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Ministry of Finance, Statistical Service



10/12/2019
Revised Figures: Quarterly Accounts of General Government, 3rd Quarter 2019

On the basis of the preliminary data on the General Government accounts for July-September 2019, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted €2.478,4 mn, while total expenditure reached €2.083,9 mn, resulting in a surplus of €394,5 mn as compared to a deficit of €1.169,5 mn in the corresponding period of the previous year.

The main categories of revenue for the period July-September 2019 were: taxes on production and imports €920,8 mn (12,7% increase as compared to the third quarter of 2018), of which net VAT was €595,9 mn (21,1% increase), taxes on income and wealth €698,0 mn (10,2% increase), and social contributions €620,5 mn (39,5% increase). Revenue from the sale of goods and services reached €161,7 mn registering a decrease of 3,8% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period July-September 2019 were: social transfers €757,4 mn (25,1% increase as compared to the corresponding period of 2018), and compensation of employees (including imputed social contributions and pensions of civil servants) €641,2 mn (11,6% increase). Intermediate consumption reached €228,0 mn (27,2% increase as compared to the corresponding period of the previous year).


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