Deficit sharply up

The government account in the first quarter of this year registered a deficit of €162.5 million, compared to €107.8 million in the first quarter last year, the National Statistics Office said. During the March quarter total revenue amounted to €483.3...

The government account in the first quarter of this year registered a deficit of €162.5 million, compared to €107.8 million in the first quarter last year, the National Statistics Office said.

During the March quarter total revenue amounted to €483.3 million, an increase of €38.5 million compared to the first quarter of 2007. Total expenditure during the first quarter amounted to €645.8 million, registering a comparative increase of €93.2 million.

Total general government debt outstanding at the end of March this year amounted to €3,374 million.

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