Malta: Govt’s consolidated fund registers €673.4 million deficit

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Between January and May 2020, recurrent revenue fell by €317.7 million and totalled €1,508.9 million, was 17.4% lower than the €1,826.6 million reported in revenue by the end of May 2019.

According to the data published by the National Statistics Office, NSO, a €142.8 million drop in Income Tax proved to be the main catalyst behind the decline in revenue.

Source: Newsbook

Updated 17:25

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