Government registered third quarter surplus of €127.9 million last year

The general government accounts, which include figures for agencies and local councils, registered a surplus in the third quarter last year

NSO figures show a general government surplus of €127.9 million in Q3 of 2018
NSO figures show a general government surplus of €127.9 million in Q3 of 2018

Government registered a surplus of €127.9 million between July and September last year, figures out on Friday show.

According to the National Statistics Office, the general government accounts registered an increase of 6.5% in revenue and a faster increase of 10.3% in expenditure.

The general government sector covers central government finances and public agencies and authorities.

The third quarter surplus follows a surplus of €116.5 million in the second quarter of 2018.

The NSO said that the consolidated fund – the central government finances – registered a surplus of €145 million in the third quarter.

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