Government generates €297m budget surplus in Q1

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Government generates €297m budget surplus in Q1
 © BusinessMail 2018
By Stelios Orphanides

The government generated a fiscal surplus of €297.3m in the first three months of the year, compared to a surplus of €166.3m in the respective quarter of 2017, the statistical service said.

In January to March, total government revenue rose an annual 9.5 per cent, to €1.9bn, while total spending rose 2 per cent, to €1.6bn, Cystat said in a statement on its website on Tuesay.

Revenue from tax on production rose in the first three months of the year an annual 15 per cent,to €743.2m, value added tax (VAT) 25 per cent, to €450.4m, tax on income...


This article was automatically added to our system 15-5-2018

Government generates €297m budget surplus in Q1


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