-cylinder petrol engine with 90 hp, the Jogger is also powered by two electric motors (a 50 hp engine and a high-voltage starter-generator). The total power is 140 horsepower. The electric transmission is automatic, four-speed, connected to an internal combustion engine, and two speeds are connected to an electric motor. This combined technology was possible, according to Dacia, only due to the lack of clutch.

Combined with the energy recovery levels of the 1.2kWh (230V) battery pack and the efficiency of the automatic transmission, regenerative braking delivers all-electric traction on 80% of urban journeys and saves up to 40% of fuel compared to a combustion engine vehicle.

Read also: Dual-fuel Dacia Jogger Eco-G. We tried 5 seater and LPG…

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Economy

See how Tesla tests its electric Semi truck in the worst-case scenarios

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Tesla Semi camião elétrico testes

Tesla has finally been able to bring its long-awaited Semi to market. This electric truck promises to revolutionize transportation and bring all the unique characteristics of this type of electric vehicle to this class of vehicles.

Now that the first units have been delivered, there is hope that they will finally be mass-produced and reach more transport companies. With so many promises to be kept, a new video is now emerging showing Tesla testing its Semi truck under worst-case scenarios.


Tesla Semi is already on the market

Like all Tesla electric vehicles, Semi follows the same line of creating a unique design associated with a platform with the most modern technology available. The proof is in what was presented to the public and surprised most people.

To prove the quality of this new proposal, Tesla published in your LinkedIn account new video. In it, he reveals some of the testing he's done to determine the strength and quality of the Semi's design and its (potential) durability.

Tests to prove its durability

It has been revealed that the Tesla electric truck is subjected to numerous tests and its application in the worst scenarios that drivers may face. It doesn't stop at the ruggedness of the Semi's designs, but goes further and focuses on the motors and batteries themselves.

This is the proof that many have been waiting for to ensure that this new proposal is not limited to a lot of autonomy. Its resistance is great and will provide greater durability, further enhancing the Semi's value and performance.

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high quality electric truck

Tesla has already showcased the Semi's quality with a video showing its truck driving roughly 500 miles on just one charge. The big news here is that he managed to make this long journey with a maximum load of about 37 tons.

Now Tesla remains to widely place the Semi on the market. At the moment, only a few companies have access to this new product, with a very long list of pending deliveries, who want to start mass-using this electric truck offering.

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