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Public enterprises to report €22.7m deficit in 2020 – NSO



According to figures from the National Bureau of Statistics, public enterprises established by the government or other public enterprises recorded a deficit of €22.7 million in 2020, a decrease of €118.9 million compared to 2019.

In 2020, total public sector revenue was €1,251.2 million, down €285.9 million from the previous year. The main source of income is income generated from own business with 86.8% market share.

At €1,273.8 million, Kommuninvest’s total expenditure was €167 million lower than in 2019. The main expenditure items were direct operating costs and wages and salaries, which accounted for 69.6% and 16.9% of total expenditure respectively. , the statistics showed.

Statistics show that the Covid-19 pandemic has impacted the financial performance of several public companies. Statistics are based on all public companies except the Central Bank of Malta. This is because the financial assets and liabilities of this public company are considerably higher than those of other public companies, which can have a significant impact on the overall results.

In 2020 there were 52 public corporations, including the Central Bank of Malta.

Some of the most prominent public companies included are Air Malta, Enemalta, Malta Business Registry, Indis Malta, Heritage Malta, Automated Revenue Management Services (ARMS), Malta Financial Services Authority, Malta Freeport Corporation and Malta Stock Exchange. there is. Above all.

According to an analysis by the Statistical Classification of Economic Activity in the European Community (NACE), the sector with the highest revenues and expenditures of public enterprises is the electricity, gas, steam and air-conditioning supply sector, at €482.4 million and €400 million. It goes up to 9,830 euros. million each.

Other important sectors were the wholesale and retail trade and the transportation and storage sector, according to NSO statistics. In addition, the transport and storage sector posted the largest deficit with a total of €64.2 million, followed by the electricity, gas, steam and air conditioning supply sector with his €15.9 million deficit.

The Electricity, Gas, Steam and Air Conditioning Supply sector had the highest net worth at €666.4 million, followed by Real Estate Activities (€296.3 million) and Construction (€164.5 million).



https://www.independent.com.mt/articles/2022-08-05/local-news/Public-corporations-register-deficit-of-22-7-million-in-2020-NSO-6736244989 Public enterprises to report €22.7m deficit in 2020 – NSO

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