In 2010 the overall public sector balance registered a deficit of 926,1 million euro, 5,3% of GDP, compared to a deficit of 6% in 2009, an announcement issued here today by the Statistical Service said.
Total public sector expenditure in 2010 increased by 5% and total revenue by 7% as compared to the previous year.
Based on the preliminary data on the General Government accounts for the period October-December 2010, compiled in accordance to E.U concepts and definitions, the total revenue amounted to 2.091,9 million euro (15,8% increase compared to the corresponding period of 2009), the announcement reads. It adds that total expenditure reached 2.473,3 million euro, (4,7% increase) resulting to a deficit of 381,4 million euro as compared to 556,5 million euro deficit in the corresponding period of the previous year.
The main categories of revenue for the period October-December 2010 were: taxes on production and imports 735,2 million euro (9,4% increase), of which VAT was 423,1 million euro(13% increase), taxes on income and wealth 594,7 million euro (11,1% increase).
Revenue from sales of goods and services increased by 60,3% as compared to the corresponding period of the previous year. The main categories of expenditure for the period October-December 2010 were: compensation of employees 814,1 million euro (zero growth as compared to the previous period) and social transfers 750,9 million (22,8% increase). |
