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30th April 2021, 12:08

COVID-19 cost currently stands at over £227 million, according to latest figures published by Gibraltar Government

Gibraltar's response to the Covid-19 pandemic has more than doubled since last September, with the cost now standing at over £227 million.

The latest figures published by the Government for the period ending 31st March this year, includes a loss of £163 million pounds in revenue.

Once again the most notable loss to Government coffers is £74 million of Import Duties, followed next by Company Tax at £48.5 million.

Overall, the drop in revenue amounts to £163,316,164.

In terms of recurrent payments, the GHA tops the list again with £19 million.

The Business Employee Assistance Terms known as BEAT, has cost the taxpayer £28,481,627.

In all, recurrent payments total just under £60 million.

Donations to the Covid Response Fund has increased slightly to £2.6 million which remains untouched.

The running total of the pandemic so far is £227,352,647.