Insider Economy Preliminary data show increased fiscal surplus during the 2nd quarter

Preliminary data show increased fiscal surplus during the 2nd quarter

The general government’s fiscal surplus increased to €215.4 m in the second quarter of the year compared with a surplus of €106.0 m in the corresponding period of 2018, the Statistical Service announced on Wednesday.

Cystat said that on the basis of preliminary data on the General Government accounts for April-June 2019, total revenue amounted to €2.1267 b, while total expenditure reached €1.9113 b, resulting in a surplus of €215.4 m.

The main categories of revenue during the period April-June 2019 were: taxes on production and imports €924.6 m (2.4% increase compared with the second quarter of 2018), of which net VAT was €634.1 m (3.4% increase), social contributions €621.5 m (35.1% increase), and taxes on income and wealth €308.3 m (11.5% increase). Revenue from the sale of goods and services reached €163.8 m registering an increase of 16.5% compared with the corresponding period of the previous year.

The main categories of expenditure were: social transfers €780.8 m (9.2% increase compared with the corresponding period of 2018), and compensation of employees (including imputed social contributions and pensions of civil servants) €618.0 m(11.6% increase). Intermediate consumption reached €214.5 m (21.6% increase compared with the corresponding period of the previous year).

(Cyprus News Agency)

Top Stories

Heavy rain, hailstorm lash Nicosia (photos)

Heavy rain and hail lashed Nicosia around midday on Thursday, as the Met Office issued a yellow alert warning of thunderstorms. The alert is in...

Pass the salt: The minute details that helped Germany build virus defences

One January lunchtime in a car parts company, a worker turned to a colleague and asked to borrow the salt. As well as the saltshaker,...

Health Minister extends measures to contain coronavirus spread

The Health Minister, in a new decree, extended until April 30 measures already in force to contain the spread of coronavirus. According to the new...

Blood donors respond to Blood Bank’s call for donations

The Blood Bank announced on Thursday the moving response of donors to its call for urgent donations, reversing the adverse climate that had formed...

London flight to repatriate 96

The Foreign and Transport Ministries said on Thursday that a Cyprus Airways flight is due at Larnaca Airport from London at around 9 pm...

Taste

Stuffed vine leaves without meat

(Dolmadakia gialantzi) Rinse the leaves and boil in salted water for approximately 10 minutes until soft. Drain and place in some cold water with ice...

Snails with tomato sauce

When the snails are ready, drain them. Fry the onions in the oil and once slightly brown, add the tomatoes. Stir until cooked well...

Sea bream with capers

Clean the sea bream well, add salt and pepper to them and brush them with olive oil. Mix the capers and parsley together as...

Halloumi bread

Sift the flour with the salt into a bowl and mix in the yeast and lemon rind. Make a well in the centre of...