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Ministry of Finance, Statistical Service



25/04/2014
Latest Figures: Quarterly Accounts of General Government, 4th Quarter 2013

Based on the preliminary data of the General Government accounts for the period October-December 2013, which are compiled in accordance with the European System of Accounts, the total revenue amounted to €1.970,5 mn (5,9% increase compared to the corresponding period of 2012). Total expenditure reached €2.559,7 mn, (6,3% increase) resulting to a deficit of €589,2 mn as compared to a €546,1 mn deficit for the corresponding period of the previous year.

The main categories of revenue for the period October-December 2013 were: taxes on production and imports €611,4 mn (16,8% decrease), of which VAT was €365,2 mn (18,3% decrease), taxes on income and wealth €610,9 mn (13,4% increase as compared to the same period of 2012). Revenue from sales of goods and services increased by 41,3% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period October-December 2013 were: social transfers €775,3 mn (13,5% increase) and compensation of employees €758,5 mn (9,2% decrease). Current transfers reached €87,5 mn (compared to €211,4 mn in the corresponding period of the previous year, marking a 58,6% decrease). Capital transfers amounted to €380,0 mn as compared to €178,0 mn in the corresponding period of the previous year, of which €299,0 mn concern compensation of provident funds and pensions deposits in former Laiki Bank.

In 2013, the overall public sector balance registered a deficit of €896,9 mn, 5,4% of GDP.

Total public sector expenditure in 2013 decreased by 6,9%, and revenue also registered a decrease of 4,6% as compared to the previous year.


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