Figures published by the National Statistics Office (NSO) on general government expenditure confirm that the Government is successfully containing public expenditure, while at the same time sustaining crucial education, health, and social protection programmes.
PRESS STATEMENT BY THE MINISTRY FOR FINANCE
The figures published on Wednesday 28th January 2015 show that the General Government Expenditure in 2013 increased by €133.8 million over the previous year, fully €100 million less than in 2012, when it increased by €242.3 million. Of the €133.8 million increase in 2013, over €111 million were invested in Social Protection, Health, and Education. This represents 83% of the total increase in expenditure, which was allocated to essential state services.
Furthermore the ratio of public expenditure as a percentage of the Gross Domestic Product (GDP) fell marginally from 42.5% in 2012, to 42.4% in 2013. It is expected to remain stable in 2014. In addition, a further €28.2 million of the increase was due to the equity injection in Air Malta, as part of its financing package.
These latest official figures further dismiss the Opposition’s claims on allegedly uncontrolled Government expenditure due to higher outlay on recruitment in the public sector in its first year of government. On the contrary, the general government expenditure ratio has decreased. Expenditure is largely driven by increased commitments and resources in priority sectors and essential services. This is proof of the Government’s commitment to further strengthen these social sectors, and ensure their services remain free and of the highest quality, this for the benefit of the present generation, as well as of future ones. Wednesday 28th January 2015