Government generates €251m surplus in first two months

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Government generates €251m surplus in first two...
 © BusinessMail 2018
By Stelios Orphanides

The government generated a fiscal surplus of €250.6m on a cash basis in the first two months of the year compared to a surplus of €133m in the respective period of 2017, the finance ministry said.

The improvement in public finances in January to February was on a €142m increase in revenue, to €1.2bn, which offset a €28m increase in spending, to €963.4m, the finance ministry said in a statement on its website on Friday.

In the first two months of the year, direct tax revenue rose by €44m, to €369.8m, and indirect tax revenue rose by €66m, to €505.4m, the...


Government generates €251m surplus in first two months


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