During the first two months of this year Government registered a deficit of nearly 63 million euro between revenue and expenditure. During the same period last year, Government registered a balance of nearly 19 million euro.
Figures released by the National Statistics Office show that during January and February Government’s income increased by 4.8%, or just over 31 million euro.
During the same two months, total expenditure by Government increased by 17.7%. The NSO stated that recurrent expenditure had increased by nearly 74 million euro, whilst expenditure on capital projects increased by close to another 39 million euro.
Government debt in the first two months of the year went up by over 31 million euro when compared to February of last year.