Deficit down €29 million
The deficit fell by €29.4 million to total €107.1 million in January when compared to the same month last year.
The National Statistics Office said the drop was due to a €4.2 million rise in revenue and a €25.2 million drop in expenditure.
It said revenue in January totalled €137.3 million after income tax yielded an additional €5.7 million, VAT receipts were up €3.8 million and social security contributions increased by €1.9 million.
Expenditure stood at €244.4 million as a result of a drop of €25.2 million on capital projects spending.
Government debt at the end of January stood at €3,877.1 million, that is, an increase of €295.2 million over the same month last year.
Short- and long-term borrowing rose by €43.6 million and €261.7 million respectively while foreign lending fell by €13.6 million.
Euro coins issued by the Treasury, which are considered a liability, amounted to €36.6 million, €4.3 million more than last year.
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Carmel Cilia
Mar 1st 2010, 17:32
To that one must at least add the ll million our finance boy has said that were going to be paid back as income tax refunds by end of February. To date I still havn't receive what has been owned to me for tax overpayment in basic year 1996 notwithstanding what was promised by the former minister John Dalli before the last election. I know red is not your colour but at least you should change colour in shame: words words and promises is all that the people are getting from this rotten lot.
Paul Debono
Mar 1st 2010, 12:52
The latest information from NSO published December 24th, 2009:
"During January-November 2009, the shortfall between recurrent revenue
and total expenditure of Central Government increased by €139.5 million to
€410.5 million."
http://www.nso.gov.mt/statdoc/document_file.aspx?id=2654
Today is March 1st, 2010 - How come the full year deficit figures for 2009 have not been published yet?
laurence schembri
Mar 1st 2010, 12:32
Let us put it in plain english. €4.2 million in taxes and €25.2 million in cut-backs.
Paul Debono
Mar 1st 2010, 11:56
Is it not odd that we have deficit figures for January 2010 but no information how much the Goverment budget deficit is for 2009?