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Ministry of Finance, Statistical Service



15/05/2020
Latest Figures: Quarterly Accounts of General Government, 1st Quarter 2020

On the basis of the preliminary data on the General Government accounts for January-March 2020, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted €2.082,6 mn, while total expenditure reached €1.918,4 mn, resulting in a surplus of €164,2 mn as compared to a surplus of €66,8 mn in the corresponding period of the previous year.

The main categories of revenue for the period January-March 2020 were: taxes on production and imports €750,6 mn (1,2% decrease as compared to the first quarter of 2019), of which net VAT was €469,2 mn (2,8% decrease), social contributions €571,7 mn (10,4% increase) and taxes on income and wealth €500,8 mn (1,2% increase). Revenue from the sale of goods and services reached €165,6 mn registering an increase of 28,9% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period January-March 2020 were: social transfers €647,0 mn (6,0% increase as compared to the corresponding period of 2019), and compensation of employees (including imputed social contributions and pensions of civil servants) €641,4 mn (7,9% increase). Intermediate consumption reached €288,4 mn (92,4% increase as compared to the corresponding period of the previous year).


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