Introduction

This section sets out the revenue and expenditure plans of the Government of Gibraltar for 2011/12.

Overall Government Revenue and Expenditure

Government’s overall Consolidated Fund revenue for 2011/2012 is estimated at over £393 million. Government spending from the Consolidated  Fund  is  estimated at over £372 million, producing a recurrent surplus of over £21 million. This does not include capital revenue and expenditure which are channelled through the Improvement and Development Fund.

Statutory Benefits

Nearly £26 million of  Statutory Benefits payments were effected in 2010/2011. This is accounted for separately and does not form part of the Overall Government Revenue and Expenditure.

Capital Investment

The Government’s investment in capital projects, to benefit the social and economic development of Gibraltar, is funded by the Improvement and Development Fund.  In 2011/2012 the expenditure of the Fund is estimated to be around £96 million. 

Government Companies

There are currently twenty three active wholly-owned companies. These comprise a holding company;     nine companies owning land and property assets in Gibraltar and fourteen trading companies. These Companies are accounted for separately and their financial transactions do not form part of the Overall Government Revenue and Expenditure figures. However, the cash balances held by the companies are included as part of the Government Reserves. The Government is also a shareholder in two joint venture utility companies providing telecommunications and water services.

 Public Finances 2011/2012 Charts
Government Companies Flow Chart 2011/2012

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