By the end of July, Central Government Debt totalled €9,769.7 million, this was €373.5 million higher than the corresponding month last year, the National Statistics Office said today.

The latest data also shows that by the end of July, Government’s Consolidated Fund registered a surplus of €60.3 million.

The NSO noted that compared to the previous year, recurrent revenue and total expenditure increased by €658.1 million and €295.4 million, respectively.

The increase in recurrent revenue outweighed that in expenditure leading to a positive change in the Government’s Consolidated Fund by €362.7 million, the NSO said.

The largest rise in revenue was recorded under Income Tax (€356.0 million), while Programmes and Initiatives (€211.6 million) reported the biggest increase among the expenditure categories.

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