Maltese Government Surplus

For the first time since 1998, a Maltese Government Surplus was registered. The surplus is of €44.2 million which occurred during the first quarter of 2017. This is a marked improvement from the €68 million deficit record during the same period in 2016. The main factor which contributed to this surplus was an increase of €137 million in government revenue. The increase in revenue derived mainly by higher market output (€46.4 million) and income taxes (€41.1 million). Increases were also registered from taxes on production and imports (€32.0 million), net social contributions (€12.5 million), current transfers (€5.3 million) and capital transfers (€2.1 million).