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Ministry of Finance, Statistical Service



15/05/2018
Latest Figures: Quarterly Accounts of General Government, 1st Quarter 2018

On the basis of the preliminary data on the General Government accounts for January-March 2018, which are compiled in accordance to EU concepts and definitions (ESA 2010), total revenue amounted €1.853,9 mn (9,5% increase as compared to the corresponding period of 2017), while total expenditure reached €1.556,6 mn (2,0% increase), resulting in a surplus of €297,3 mn as compared to a surplus of €166,3 mn in the corresponding period of the previous year.

The main categories of revenue for the period January-March 2018 were: taxes on production and imports €743,2 mn (15,1% increase as compared to the first quarter of 2017), of which VAT was €450,4 mn (24,9% increase), taxes on income and wealth €447,5 mn (11,2% increase), and social contributions €433,3 mn (3,2% increase). Revenue from sales of goods and services reached €126,4 mn registering an increase of 10,8% as compared to the corresponding period of the previous year.

The main categories of expenditure for the period January-March 2018 were: social transfers €598,3 mn (0,8% increase compared to the corresponding period of 2017), and compensation of employees (including imputed social contributions and pensions of civil servants) €552,0 mn (6,1% increase). The capital account recorded an expenditure of €67,5 mn (€58,4 mn investments and €9,1 mn capital transfers) as compared to €73,8 mn in 2017 (€64,4 mn investments and €9,4 mn capital transfers), a decrease of 8,5% as compared to the corresponding period of last year. Intermediate consumption reached €100,8 mn (4,0% increase as compared to the corresponding period of the previous year).


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