The shortfall between the government’s recurrent revenue and total expenditure last year was €143.7 million more than in 2011, and amounted to €362.3 million.

The National Statistics Office said that an increase of €71.9 million in recurrent revenue was exceeded by higher total expenditure of €215.6 million.

While recurrent revenue stood at €2,715.7 million, recurrent expenditure went up by €127.1 million to €2,488.4 million. Capital expenditure was recorded at €363.8 million compared to €288.7 million in 2011. The comparative increase of €75.1 million includes an equity injection of €20 million to Air Malta.

The government’s debt stood at €4,649.2 million, a rise of €164.6 million, or 3.7 per cent, compared to 2011.

 

Sign up to our free newsletters

Get the best updates straight to your inbox:
Please select at least one mailing list.

You can unsubscribe at any time by clicking the link in the footer of our emails. We use Mailchimp as our marketing platform. By subscribing, you acknowledge that your information will be transferred to Mailchimp for processing.