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Ministry of Finance, Statistical Service



15/11/2006
LATEST FIGURES: QUARTERLY ACCOUNTS OF GENERAL GOVERNMENT, 3rd QUARTER 2006
15/11/2006



On the basis of the preliminary data on the General Government accounts for the period July-September 2006, compiled in accordance to E.U concepts and definitions, the total revenue amounted to £972,2mn (21,2% increase in relation to the third quarter of 2005) while total expenditure reached £914,6mn (7,9% increase) i.e. there was a surplus of £57,6mn compared to a deficit of £30,6mn during the third quarter of 2005.

For the period January-September 2006 total revenue amounted to £2529,4mn and total expenditure amounted to £2532,7mn resulting to a deficit of £3,3mn (almost 0% of GDP).

The main categories of revenue for the period January-September 2006 were: taxes on production and imports £1090,9mn (14,5% increase), of which VAT was £642,5mn (increase 14,7%), taxes on income and wealth £644,5mn (25% increase), social contributions £461,5mn (7,4% increase).

The main categories of expenditure for the period January-September 2006 were: compensation of employees £881,2mn (9% increase), and social transfers £687,3mn (6,3% increase).













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