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Malta halves deficit in first 10 months of 2016

Xinhua, November 26, 2016 Adjust font size:

Malta's consolidated fund registered a deficit of 104.9 million euros (111.13 million U.S. dollars) from January to October 2016, thereby halving the deficit for the 10-month period, the government said Friday.

According to a report issued by Malta's national statistics office Friday, this resulted in a positive change in the government's consolidated fund by 99.7 million euros because compared to the same period last year, recurrent revenue registered an increase of 141.1 million euros whereas total expenditure went up by 41.4 million euros.

Recurrent expenditure was also on the increase while decreases were recorded in the interest component of the public debt servicing costs. Enditem