The government’s total revenue between January and March stood at €754.6 million, an increase of €59.1 million when compared to the same period last year.

All revenue components registered increases.

Total expenditure amounted to €926.8 million with all expenditure components also registering higher outlays.

To achieve compliance with the provisions of ESA 2010, adjustments to the consolidated fund data were made. These resulted in an increase of €86.9 million to the fund’s deficit.

Total government debt outstanding at the end of March increased by €143 million over 2014. This amounted to €5,640.6 million, of which €5,636.7 million related to the central government.

The increase in central government debt was underpinned by higher long-term debt of €293.6 million. Moreover, short-term loans went up by €13.5 million, whereas short-term debt securities and long-term loans declined by €159.1 million and €10.4 million respectively.

The euro coins issued in the name of the Treasury, which are considered as a currency liability pertaining to the central government, amounted to €60.3 million, a rise of €5.3 million over the euro coin stock recorded at the end of March 2014.

Local government debt went up by €0.1 million and stood at €4 million.