Ministry of Finance, Statistical Service



18/04/2011
Latest Figures: Quarterly Accounts of General Government, 4th Quarter 2010

Based on the preliminary data on the General Government accounts for the period October-December 2010, compiled in accordance to E.U concepts and definitions, the total revenue amounted to €2.091,9 mn (15,8% increase compared to the corresponding period of 2009). Total expenditure reached €2.473,3 mn, (4,7% increase) resulting to a deficit of €381,4 mn as compared to €556,5 mn deficit in the corresponding period of the previous year.

The main categories of revenue for the period October-December 2010 were: taxes on production and imports €735,2 mn (9,4% increase), of which VAT was €423,1 mn (13% increase), taxes on income and wealth €594,7 mn (11,1% increase). Revenue from sales of goods and services increased by 60,3% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period October-December 2010 were: compensation of employees €814,1 mn (zero growth as compared to the previous period) and social transfers €750,9 mn (22,8% increase). Current transfers reached €86,8 mn (49,8% decrease). Positive growth rates were observed in the category of capital formation (19,6%) and intermediate consumption (7,2%).

In 2010, the overall public sector balance registered a deficit of €926,1 mn, 5,3% of GDP.

Total public sector expenditure in 2010 increased by 5% and total revenue by 7% as compared to the previous year.

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