Revenues fell 3% compared to the same period last year, and expenses rose 13%. A drop in the collection of taxes paid by individuals stands out.
Meanwhile, the expenses for pensions, those destined to the health of the poorest and the elderly, as well as defense expenses, increased.
Among the notorious expenses of the period are 29,000 million overturned by the US agency that guarantees bank deposits, FDIC, “linked to Silicon Valley Bank (SBV) and Signature Bank,” a Treasury official told reporters.
Three regional US banks, starting with California-based technology-sector SVB, failed in March, amid a run on deposits as asset values fell and clients withdrew money amid rising interest rates.
