The government in the third quarter of last year had a deficit of €49.4 million, down from €74.0 million in the comparable period of 2009.

The NSO said that total revenue stood at €580.6 million, an increase of €50.3 million compared to the corresponding quarter in 2009. The main contributors were income tax (+€32.9 million), capital transfers receivable (+€20.3 million) and property tax (+€10.8 million).

There was a drop in revenue from taxes on production and imports and market output of €7.5 million and €5.0 million respectively.

Total expenditure stood at €630.0 million, up by €25.7 million from the comparable period in 2009, mainly triggered by ‘current transfers payable’ (+€14.7 million), ‘social benefits and social transfers in kind’ (+€10.7 million) and ‘capital transfers payable’ (+€9.6 million).

The total General Government debt outstanding at the end of September 2010 increased by €323.4 million from the comparable period in 2009, and amounted to €4,257.3 million.

This was characterised by higher long-term securities (Malta Government Stocks) which went up by €423.3 million. In contrast, Central Government short-term securities and loans declined by €99.4 million and €4.3 million respectively.

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.