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Ministry of Finance, Statistical Service

Latest Figures: Quarterly Accounts of General Government, 2nd Quarter 2012

On the basis of the preliminary data on the General Government accounts for the period April-June 2012, compiled in accordance to E.U concepts and definitions, the total revenue amounted to €1500,9 mn (9,7% decrease compared to the corresponding period of 2011), while total expenditure reached €1910,3 mn,(3,4% decrease) resulting to a deficit of €409,4 mn as compared to €315,8 mn deficit in the corresponding period of the previous year.

The main categories of revenue for the period April-June 2012 were: taxes on production and imports €620,7 mn (7,3% decrease), of which VAT was €359,5 mn (3,6% decrease), taxes on income and wealth €308,4 mn (18,1% decrease). Revenue from sales of goods and services increased by 5,3% as compared to the corresponding period of the previous year reaching 110,1 mn..

The main categories of expenditure for the period April-June 2012 were: compensation of employees €669,0 mn (2% increase), and social transfers €698,8 mn (4,8% increase), current transfers reached €112,3 mn (23,7% decrease). Negative growth rate was observed in the category of the capital formation (33,2% decrease) reaching 103,0 mn.



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