The General Government surplus stood at €557.6m (1.6% of GDP) for the period of January-June 2025, according to Cystate.
During the same period of 2024, there was a surplus of €550.7m (also at 1.6% of GDP).
Revenue up 5.9%
During the period of January-June 2025, total revenue increased by €393.6m (5.9%) and amounted to €7,115.3m, compared to €6,721.7m in the corresponding period of 2024.
In detail, revenue from taxes on income and wealth increased by €171.3m (12%) and amounted to €1,593.6m, compared to €1,422.3m in 2024. Social contributions increased by €208.3m (9.7%) and amounted to €2,356.6m, compared to €2,148.3m in 2024.
Property income increased by €54m and amounted to €103.1m, compared to €49.1m in 2024.
Taxes on production and imports increased by €121.4m (5.4%) and amounted to €2,375.3m , compared to €2,253.9m in 2024, of which net VAT revenue increased by €73.2m (4.8%) and amounted to €1,590.6m, compared to €1,517.4m in 2024.
Revenue from the sale of goods and services increased by €3.8m (0.8%) and amounted to €480.9m, compared to €477.1m in 2024.
On the contrary, current transfers decreased by €121.1m (-40.2%) to €180.2m, from €301.3m in 2024. Capital transfers decreased by €44.1m (-63.3%) to €25.6m, from €69.7m in 2024.
Expenditure up 6.3%
During the period of January-June 2025, total expenditure increased by €386.7m (6.3%) and amounted to €6,557.7m, compared to €6,171m in the corresponding period of 2024.
In detail, compensation of employees (including imputed social contributions and pensions of civil servants) increased by €110.8m (6.1%) and amounted to €1,918.8m, compared to €1,808m in 2024.
Social benefits increased by €178,2m (6.9%) and amounted to €2,749.5m, compared to €2,571.3m in 2024. Intermediate consumption increased by €36.5m (5.8%) and amounted to €664.7m, compared to €628.2m in 2024.
Interest payable increased by €22.3m (9.8%) and amounted to €250.9m, compared to €228.6m in 2024.
The capital account increased by €91.1m (21.7%) and amounted to €510.2m, compared to €419.1m in 2024, of which gross capital formation increased by €58.2m (16.1%) and amounted to €419.5m, compared to €361.3m in 2024 and other capital expenditure increased by €32.9m (56.9%) and amounted to €90.7m, compared to €57.8m in 2024.
On the contrary, current transfers decreased by €47.6m (-10.8%) to €392.8m, from €440.4m in 2024.
Subsidies decreased by €4.6m (-6.1%) to €70.8m, from €75.4m in 2024.
CYSTAT noted that for a number of entities of the General Government and specifically for the Local Government Subsector, estimates have been produced by the Statistical Service, due to non-submission of sufficient data by the competent authorities.
