Be the first to comment!Government debt up by €603.8 million in first quarter
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The General Government recorded a deficit of €245.5 million at the end of the first quarter, the National Statistics Office said today.
The General Government debt stood at €9,255.1 million, or 53.6% of Gross Domestic Product, an increase of €603.8 million over the same quarter in 2022 the NSO said.
Compared to the corresponding quarter in 2022, total revenue increased by €89.9 million, while total expenditure decreased by €37.9 million.
The Government guaranteed debt amounted to €1,158.5 million at the end of March 2023, a decrease of €6.0 million when compared to the first quarter of 2022.
