Introduction

This section sets out the revenue and expenditure plans of the Government of Gibraltar for 2009/2010.

Overall Government Revenue and Expenditure

Of  the Government’s total estimated revenue of over £314 million in 2009/2010,  £249 million is to be channelled via  the  Consolidated Fund. Government spending from  the Consolidated  Fund  is  estimated at nearly £230 million, producing a recurrent surplus of over £19 million. This does not include capital revenue and expenditure which are channelled through the Improvement and Development Fund.

Statutory Benefits

Some £25 million of  Statutory Benefits payments were effected in 2008/2009. 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 2009/2010 the expenditure of the Fund is estimated to be around £106 million. 

Government Companies

There are currently eighteen active wholly-owned companies. These comprise a holding company; eight companies owning land and property assets in Gibraltar (currently being rationalised); and nine 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 2009/2010 Charts 
 Government Companies Flow Chart 2009/2010 

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