The General Government recorded a surplus of €867.5 mn for the period of July-September 2024, as compared to a surplus of €872.8 mn that was recorded during the same period of 2023, according to the preliminary General Government fiscal results, prepared by the Statistical Service on Friday.

During the third quarter of the year, total revenue increased by €255.7 mn or 6.9% and amounted to €3,966.1 mn, compared to €3,710.4 mn in the corresponding period 2023 and total expenditure increased by €261 mn, or 9.2% and amounted to €3,098.6 mn, from €2,837.6 mn in the corresponding period of 2023.

Revenue

Social contributions increased by €126.2 mn (+13.2%) and amounted to €1,085.5 mn, compared to €959.3 mn in the third quarter of 2023.

Revenue from taxes on income and wealth increased by €157.3 mn (+13.9%) and amounted to €1,288.4 mn, compared to €1,131.1 mn in the corresponding quarter of 2023.

Revenue from the sale of goods and services increased by €66.9 mn (+30.7%) and amounted to €284.9 mn, compared to €218 mn in the third quarter of 2023.

Property income receivable increased by €3.9 mn (+14.3%) and amounted to €30.8 mn, compared to €26.9 mn in the corresponding quarter of 2023. On the contrary, taxes on production and imports decreased by €26.5 mn (-2.1%) to €1,215.4 mn, from €1,241.9 mn in the third quarter of 2023, of which net VAT revenue decreased by €13.1 mn (-1.5%) to €834 mn, from €847.1 mn in the corresponding quarter of 2023.

Other current transfers decreased by €26.7 mn (-30.9%) to €59.7 mn, from €86.4 mn in the third quarter of 2023. Capital transfers decreased by €45.5 mn (-97%) to €1.4 mn, from €46.9 mn in the corresponding quarter of 2023.