This section sets out the revenue and expenditure plans of the Government of Gibraltar for 2016/17.
Overall Government Revenue and Expenditure
Government’s overall Consolidated Fund revenue for 2016/2017 is estimated at over £590 million. Government spending from the Consolidated Fund is estimated at over £570 million, producing a recurrent surplus of over £20 million. This does not include capital revenue and expenditure which are channelled through the Improvement and Development Fund.
Over £35 million of Statutory Benefits payments were effected in 2015/2016. This is accounted for separately and does not form part of the Overall Government Revenue and Expenditure.
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 2016/2017 the expenditure of the Fund is estimated to be over £61 million.
Government-owned companies are accounted for separately and their financial transactions do not form part of the Overall Government Revenue and Expenditure figures. The Government is also a shareholder in a joint venture utility company providing water services as well as a shareholder in a company providing telecommunication services. Summary of Public Finances Government Companies