Issue link: https://maltatoday.uberflip.com/i/417582
10 Budget 2015 maltatoday, TUESDAY, 18 NOVEMBER 2014 THE BREAKDOWN Licences, taxes & fines €260.6 million Central Bank Dividends on Investments Rents €48 million €38.9 million Reimbursements €2.24 milion €815,000 Public Corps FINANCING THE BUDGET Source: Financial Estimates INCOME €3.55 billion Public debt servicing €649 million Health €414 million Education €409 million Pensions €90 million Transport €82 million Elderly €75m Local Govt €38m €48m Tourism Among such reimbursements is the €18 million in fees from patients in homes for the elderly Public Corps Fees of Office €40.9 million IIP processing fees to contribute €10.4 million, even more than the €10 million government gets from the MFSA €30.08 million Public Corps Fees of Office €40.9 million Grants €263,322,000 Gaming taxes will deliver €56 million, while higher car licences will generate €62.1 million; €40 million on car tax; but lower duty on documents at €88 million Health and pharmaceuticals here do not include another €63 million to run the ministry for health Education here includes a €212.9 million ministry spend and €196 million on the education department The social spend includes €62 million to run the ministry, €254 million on social policy and €869 million on social security €48m Environment EXPENDITURE €3.18 billion EXCLUDES €513 million in CAPITAL EXPENDITURE Interest on loans made by government VAT €685 million VAT increases by €65 million over 2014, but e-books now benefit from the 5% rate rather than 18% Rents Rents €30.08 million Interest on €685 million Excise & Duties €265 million New 10c duty on wine will generate €1.9 million, €1.2m on pneumatic tyres, €150,000 on ammunition cartridges and €2m on fish farm feed Dividends on million Social Security €741 million The transport budget includes €30 million in salaries, and €23 million in subsidy for the new public transport system Local Govt €38m The social spend includes €62 million includes €62 million Social security & Social Policy ministry €1.12 billion €815,000 Public Corps Public Corps €29 million Misc. receipt €38m Central Bank €48 million €48 Fees of Office Fees of Office Income Tax €1.11 billion Reduction of eco-tax will see revenue go down from €7.8m to €6m but the sale of passports under the IIP will bring in €15 million here