Filenews 31 August 2022
General Government surplus of €141.8 million show the preliminary data of the Statistical Service for the period January-July 2022.
Specifically, the preliminary fiscal results prepared by the Statistical Service for the period January-July 2022 show a surplus of the General Government of the order of €141,8 million. (0.6% of GDP) compared to a deficit of €711.0m. (3,0% in GDP) for the period January-July 2021
EXPENDITURE
Total expenses during the period January-July 2022 increased by €9.5 million. (+0.2%) and stood at €5,753.3m. compared to €5,743.8 million. in the corresponding period of 2021.
Specifically, social benefits increased by €226.4 million. (+10.6%) and stood at €2,352.7m. compared to €2,126.3 million. in 2021. Staff salaries (including imputed social contributions and civil servants' pensions) increased by €72.2 million. (+4.5%) and stood at €1,690.8m. compared to €1,618.6 million. in 2021. Intermediate consumption increased by €86.6m. (+16.9%) and stood at €597.4m. compared to €510.8 million. in 2021. Current transfers increased by €32.2m. (+9.3%) and stood at €380.2m. compared to €348.0m. in 2021.
The capital account increased by €79.4m. (+24.6%) and stood at €402.4m. compared to €323.0 million. in 2021. In detail, fixed capital investments increased by €45.6m. (+16.9%) and stood at €315.9m. compared to €270.3 million. in 2021 and other capital transfers increased by €33.8m. (+64.1%) and stood at €86.5m. compared to €52.7 million. in 2021.
On the contrary, subsidies decreased by €460.9 million. and were limited to €44.1 million. compared to €505.0 million. in 2021. Interest paid decreased by €26.3m. (-8.4%) and were limited to €285.7m. compared to €312.0 million. in 2021.
REVENUE
Total revenues during the period January-July 2022 increased by €862,3 million. (+17.1%) and stood at €5,895.1m. compared to €5,032.8 million. in the corresponding period of 2021.
Specifically, total taxes on production and imports increased by €342.2 million. (+18.3%) and stood at €2,212.3m. compared to €1,870.1 million. in 2021, of which net VAT revenues (after deduction of refunds) increased by €267.7 million. (+22.6%) and stood at €1,454.4m. compared to €1,186.7 million in 2021. Income and wealth tax revenues increased by €242.9m. (+22.0%) and stood at €1,344.9m. compared to €1,102.0 million. in 2021. Social contributions increased by €236.9 million. (+16.1%) and stood at €1,707.0m. compared to €1,470.1 million. in 2021. Revenues from the provision of services increased by €47.0m. (+14.3%) and stood at €374.8m. compared to €327.8 million. in 2021. Interest and dividends received increased by €37.9m. (+58.8%) and stood at €102.4m. compared to €64.5m. in 2021.
On the contrary, capital transfers decreased by €30.1m. (-41.7%) and were limited to €42.1m. compared to €72.2m. in 2021. Current transfers decreased by €14.4m. (-11.4%) and were limited to €111.6m. compared to €126.0m. in 2021.
