Government generates €482.1m surplus in 11 months

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Government generates €482.1m surplus in 11 months
 © BusinessMail 2018
By Stelios Orphanides

The government generated a fiscal surplus of €482.1m in the first eleven months of the year or 2.5 per cent of economic output, the statistical service said on Friday.

The surplus compares to €88.5m or 0.5 per cent of economic output for the same period in 2016.

The improved fiscal results were mainly on a 9.5 per cent annual increase in revenue to €6.5bn in January to November which outstripped a 3 per cent increase in spending to €6.1bn, Cystat said in a statement on its website.

Revenue from taxes on production and imports rose 13...

This article was automatically added to our system 29-12-2017

Government generates €482.1m surplus in 11 months

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