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Ministry of Finance, Statistical Service



07/09/2007
LATEST FIGURES: QUARTERLY ACCOUNTS OF GENERAL GOVERNMENT, 2nd QUARTER 2007
07/09/2007



On the basis of the preliminary data on the General Government accounts for the period January-June 2007, compiled in accordance to E.U concepts and definitions, the total revenue amounted to £1834,4mn (17,8% increase compared to the corresponding period of 2006), while total expenditure reached £1751,2mn,(8,2% increase) resulting to a surplus of £83,2mn as compared to £60,9mn deficit in the corresponding period of the previous year.

The main categories of revenue for the period April-June 2007 were: taxes on production and imports £418,0mn (11% increase), of which VAT was £234,9mn (10,2% increase), taxes on income and wealth £209,8mn (30,3% increase).Revenue from sales of goods and services increased by 24,8% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period April-June 2007 were: compensation of employees £307,9mn (5% increase), and social transfers £279,9mn (13,8% increase),current transfers reached £84,7mn(27,0% increase). Negative growth rates were observed in the categories of capital formation (30,5% decrease) and intermediate consumption (14,7% decrease).













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