Issue link: https://maltatoday.uberflip.com/i/585015
4 Budget 2016 maltatoday, TUESDAY, 13 OCTOBER 2015 THE BREAKDOWN Licences, taxes & fines €274.4 million Central Bank Dividends on Investments Rents €50 million €37.1 million Reimbursements €365,000 €815,000 Public Corps INCOME €4.22 billion Public debt servicing €761 million Health €466 million Education €460 million Pensions €91 million Transport €95 million Elderly €88m Local Govt €40m €50.7 million Tourism New items include €200,000 for the 'Grand Salon of Costume, Fashion and Film' €50 Public Corps Fees of Office €51.1 million IIP processing fees to contribute €12.5 million million €30.6 million Fees of Office Fees of Office Grants €99.46 million Main sources of revnue will be duty on documents (€94 million), car licence fees (€68 million), and gaming taxes (€58 million). Health and pharmaceuticals here do not include another €73 million to run the ministry for health Education here includes a €242 million spend on the ministry, and €216 on the education department €460 million €66m Environment EXPENDITURE €3.97 billion EXCLUDES €513 million in CAPITAL EXPENDITURE Interest on loans made by government VAT €729 million VAT revenues increase by €44 million over the approved estimate in 2015 Rents Rents €30.6 million Interest on €729 million Excise & Duties €283.9 million This includes tax on chewing gum packaging, plastic bahs, bottled water and non-alcoholic beverages will contribute some €3 million Dividends on €729 million million Social Security €785 million The transport budget includes €29 million in subsidy for the new public transport system Local Govt €40m Social security & Social Policy ministry €1.2 billion €815,000 €815,000 Public Corps €30 million Social Security Misc. receipt €33.5m Central Bank million Income Tax €1.2 billion The sale of passports under the IIP will being in €24 million into the consolidated fund, but the removal of eco-tax now means revenues fall to juts €1.2 million. A new tax on caging of bluefin tuna will bring in €1m Licences, Reimbursements New items include €200,000 for the 'Grand Salon of Costume, Fashion and Film' Main sources of Loans €600 million The social spend includes €59 million to run the ministry, €269 million on social policy and €898 on social security benefits