Government registers surplus of €17.5 million in Q4 of 2019

22nd April 2020

The surplus marks an increase of €52.3 million when compared to the corresponding quarter in 2018.

The latest figures by the National Statistics Office on Government accounts show a surplus of €17.5 million during the period October to December 2019, where total revenue stood at €1,384.4 million.

The figures reflect an increase of €52.3 million when compared to the corresponding quarter in 2018. Meanwhile, total expenditure in Q4 2019 amounted to €1,366.9 million, an increase of €52 million compared to the same quarter in 2018.

Increases in revenue were registered in current taxes on income and wealth (€68.3 million), market output (€31.5 million) and net social contributions (€6.0 million).

These was partially outweighed by decreases in capital transfers receivable (€28.4 million), property income receivable (€13.1 million), current transfers receivable (€7.8 million) and taxes on production and imports (€4.2 million).

Conversely, increases in expenditure were recorded in intermediate consumption (€41.7 million), compensation of employees (€34.4 million), gross capital formation (€30.6 million), as well as social benefits and social transfers in kind (€13.3 million). Compared to the corresponding quarter in 2018, current transfers payable and capital transfers payable both registered a decrease of €47.7 million and €19.6 million respectively.

23rd April 2020

“This will enable our country to strengthen our knowledge about the coronavirus and other tools which might help the health authorities while doing their analysis.”

21st April 2020

Extraordinary numbers within the context of unprecedented developments and restrictions related to COVID-19

21st April 2020

Several airlines around the world have been hit hard in the wake of travel restrictions imposed by coronavirus limitations

The European Investment Bank report highlights the unprecedented role digital technology is playing in daily life during the COVID-19 pandemic.