Page 72 - Economic report 2020

SETTLED BUDGET BALANCE OF THE COMÚ GOVERNMENTS - Millions of euros
Chart 8.7

2021 2022

Source: Comú governments / Department of Statistics.

€29.7 million. This surplus represents 0.9% of The Comú governments’ surplus
GDP, 0.4 points more than in 2021. increased from 3.9 million in 2021

to 19.3 million in 2022.
In detail, it can be seen that only Andorra la Vella
presented a deficit in 2022 and, moreover, one
that increased from the previous year (from -0.4 million to -5.3 million). The other Comú governments
presented positive balances that were better than the previous year, except Encamp, where it fell
from 3.4 to 0.1 million. Among all the Comú governments, the one that most improved its budget
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situation was undoubtedly Canillo, going from a deficit of 3.6 million to a surplus of 9.8 million, the
highest of them all.

As for the trend in debt, 2022 ended with an accumulated, consolidated Comú debt of €78 million,
according to provisional data published by the corporations. This figure represents a decline of
34.7% since 2021 and the lowest level of debt in the historical series that started in 2007. So, all
the Comú governments are below the legal debt limit (200% of average settled revenue in the last
three years) for the ninth consecutive year, with percentages that vary between 99.8% for Ordino
and 19% for Escaldes-Engordany, according to provisional data for 2022.

COMÚ DEBT - Euros per capita
Andorran economy: general developments | VIII. Public sector
Chart 8.8

2021 2022
Note: Data published by the Comú governments for 2022 and data reviewed by the Court of Audit for 2021, except in the cases of Canillo, Sant Julià de
Lòria and Escaldes-Engordany, for which the 2021 debt data reviewed by the Court of Audit are unavailable, so the data published by the respective Comú
governments have been used.
Source: Comú governments, Court of Audit and Department of Statistics.