Ministry of Finance, Statistical Service



14/08/2017
Latest Figures: Quarterly Accounts of General Government, 2nd Quarter 2017

On the basis of the preliminary data on the General Government accounts for April-June 2017, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted €1.633,0 mn (11,0% increase as compared to the corresponding period of 2016), while total expenditure reached €1.771,4 mn (6,7% increase), resulting in a deficit of €138,4 mn as compared to a deficit of €188,7 mn in the corresponding period of the previous year.

The main categories of revenue for the period April-June 2017 were: taxes on production and imports €710,9 mn (12,7% increase as compared to the first quarter of 2016), of which VAT was €407,9 mn (9,6% increase), social contributions €401,3 mn (9,0% increase), and taxes on income and wealth €259,9 mn (8,1% decrease). Revenue from sales of goods and services reached €147,5 mn registering an increase of 25,7% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period April-June 2017 were: social transfers €685,8 mn (4,4% increase compared to the corresponding period of 2016), and compensation of employees (including imputed social contributions and pensions of civil servants) €558,3 mn (6,7% increase). Intermediate consumption reached €178,0 mn (29,5% increase as compared to the corresponding period of the previous year).


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