A deficit of €35.2 million was reported for the January-November period, after recurrent revenue rose by 5.9 per cent, but expenditure – both recurrent and capital – increased by 9.3 per cent.
A year before, the government reported a surplus of €84.6 million for the same period.
By the end of November 2018, Central Government Debt stood at €5,199.6 million, a €199.3 million drop from the corresponding month last year.
Recurrent revenue: +€218.5 million
- Income Tax (+€109.5 million).
- Value Added Tax (+€82.0 million),
- Social Security (+€74.9 million),
- Grants (-€47.2 million),
- Fees of Office (€32.3 million)
Recurrent expenditure: +€212.7 million
- Programmes and Initiatives (+€80.4 million)
- Contributions to Government Entities (€56.3 million)
- Personal Emoluments (€49.0 million)
- Operational and Maintenance Expenses (€26.9 million)
- EU presidency 2017 (-€27.5 million)
- Public debt servicing (-€12.1 million)
Capital expenditure : +€137.8 million
- EU structural funds (+€43.6 million)
- Road construction and improvements (+€27.3 million)
- EU cohesion funds (+€26.6 million
- Investment incentives (+€12.8 million)