The shortfall between the government’s recurrent revenue and total expenditure last year was €143.7 million more than in 2011, and amounted to €362.3 million.
The National Statistics Office said that an increase of €71.9 million in recurrent revenue was exceeded by higher total expenditure of €215.6 million.
While recurrent revenue stood at €2,715.7 million, recurrent expenditure went up by €127.1 million to €2,488.4 million. Capital expenditure was recorded at €363.8 million compared to €288.7 million in 2011. The comparative increase of €75.1 million includes an equity injection of €20 million to Air Malta.
The government’s debt stood at €4,649.2 million, a rise of €164.6 million, or 3.7 per cent, compared to 2011.