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STATISTICS MALTA

Malta: + €545,1M Recurrent revenue

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Copia di Template in ingleseBetween January and December 2023, Recurrent Revenue amounted to €6,413.0 million, €545.1 million higher than the figure reported a year earlier. The largest increases were recorded under Income Tax (€319.7 million), Social Security (€106.1 million) and Licences, Taxes and Fines (€54.2 million). On the other hand, the main drops in revenue were reported under Miscellaneous Receipts (€31.1 million), Central Bank of Malta (€22.2 million) and Fees of Office (€18.6 million).

Total expenditure by the end of December 2023 stood at €7,220.9 million, €468.3 million higher than the previous year.

During the reference period, Recurrent Expenditure totalled €6,008.1 million, an increase of €168.5 million compared to the €5,839.6 million reported at the end of December 2022. The main contributor to this increase was a €68.2 million rise reported under Personal Emoluments. Furthermore, increases were also recorded under Operational and Maintenance Expenses (€54.0 million) and Programmes and Initiatives (€52.1 million). On the other hand, lower contributions towards Resource Support and Services Ltd. (€54.6 million) and Housing Authority (€3.2 million), among others, resulted in a €5.8 million drop being reported under Contributions to Government Entities.

The main developments in the Programmes and Initiatives category involved higher outlays towards Social security benefits (€97.7 million), Medicines and surgical materials (€26.4 million) and Tal-Linja card (€22.6 million). The increase in outlay was partially offset by a decrease registered under Pandemic assistance schemes (€117.8 million).

The interest component of the public debt servicing costs totalled €214.3 million, an increase of €40.7 million when compared to the previous year.

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