Government shortfall rises by €75.5 million to €333.9 million
- Government shortfall up by €85.1 million to €368.6 million
- Governement shortfall increases by €58.6 million
- Government shortfall up €84.6 million to €345.1 million
- Government shortfall rises €81.1 million to €337.5 million
- Government shortfall rises by €84.9 million to €328 million
- Government shortfall rises €56.5 million to €199.5 million
- Government shortfall rises €27.1 million to €235.8 million
- Government shortfall increases by €74.6 million, outstanding debt to €3,486.9 million
- Government debt rises by €270.6 million to €3,518.1 million
- Government shortfall increases €80.7 million
- Government shortfall increases by €80.1 million
- Government shortfall up by €76.6 million, Government debt up by €78.0 million
- Deficit rises by €139.5 million to €410.5 million
- Government shortfall up by €77.5 million to €243.2 million
- First quarter shortfall increases by €80.4 million
According to data obtained from the Consolidated Fund of Government, recurrent revenue for the first nine months of the year declined by €32.1 million, while total expenditure increased by €43.4 million. Thus, the shortfall between recurrent revenue and total expenditure amounted to €333.9 million, from €258.3 million last year.
For the first nine months this year, recurrent revenue totalled €1,553.6 million. The decline of 2.0 per cent compared to the corresponding period in 2008 was the result of lower Customs and Excise duties (-€55.5 million) and Value Added Tax (-€22.9 million) which outweighed the higher returns from Income Tax (+€21.5 million) and Social Security (+€19.3 million).
On the other hand, when compared to January-September 2008, all the expenditure categories moved upwards, resulting in a rise of €43.4 million in total expenditure.
Recurrent expenditure increased by €35.8 million, totalling €1,559.9 million. The main contributors to the increase in programmes and initiatives were higher social security benefits (+€30.3 million), the shipyards’ voluntary retirement schemes (+€19.8 million) and an increase in medicines and surgical materials (+€3.0 million) which were partly outweighed by a fall in the energy support measures (-€40.5 million). Personal emoluments added €16.8 million.
The interest component of the public debt servicing costs for the period under review went up by €2.5 million and amounted to €158.6 million.
In addition, Government’s Capital Expenditure for the first nine months this year amounted to €169.0 million from €163.9 million last year, up by 3.1 per cent.
The Central Government debt outstanding at the end of September amounted to €3,877.3 million, an increase of €359.2 million compared to September last year. Short-term and long-term borrowing rose by €151.2 million and €214.9 million respectively, while foreign borrowing declined by €14.1 million. The euro coins issued in the name of the Maltese Treasury, which are considered as a currency liability pertaining to the Central Government, amounted to €36.8 million, €7.2 million more compared to the euro coin stock as at end September last year.
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