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- Ελληνικά
Surplus of €45.1 million
Preliminary fiscal results prepared by the Statistical Office for the period October-December 2023 show a general government surplus of €45.1 million. compared to a surplus of €29.2 million for the October-December 2022 period.
Revenue
Total revenue, in the October-December 2023 period, increased by €439.2 million. (+13.0%) and amounted to €3,826.2 million compared to €3,387.0 million in the corresponding period of 2022.
In particular, taxes on production and imports increased by €121.9 million (+11.5%) and amounted to €1,179.5 million compared to €1.057.6 million in the fourth quarter of 2022, of which net VAT revenue (net of refunds) increased by €71.2 million (+9.9%) to €791.3 million compared to €720.1 million in the fourth quarter of 2022. Social contributions increased by €98.4 million (+11.1%) to €984.7 million compared to €886.3 million in the fourth quarter of 2022. Income and wealth tax revenues increased by €17.5 million (+1.9%) to €936.3 million compared to €918.8 million in the corresponding quarter of 2022. Revenue from goods and services increased by €37.0 million (+13.6%) to €308.8 million compared to €271.8 million in the fourth quarter of 2022. Capital transfers increased by €138.2 million to €271.3 million compared to €133.1 million in the corresponding quarter of 2022. Property income receivable increased by €39.4 million to €55.7 million compared to €16.3 million in the fourth quarter of 2022.
In contrast, current transfers decreased by €13.1 million (-12.7%) to €89.9 million compared to €103.0 million in the corresponding quarter of 2022.
Expenditure
Total expenditure, in the October-December 2023 period, increased by €423.2 million (+12.6%) to €3,781.1 million compared to €3,357.9 million.
In particular, social benefits increased by €79.4 million (+6.6%) to €1,282.2 million compared to €1,202.8 million in the fourth quarter of 2022.
Specifically, social benefits increased by €79.4 million (+6.6%) to €1,282.2 million compared to €1,202.8 million in the fourth quarter of 2022. Staff remuneration (including imputed social contributions and civil servants' pensions) increased by €144.8 million (+14.8%) to €1,125.1 million compared to €980.3 million in the corresponding quarter of 2022. Property income payable increased by €31.0 million (+35.3%) to €119.0 million compared to €88.0 million in the fourth quarter of 2022. Other current expenses increased by €33.4 million (+13.6%) to €278.9 million compared to €245.5 million in the corresponding quarter of 2022.
The capital account increased by €191.9 million (+53.5%) to €550.8 million (€456.8 million capital expenditures and €94.0 million capital expenditures).
In contrast, interim consumption decreased by €18.7 million (-4.6%) to €385.1 million compared to €403.8 million in the fourth quarter of 2022 (€358.9 million) (€309.1 million capital investments and €49.8 million capital transfers).
In contrast, interim consumption decreased by €18.7 million (-4.6%) to €385.1 million compared to €403.8 million in the fourth quarter of 2022. Subsidies decreased by €38.6 million (-49.1%) and were limited to €40.0 million compared to €78.6 million in the fourth quarter of 2022.
| Table |
[TR] [TD]
Macroeconomic Indicators of General Government
[/TD] [TD]Euro (millions)
[/TD] [TD]Change
[/TD] [/TR] [TR] [TD]Fiscal
Results
[/TD] [TD]Variance
[/TD] [TD](%)
[/TD] [/TR] [TR] [TD]T4 2022
[/TD] [TD]T4 2023
[/TD] [TD]T4 2023/22
[/TD] [TD]T4 2023/22
[/TD] [/TR] [TR] [TD]Total Revenue
[/TD] [TD]3.387.0
[/TD] [TD]3,826.2
[/TD] [TD]439.2
[/TD] [TD]13.0
[/TD] [/TR] [TR] [TD]Taxes on Production and Imports
[/TD] [/TD] [TD]1.057,6
[/TD] [TD]1,179,5
[/TD] [TD]121,9
[/TD] [TD]11,5
[/TD] [/TR] [TR] [TD]of which VAT
[/TD] [TD]720.1
[/TD] [TD]791.3
[/TD] [TD]71.2
[/TD] [TD]9.9
[/TD] [/TR] [TR] [TD]Current Taxes on Income and Wealth etc.
[/TD] [TD]918.8
[/TD] [TD]936.3
[/TD] [TD]17.5
[/TD] [TD]1,9
[/TD] [/TR] [TR] [TD]Social Contributions
[/TD] [TD]886.3
[/TD] [TD]984.7
[/TD] [TD]98.4
[/TD] [TD]11,1
[/TD] [/TR] [TR] [TD]Other Current Revenue
[/TD] [TD]391.2
[/TD] [TD]454.4
[/TD] [TD]63.2
[/TD] [TD]16,2
[/TD] [/TR] [TR] [TD]Property income receivable
[/TD] [TD]16.3
[/TD] [TD]55.7
[/TD] [TD]39.4
[/TD] [TD]240,7
[/TD] [/TR] [TR] [TD]Current transfers
[/TD] [TD]103.0
[/TD] [TD]89.9
[/TD] [TD]-13,1
[/TD] [TD]-12.7
[/TD] [/TR] [TR] [TD]Revenue from services
[/TD] [TD]271.8
[/TD] [TD]308,8
[/TD] [TD]37.0
[/TD] [TD]13.6
[/TD] [/TD] [/TR] [TR] [TD]Capital Transfers
[/TD] [TD]133,1
[/TD] [TD]271.3
[/TD] [TD]138.2
[/TD] [TD]103.8
[/TD] [/TR] [TR] [TD]
Total Expenditure
[/TD] [/TD] [TD]3.357,9
[/TD] [TD]3.781.1
[/TD] [TD]423.2
[/TD] [TD]12.6
[/TD] [/TD] [/TR] [TR] [TD]Total Current Expenditure
[/TD] [TD]2,999.0
[/TD] [TD]3.230.3
[/TD] [TD]231.3
[/TD] [TD]7.7
[/TD] [/TR] [TR] [TD]Interim Consumption
[/TD] [TD]403.8
[/TD] [TD]385,1
[/TD] [TD]-18.7
[/TD] [TD]-4.6
[/TD] [/TD] [/TR] [TR] [TD]Staff remuneration
[/TD] [TD]980.3
[/TD] [TD]1.125.1
[/TD] [TD]144.8
[/TD] [TD]14.8
[/TD] [/TR] [TR] [TD]Social benefits
[/TD] [TD]1,202.8
[/TD] [TD]1.282.2
[/TD] [TD]79.4
[/TD] [TD]6.6
[/TD] [/TD] [/TR] [TR] [TD]Property income payable
[/TD] [TD]88,0
[/TD] [TD]119.0
[/TD] [TD]31.0
[/TD] [TD]35,3
[/TD] [/TR] [TR] [TD]Subsidies
[/TD] [TD]78.6
[/TD] [TD]40.0
[/TD] [TD]-38,6
[/TD] [TD]-49.1
[/TD] [/TD] [/TR] [TR] [TD]Other current expenditure
[/TD] [TD]245,5
[/TD] [TD]278.9
[/TD] [TD]33.4
[/TD] [TD]13.6
[/TD] [/TR] [TR] [TD]Capital Expenditure
[/TD] [TD]358.9
[/TD] [TD]550.8
[/TD] [TD]191,9
[/TD] [TD]53.5
[/TD] [/TD] [/TR] [TR] [TD]Gross fixed capital formation
[/TD] [TD]309.1
[/TD] [TD]456.8
[/TD] [TD]147.8
[/TD] [TD]47,8
[/TD] [/TR] [TR] [TD]Other capital transfers
[/TD] [TD]49.8
[/TD] [TD]94.0
[/TD] [TD]44.2
[/TD] [TD]88,6
[/TD] [/TR] [TR] [TD]
Fiscal Surplus (+)
/Deficit (-)
[/TD] [TD]29,2
[/TD] [/TD] [TD]45,1
[/TD] [TD]16,0
[/TD] [/TD] [TD] [/TD] [/TR] [TR] [TD]% of GDP
[/TD] [TD]0,1%
[/TD] [TD]0,2%
[/TD] [/TD] [TD] [/TD] [TD] [/TD] [/TR]
Methodological Information
Coverage and Methodology
Information on the sequence of accounts for the general government sector is provided. The analysis covers the main categories of revenue and expenditure and separates revenue and expenditure (expenditure) into current and capital, respectively.
The revenue and expenditure for General Government covers all sub-sectors of General Government based on the European System of Accounts 2010 (ESA 2010).
Data source
Financial data are collected from. [/LIST]
Any methodological adjustments or corrections based on the European System of Accounts 2010 (ESA 2010) are taken into account to complete the estimates.
For more information, interested parties can visit theStatistics Service Portal, under Public FinanceCYSTAT-DB(Database), Predefined Tables (Excel), Methodological Information or contact Ms. Michael Panagiota: Tel:+35722602186, Tel: pmichael@cystat.mof.gov.cy
The Predefined Tables in Excel format include data up to the first quarter of 2023. For the second quarter of 2023 and thereafter, updates will only be made to the CYSTAT-DB Database.
(EAT/NZ)
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Views & opinions expressed are those of the author and/or PIO
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