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Development budget implementation at 36%

20/10/2017 11:00
Implementation of development expenditure of the 2017 state budget amounted to 36% in the period of January – September, the Treasury reported on Thursday, against 39% in the same period last year.

Development expenditure in the first nine months stood at €280.601.075, from a total of €788.856.391 projected in the 2017 State Budget.

Total capital expenditure disbursed until end-September reached €172.387.864 or 31% of the €555.180.873 included in the state budget for 2017.

The implementation in the respective period of 2016 stood at 35%.

With regard to General Revenue the implementation rate for the period January - September 2017 was 75% or €4.535.476.508 from €6.045.243.998 projected in the state budget.

During the same period, the implementation rate in terms of expenditure stood at 64% or €4.313.722.402 from €6.745.850.742 included in the state budget.