Ministry of Finance, Statistical Service



18/11/2011
Latest Figures: Quarterly Accounts of General Government, 3rd Quarter 2011

On the basis of the preliminary data on the General Government accounts for the period July-September 2011, compiled in accordance to E.U. concepts and definitions, the total revenue amounted to €1.978,4 mn (8,3% increase compared to the corresponding period of 2010), while total expenditure reached €1.891,9 mn (2,1% decrease), resulting to a surplus of €86,5 mn as compared to €105,7 mn deficit in the corresponding period of the previous year.

The main categories of revenue for the period July-September 2011 were: taxes on production and imports €671,9 mn (0,3% decrease), of which VAT was €397,2 mn (0,9% decrease), and taxes on income and wealth €707,7 mn (23,8% increase). Revenue from sales of goods and services decreased by 3,7% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period July-September 2011 were: compensation of employees €685,4 mn (4,5% increase), social transfers €629,4 mn (4,9% increase) and current transfers €91,0 mn (2,9% decrease). Negative growth rates of 4,6% and 11,5% were observed in the categories of the capital formation and intermediate consumption respectively.


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