14/08/2014 12:08
Fiscal deficit was reduced by €198 mn in the second quarter of 2014 compared with the same period of 2013, mainly as a result of a significant decrease of expenditure for civil servant`s compensation and decrease of social benefits.
According to data released today by the Statistical Service, on the basis of the preliminary data on the General Government accounts for the period April-June 2014 the total revenue amounted to €1612,2 mn (1,0% increase compared to the corresponding period of 2013), while total expenditure reached €1623,8 mn,(10,1% decrease) resulting in a deficit of €11,6 mn as compared to €209,5 mn deficit in the corresponding period of the previous year.
The main categories of revenue for the period April-June 2014 were: taxes on production and imports €579,8 mn (17,2% decrease), of which VAT was €335,4 mn (18,5% decrease), taxes on income and wealth €302,9 mn (17,4% decrease).
Revenue from sales of goods and services increased by 7,0% as compared to the corresponding period of the previous year reaching 99,6 mn.
During the period April-June 2014, revenue from dividends amounted to 181,4 mn, as compared to 89,4 mn received during 2013 and recorded in the period January-March 2013.
As noted, the main categories of expenditure for the period April-June 2014 were: compensation of employees (including imputed social contributions and pensions of civil servants) €527,3 mn (9,4% decrease), and social transfers €669,3 mn (11,5% decrease), current transfers reached €78,1 mn (17,3% decrease).
Negative growth rate was observed in the category of intermediate consumption (14,2% decrease) reaching 159,6 mn.
According to data released today by the Statistical Service, on the basis of the preliminary data on the General Government accounts for the period April-June 2014 the total revenue amounted to €1612,2 mn (1,0% increase compared to the corresponding period of 2013), while total expenditure reached €1623,8 mn,(10,1% decrease) resulting in a deficit of €11,6 mn as compared to €209,5 mn deficit in the corresponding period of the previous year.
The main categories of revenue for the period April-June 2014 were: taxes on production and imports €579,8 mn (17,2% decrease), of which VAT was €335,4 mn (18,5% decrease), taxes on income and wealth €302,9 mn (17,4% decrease).
Revenue from sales of goods and services increased by 7,0% as compared to the corresponding period of the previous year reaching 99,6 mn.
During the period April-June 2014, revenue from dividends amounted to 181,4 mn, as compared to 89,4 mn received during 2013 and recorded in the period January-March 2013.
As noted, the main categories of expenditure for the period April-June 2014 were: compensation of employees (including imputed social contributions and pensions of civil servants) €527,3 mn (9,4% decrease), and social transfers €669,3 mn (11,5% decrease), current transfers reached €78,1 mn (17,3% decrease).
Negative growth rate was observed in the category of intermediate consumption (14,2% decrease) reaching 159,6 mn.
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