The general government account registered a shortfall of €41 million in the third quarter of 2011, according to the National Statistics Office.
The NSO said that the deficit recorded by the general government for the September quarter last year amounted to €41 million, down from €43.6 million in the comparable period of 2010.
During July-September, total revenue stood at €627.7 million, an increase of €51.4 million compared to the third quarter of 2010.
The main contributors were 'taxes on production and imports' (+€38.9 million), 'social contributions receivable' (+€15.7 million), and 'current transfers receivable' (+€9.1 million).
'Capital transfers receivable' and 'market output' also registered increases.
Declines were recorded in 'current taxes on income and wealth' and 'property income receivable' by €17.3 million and €8.5 million, respectively.
Total expenditure during the period under review amounted to €668.7 million. The comparative increase of €48.8 million was the result of higher 'gross capital formation' (+€29 million), 'property income payable' (+€16.9...
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