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E-mail: gfs@cso.ie Rod O'Mahony (+353) 1 498 4304 Ciaran Judge (+353) 1 498 4360
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-6178
CSO statistical release, , 11am

Government Finance Statistics Quarterly Results

Quarter 3 2013

 General Government Deficit, Debt and Net Worth Q3 2013
 General Government Surplus/Deficit General Government Gross Debt General Government Net Worth
 €m% quarterly GDP €m% annualised GDP €m% annualised GDP
2012 Q3-3,052-7.4 191,786117.1 -71,309-43.5
2013 Q3-2,861-6.8 204,696124.8 -88,566-54.0

Government Deficit of 6.8% of quarterly GDP in Q3 2013

FIG1 Government Finance Statistics Quarter 3 release 2013
go to full release

Ireland’s General Government Deficit (GGDeficit) amounted to €2,861 million in the third quarter of 2013 representing 6.8% of quarterly GDP.  In the corresponding quarter of 2012, the deficit had amounted to €3,052 million or 7.4% of quarterly GDP.

Government revenue for the period at €13,813 million was lower than Q3 2012 revenue of €13,962 (with increased revenue from taxes and social contributions offset by decreases in other revenue).  Government expenditure also reduced however - from €16,958 million in Q3 2012 to €16,616 million in Q3 2013 - leading to a reduced deficit (Table 1).  

Gross Government Debt at 124.8% of GDP at end Q3 2013

Ireland’s General Government Gross Debt (GGDebt) stood at €204.7 billion or 124.8% of annualised GDP at the end of Q3 2013, compared to a level of €191.8 billion or 117.1% of GDP at end Q3 2012 (Table 2).  General Government Net Debt amounted to €158.2 billion in Q3 2012, or 96.4% of GDP.  When expressed as percentages of GDP, both gross and net debt showed a small decrease on the level in the previous quarter, due to increased GDP (Table 2).

Fall in Government Net Worth

Net Worth (non-financial assets plus financial assets less liabilities) of General Government continued to decline in Q3 2013, falling to -€88.6 billion from -€84.5 billion at the end of the previous quarter (Table 2).  In Q3 2012 Government Net Worth amounted to -€71.3 billion.

A full description of the concepts and definitions used in the production of these figures is provided in the Background Notes. Quarterly Government Finance Statistics are consistent with the annual General Government Deficit and Debt levels reported bienially to Eurostat under the EU regulation governing the Excessive Deficit Procedure. Consequently they may not always be fully aligned with the National Income and Expenditure and related publications such as the Institutional Sector Accounts.

 

GG Gross DebtGG Net Worth
Q3 200961.713.4
Q4 200964.412.3
Q1 201077.42.1
Q2 201077.5-0.3
Q3 201087.2-6.7
Q4 201091.2-9
Q1 201198.5-9.8
Q2 201199.6-11.8
Q3 2011101.3-29.5
Q4 2011104.1-28.9
Q1 2012106.8-34.9
Q2 2012110.2-38.8
Q3 2012117.1-43.5
Q4 2012117.4-47.2
Q1 2013124.9-50.1
Q2 2013125.4-51.9
Q3 2013124.8-54
Table 1 General Government transactions: revenue, expenditure, financing and deficit                  
                       €million
DescriptionESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
 
General Government transactions                    
 
RevenueTR12,91212,90613,58916,55712,46913,45412,70816,51812,61013,06213,63816,02112,89813,75113,96215,91213,25914,54713,813
Taxes and social contributions11,40510,97211,86013,61510,57410,66211,22313,85411,14710,65512,10213,85811,43711,21012,31514,14212,02411,91912,713
TaxesD2 + D5 + D918,6118,2978,69510,2517,8057,9598,58610,4808,4768,2739,62911,2479,1388,8609,93911,5169,4549,34610,258
Social contributions D612,7942,6753,1653,3652,7692,7032,6383,3742,6712,3822,4732,6112,2992,3502,3752,6262,5702,5732,455
Sales of goods and servicesP1O9109691,1041,5611,0879261,0502,1791,1071,2321,2421,5051,0361,1271,2221,483833905771
Investment incomeD43907404144372701,1153373882621,1332573452781,3743902073061,658285
Current transfer revenue (excluding taxes)D771282627723029293721162630191535302420
Capital transfer revenue (excluding taxes)D9N1361971859174667216967562222287117212045654125
                   
ExpenditureTE17,72321,04620,03719,33828,35119,00526,29729,89216,65516,49424,46018,94817,20017,20416,95818,45017,61716,98716,616
Expense17,27520,30819,01718,12828,03218,62125,95228,27716,56116,54624,25917,80916,78217,00117,39217,92017,92616,76516,747
Compensation of employeesD15,1815,0235,0465,4554,8274,6344,7625,0624,8744,6804,7204,8394,8894,6174,6534,6254,7914,6904,502
Use of goods and services plus taxes payableP2 + D5 + D292,6932,3382,4472,7442,1711,9921,9333,1571,9502,2602,2222,3391,8472,0392,1792,3641,6841,8751,916
Depreciation (Consumption of fixed capital)K1664664664664662662662662656656656656606606606606560560560
Interest (excluding FISIM)D418098198028591,1391,1771,4561,2111,2231,2891,4471,2311,2981,4331,6461,5341,9071,7781,819
SubsidiesD3403411412464378333367499304300326419325344366504318336358
Social benefitsD62 + D6316,5426,9847,6527,2936,5917,0567,1817,5816,7117,0267,5467,6696,9367,1077,3677,5496,8596,6426,980
Other current transfersD7758539406388651404409409587275401522657389405348599457487
Capital transfersD92253,5291,58726011,6132,3629,1829,697257616,9411342244661703901,208427125
                   
 Net operating balance -4,364-7,401-5,428-1,571-15,563-5,167-13,244-11,759-3,952-3,484-10,620-1,788-3,884-3,249-3,430-2,009-4,668-2,218-2,933
                   
Net acquisition of non-financial assetsP5 + NP - K14487391,0201,2103193843451,61594-522011,139418203-434530-309222-130
                        
 Net lending (+) / net borrowing (-)B9-4,811-8,140-6,449-2,781-15,882-5,551-13,589-13,374-4,046-3,432-10,822-2,927-4,302-3,452-2,996-2,538-4,358-2,440-2,803
equals                   
Net acquisition of financial assets5,6032,848-3,640-1,8924,609-7,1553,063-8,2378,523-1,833-6,2043,0422,2631,2449,413-2,8568,089-2,996-1,237
Debt instrumentsF2 + F33 + F46,2953,263-2,469-1,9324,666-9,4002,310-6,46811,212-1,645-12,7132,7532,2043999,961-3,9008,913-2,519-204
Shares and other equityF571-349-859-1,2206042,129698-2,001-3,7917887,440-854-501,388447328-22-1,235
Other financial assetsF34 + F61 + F62 + F7-763-66-3121,260-661116552321,102-976-9311,143109-543-552571-852-455202
less                   
Net incurrence of liabilities10,41410,9882,80988920,491-1,60416,6525,13712,5691,5994,6185,9696,5654,69612,409-31812,447-5561,566
Debt instrumentsF2 + F33 + F410,63910,8762,7411,64220,045-1,39916,6585,62411,2391,8334,8226,7925,2575,01812,688-10412,960-4531,200
Other liabilitiesF34 + F5 + F61 + F62 + F7-22511268-753446-205-6-4871,330-234-204-8231,308-322-279-214-513-103366
                   
General Government Deficit                    
                   
Net lending / net borrowing-4,811-8,140-6,449-2,781-15,882-5,551-13,589-13,374-4,046-3,432-10,822-2,927-4,302-3,452-2,996-2,538-4,358-2,440-2,803
Adjustment for swaps-2-2-2-23333-33-33-33-33-50-54-56-63-80-61-58
                   
General Government Surplus/Deficit  -4,813-8,142-6,450-2,783-15,880-5,548-13,587-13,371-4,079-3,465-10,855-2,960-4,351-3,507-3,052-2,601-4,438-2,501-2,861
                        
 General Government Surplus/Deficit (% of quarterly GDP) -11.7-19.7-16.0-7.1-40.3-13.7-33.8-35.2-10.3-8.3-26.4-7.3-10.9-8.3-7.4-6.4-11.3-6.0-6.8
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 1 (XLS 17KB)
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Table 2 General Government Net Worth, Gross and Net Debt                   
                         €million
Description ESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
General Government net worth                    
Net worth at market value, excluding pension liabilitiesNW41,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475-88,566
equals                   
Non-financial assets at market valueNFA66,82164,63762,73361,02060,02559,09558,12558,42557,85557,13856,67457,14857,56657,76957,33557,86557,55657,77857,648
plus                   
Financial net worth at market value, excluding pension liabilitiesFNW-24,873-32,699-40,332-40,982-56,661-59,597-68,793-72,599-73,345-75,964-103,950-104,097-114,475-121,174-128,644-135,267-139,391-142,253-146,214
equals                   
Financial assets at market valueFA71,30074,83172,77772,45578,75470,02472,98465,22372,31267,21359,65762,97065,84666,57376,27673,53683,38080,26578,680
EDP debt instrumentsAF2 + AF33 + AF442,81946,15143,75841,83446,75637,42539,75732,77042,78740,88128,18230,95033,30333,77343,75940,36849,28046,74646,543
Shares and other equityAF520,58420,95921,61221,79423,40024,21425,02823,95619,91717,66323,39422,83023,32123,57123,76324,47426,37326,28024,407
Other financial assetsAF34 + AF61 + AF62 + AF77,8977,7217,4078,8278,5988,3858,1998,4979,6088,6698,0819,1909,2229,2298,7548,6947,7277,2397,730
less                   
Liabilities at market value96,173107,530113,109113,437135,415129,621141,777137,822145,657143,177163,607167,067180,321187,747204,920208,803222,771222,518224,894
EDP debt instrumentsAF2 + AF33 + AF490,157101,256106,594108,028129,563123,978136,053132,644139,131136,882157,097161,047173,009180,528197,780201,531216,379216,458218,500
Other liabilitiesAF34 + AF61 + AF62 + AF76,0166,2746,5155,4095,8525,6435,7245,1786,5266,2956,5106,0207,3127,2197,1407,2726,3926,0606,394
                   
Memo: Estimated pension liabilities of government116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000
                   
Memo: Net worth, including pension liabilities-74,052-84,062-93,599-95,962-112,636-116,502-126,668-130,174-131,490-134,826-163,276-162,949-172,909-179,405-187,309-193,402-197,835-200,475-204,566
                   
Contingent liabilities287,666287,666287,666287,666163,376163,376163,376163,376148,537148,537148,537148,537119,757119,757119,757119,757119,757119,757119,757
                   
 Memo: Net worth, including pension liabilities and contingent liabilities -361,718-371,729-381,265-383,628-276,012-279,879-290,044-293,550-280,027-283,363-311,812-311,485-292,666-299,162-307,066-313,159-317,593-320,233-324,323
General Government: changes in net worth                    
Opening net worth46,94441,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475
                   
Change in net worth due to transactions-4,364-7,401-5,428-1,571-15,563-5,167-13,244-11,759-3,952-3,484-10,620-1,788-3,884-3,249-3,430-2,009-4,668-2,218-2,933
Net acquisition of non-financial assets P5 + NP - K14487391,0201,2103193843451,61594-522011,139418203-434530-309222-130
Net lending/net borrowingB9-4,811-8,140-6,449-2,781-15,882-5,551-13,589-13,374-4,046-3,432-10,822-2,927-4,302-3,452-2,996-2,538-4,358-2,440-2,803
                   
Change in net worth due to other economic flowsKx-632-2,609-4,108-792-1,1111,3003,0798,2532,635148-17,8292,115-6,076-3,247-4,474-4,085234-422-1,158
Other changes in non-financial assets-2,923-2,923-2,923-2,923-1,314-1,314-1,314-1,314-665-665-665-6650000000
Other changes in financial assets-7606831,5861,5701,690-1,575-103476-1,434-3,266-1,352271613-5172901161,755-119-348
Other changes in liabilities3,051-369-2,770561-1,4874,1904,4969,0924,7344,079-15,8122,509-6,689-2,730-4,764-4,201-1,521-303-810
                          
Closing net worth 41,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475-88,566
                          
General Government Debt (GGDebt)                    
Debt instrument liabilities at market value90,157101,256106,594108,028129,563123,978136,053132,644139,131136,882157,097161,047173,009180,528197,780201,531216,379216,458218,500
+ Difference between EDP face value and market value-669-20-3,620-3,484-5,407-3262,99011,52016,67321,7815,1088,1801,131-295-5,994-9,071-12,321-11,973-13,804
                          
 Gross General Government Debt (EDP face value) 89,488101,236102,974104,544124,156123,652139,043144,164155,804158,663162,205169,227174,140180,233191,786192,460204,058204,485204,696
                   
less EDP debt instrument assets-42,819-46,151-43,758-41,834-46,756-37,425-39,757-32,770-42,787-40,881-28,182-30,950-33,303-33,773-43,759-40,368-49,280-46,746-46,543
 Net General Government Debt  46,66955,08559,21662,71077,40086,22799,286111,394113,017117,782134,023138,277140,837146,460148,027152,092154,778157,739158,153
                    
Closing Net Worth (% of annualised GDP) 23.918.613.412.32.1-0.3-6.7-9.0-9.8-11.8-29.5-28.9-34.9-38.8-43.5-47.2-50.1-51.8-54.0
Gross General Government Debt (% of annualised GDP)51.059.061.764.477.477.587.291.298.599.6101.3104.1106.8110.2117.1117.4124.9125.4124.8
Net General Government Debt (% of annualised GDP) 26.632.135.538.648.354.062.370.571.573.983.785.086.489.590.492.894.796.796.4
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 2 (XLS 18KB)
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Table 3 General Government: detailed classification of revenue and output                   
                        €million
DescriptionESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
                         
Total RevenueTR12,91212,90613,58916,55712,46913,45412,70816,51812,61013,06213,63816,02112,89813,75113,96215,91213,25914,54713,813
 Taxes and social contributions 11,40510,97211,86013,61510,57410,66211,22313,85411,14710,65512,10213,85811,43711,21012,31514,14212,02411,91912,713
  TaxesD2 + D5 + D918,6118,2978,69510,2517,8057,9598,58610,4808,4768,2739,62911,2479,1388,8609,93911,5169,4549,34610,258
   Indirect taxes (taxes on production and imports)D24,7483,9215,2804,2474,6683,7705,3494,2134,7493,6215,0194,2174,7653,7015,3584,1735,0093,7905,385
    Taxes on productsD214,2353,4094,7683,7324,1023,1944,7653,6254,1343,0384,4383,6364,1593,1074,7693,5734,3883,0644,718
    of which Value-Added TaxD2112,8861,9333,1852,1582,8571,8393,1002,0782,8941,7182,8832,0662,9691,8223,1082,1292,9781,7653,387
    Other taxes on production D29513513513515566576583589615583580581606594589600622726667
   Direct taxesD53,7964,3163,3435,9453,0844,1133,2056,1943,7044,6274,0626,9224,3515,1334,0627,1454,4255,5304,324
    Taxes on income, profits and capital gainsD513,6024,1213,1495,7502,8953,9253,0176,0053,5204,4433,8796,7384,1614,9423,8726,9554,2355,3394,134
    Other current direct taxesD59194194194194189189189189184184184184190190190190190190190
   Capital taxesD916760715954763274232554710821265191992026550
  Social contributions D612,7942,6753,1653,3652,7692,7032,6383,3742,6712,3822,4732,6112,2992,3502,3752,6262,5702,5732,455
   Actual social contributionsD6112,2152,0432,4102,6632,2122,1351,9722,7642,1161,8701,8282,0041,6751,7821,7351,9941,8951,8671,838
   Imputed social contributionsD612579632755702557569666610555512645607625569640632675706616
 Sales of goods and servicesP1O9109691,1041,5611,0879261,0502,1791,1071,2321,2421,5051,0361,1271,2221,483833905771
  Sales of market establishments (= market output)P11227227227227219219219219226226226226237237237237197197197
  Imputed sales related to production of own-use capital assets (= output for own final use)P1216161616141414141414141414141414141414
  Incidental sales and fees of non-market establishmentsP1316677268611,3188536928161,9458679911,0011,2647848759711,231621693559
 Investment incomeD43907404144372701,1153373882621,1332573452781,3743902073061,658285
  Interest (excluding FISIM)D41211248254266214193217226250270231166187242206184249232250
  DividendsD42179493161172569221201621286326180911,13218522581,42634
 Current transfer revenueD39 + D771282627723029293721162630191535302420
  SubsidiesD390000000000000000000
  Other current transfersD771282627723029293721162630191535302420
   Non-life insurance claimsD724444444433333333333
   OtherD7N67242223692726263417132327161232272117
 Capital transfer revenueD9N1361971859174667216967562222287117212045654125
                         
Output P18,6048,0918,2248,9297,7237,3517,4198,9447,5497,6657,6687,9057,4247,3437,5197,6777,0767,1677,019
 Market output (sales of market establishments)P11227227227227219219219219226226226226237237237237197197197
 Output for own final useP1216161616141414141414141414141414141414
 Non-market outputP138,3617,8487,9818,6877,4897,1177,1868,7107,3087,4257,4277,6647,1737,0917,2687,4256,8646,9556,808
  = Non-market compensation of employeesD1_nonmarket5,1645,0075,0305,4394,8134,6194,7475,0474,8594,6654,7064,8254,8754,6024,6384,6114,7764,6754,488
   = Total compensation of employeesD15,1815,0235,0465,4554,8274,6344,7625,0624,8744,6804,7204,8394,8894,6174,6534,6254,7914,6904,502
   - Compensation of employees of market establishmentsD1_market                    
   - Compensation related to production of own-use capital assetsD1_own-use-16-16-16-16-14-14-14-14-14-14-14-14-14-14-14-14-14-14-14
  + Non-market intermediate consumptionP2_nonmarket2,6372,2822,3912,6882,1151,9361,8763,1001,8932,2032,1652,2821,7901,9822,1222,3071,6271,8191,859
   = Total intermediate consumptionP22,6932,3382,4472,7442,1711,9921,9323,1561,9502,2602,2222,3391,8472,0382,1792,3641,6841,8751,916
   - Intermediate consumption of market establishmentsP2_market-56-56-56-56-56-56-56-56-57-57-57-57-57-57-57-57-57-57-57
   - Intermediate consumption related to production of own-use capital assetsP2_own-use                   
  + Non-market consumption of fixed capitalK1_nonmarket560560560560562562562562556556556556507507507507461461461
   = Total consumption of fixed capitalK1664664664664662662662662656656656656606606606606560560560
   - Consumption of fixed capital by market establishmentsK1_market-105-105-105-105-100-100-100-100-99-99-99-99-99-99-99-99-99-99-99
   - Consumption of fixed capital related to production of own-use capital assetsK1_own-use                   
  + Other taxes on production, payable D29_pay0000000000000000000
  - Other subsidies on production, receivable (D.39 R)D39_rec0000000000000000000
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 3 (XLS 18KB)
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Table 4 General Government: detailed classification of expenditure and consumption                   
                        €million
DescriptionESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
                         
Total ExpenditureTE17,72321,04620,03719,33828,35119,00526,29729,89216,65516,49424,46018,94817,20017,20416,95818,45017,61716,98716,616
                         
 Expense 17,27520,30819,01718,12828,03218,62125,95228,27716,56116,54624,25917,80916,78217,00117,39217,92017,92616,76516,747
  Compensation of employeesD15,1815,0235,0465,4554,8274,6344,7625,0624,8744,6804,7204,8394,8894,6174,6534,6254,7914,6904,502
   Of which: Related to production of own-use capital assets 16161616141414141414141414141414141414
  Use of goods and services plus taxes payableP2 + D5 + D292,6932,3382,4472,7442,1711,9921,9333,1571,9502,2602,2222,3391,8472,0392,1792,3641,6841,8751,916
   Use of goods and services [Intermediate consumption]P22,6932,3382,4472,7442,1711,9921,9323,1561,9502,2602,2222,3391,8472,0382,1792,3641,6841,8751,916
    Of which: Intermediate consumption of market establishments 56565656565656565757575757575757575757
   Taxes, payableD50000000000000000000
  Depreciation (Consumption of fixed capital)K1664664664664662662662662656656656656606606606606560560560
    Of which: Depreciation by market establishments 1051051051051001001001009999999999999999999999
  Interest (excluding FISIM)D418098198028591,1391,1771,4561,2111,2231,2891,4471,2311,2981,4331,6461,5341,9071,7781,819
  SubsidiesD3403411412464378333367499304300326419325344366504318336358
   Product subsidiesD31201223250245199149215238172179208235207228248237209228248
   Other subsidies on productionD39202187161218179184152261132121119184118117118267109108109
  Social benefitsD62 + D6316,5426,9847,6527,2936,5917,0567,1817,5816,7117,0267,5467,6696,9367,1077,3677,5496,8596,6426,980
   Social benefits in cashD625,8075,9766,3196,4035,8305,9925,7506,6295,9545,9776,1186,7116,1486,0015,8216,6546,0805,5715,515
   Social benefits in kind (via market producers)D6317351,0081,3348897611,0641,4319527571,0501,4289587871,1071,5478967791,0721,465
  Other current transfersD7758539406388651404409409587275401522657389405348599457487
   Net non-life insurance premiumsD7116161616181818181818181823232323232323
   Current international cooperationD7419013610612515413914096130651182169613118111410017116
   Miscellaneous current transfersD75553387285247479247251295438191265287537235201211477263448
    GNI-based EU own resourcesD75_GNI382346196223389163249173382160221194402198194205457253254
    Other miscellaneous current transfersD75_other171428825908431225732449413637762010194
  Capital transfersD92253,5291,58726011,6132,3629,1829,697257616,9411342244661703901,208427125
   Investment grantsD9219135038416833031014841414755115109202108109195158150107
   Other capital transfersD99343,1801,2039211,2822,0529,0349,28311056,8262522358601951,05027718
                         
 Net acquisition of non-financial assetsP5 + NP - K14487391,0201,2103193843451,61594-522011,139418203-434530-309222-130
  = Gross investment in non-financial assetsP5 + NP1,1121,4031,6851,8749811,0461,0062,2767506048571,7941,0248091721,135250782429
   Gross fixed capital formationP511,1121,4031,6851,8751,0011,0661,0262,2967225768291,7671,0037881511,115953761409
   Net acquisition of stocksP520000-20-20-20-202828282821212121212121
   Net acquisition of unproduced assetsK20000000000000000-72300
  - Consumption of fixed capitalK1-664-664-664-664-662-662-662-662-656-656-656-656-606-606-606-606-560-560-560
                         
Net expenditure on current goods and servicesP3 excl. D6317,6947,1227,1207,3696,6376,4266,3706,7656,4426,4346,4266,4006,3886,2166,2976,1946,2436,2626,249
 = OutputP18,6048,0918,2248,9297,7237,3517,4198,9447,5497,6657,6687,9057,4247,3437,5197,6777,0767,1677,019
 - Sales of goods and services P11+P12+P131-910-969-1,104-1,561-1,087-926-1,050-2,179-1,107-1,232-1,242-1,505-1,036-1,127-1,222-1,483-833-905-771
   Market output (sales of market establishments)P11-227-227-227-227-219-219-219-219-226-226-226-226-237-237-237-237-197-197-197
   Output for own final useP12-16-16-16-16-14-14-14-14-14-14-14-14-14-14-14-14-14-14-14
   Incidental sales and fees of non-market establishmentsP131-667-726-861-1,318-853-692-816-1,945-867-991-1,001-1,264-784-875-971-1,231-621-693-559
                         
Final consumption expenditureP38,4298,1298,4548,2587,3977,4907,8017,7177,1997,4847,8547,3587,1757,3237,8447,0907,0227,3337,714
 = Net expenditure on current goods and servicesP3 excl. D6317,6947,1227,1207,3696,6376,4266,3706,7656,4426,4346,4266,4006,3886,2166,2976,1946,2436,2626,249
 + Social transfers in kind via market producers D6317351,0081,3348897611,0641,4319527571,0501,4289587871,1071,5478967791,0721,465
made up of                     
 Individual consumption (= social transfers in kind)P31 (= D63)5,7325,4985,8305,3705,1855,2465,5965,2915,0685,2735,6805,0015,0755,1825,7124,9064,9755,2805,665
  Social transfers in kind (via market producers)D6317351,0081,3348897611,0641,4319527571,0501,4289587871,1071,5478967791,0721,465
  Social transfers in kind (provided directly by government)D6324,9964,4914,4964,4804,4244,1814,1654,3394,3114,2234,2524,0434,2874,0754,1654,0104,1964,2094,200
 Collective consumption (= actual final consumption of government)P322,6972,6312,6242,8892,2122,2442,2052,4252,1312,2102,1742,3572,1012,1412,1322,1842,0472,0532,049
                         
Total social transfersD62 + D6311,53911,47412,14911,77311,01511,23811,34611,92011,02211,25011,79811,71211,22311,18311,53311,56011,05510,85111,180
 Social benefits in cashD62 5,8075,9766,3196,4035,8305,9925,7506,6295,9545,9776,1186,7116,1486,0015,8216,6546,0805,5715,515
 Social transfers in kind (= individual consumption)D635,7325,4985,8305,3705,1855,2465,5965,2915,0685,2735,6805,0015,0755,1825,7124,9064,9755,2805,665
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 4 (XLS 20KB)
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Table 5 General Government financial transactions
  €million
 2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
DescriptionESA code                   
 Net lending (+) / net borrowing (-)B.9-4,811-8,140-6,449-2,781-15,882-5,551-13,589-13,374-4,046-3,432-10,822-2,927-4,302-3,452-2,996-2,538-4,358-2,440-2,803
equals                     
Net acquisition of financial assets ΔA5,6032,848-3,640-1,8924,609-7,1553,063-8,2378,523-1,833-6,2043,0422,2631,2449,413-2,8568,089-2,996-1,237
EDP debt instruments F2 + F33 + F46,2953,263-2,469-1,9324,666-9,4002,310-6,46811,212-1,645-12,7132,7532,2043999,961-3,9008,913-2,519-204
 Currency and deposits F24,972-325-2,453-1,2824,633-7,6302,198-10,38811,6151,872-15,9472,0601,8524709,687-6,0458,741-2,413-423
Securities other than shares, excluding financial derivatives F331,2043,520-169-432-121-1,7851173,646-632-3,6572,78716634-13-1031,251-140-108333
Short-term F331-3626-356-46-2-9200-1-8-27-94711,04694411
Long-term F3321,2403,494-166-488-75-1,7831263,626-632-3,6562,79519343-60-104205-1,084-109332
Loans F411968153-21815415-5274229140447527318-583778943122-114
Short-term loans F41000000000158459268231-30414454-44-248340
Long-term loans F4211968153-21815415-5274229-18-1225987-28-37440356250-454
Shares and other equity F571-349-859-1,2206042,129698-2,001-3,7917887,440-854-501,388447328-22-1,235
Other financial assets F34 + F61 + F62 + F7-763-66-3121,260-661116552321,102-976-9311,143109-543-552571-852-455202
Financial derivatives F34-490065099195-40-40-2320100003400
Insurance: reserves and premium prepayments F61 + F62000100000000000-1000
Net equity of households in life insurance reserves and in pension funds reserves F610000000000000000000
Prepay. of ins. premiums and reserves for outstanding claims F62000100000000000-1000
Other accounts receivable/payableF7-714-66-3121,194-66117-1402721,142-744-9311,142109-543-552572-886-455202
less                     
Net incurrence of liabilities ΔL10,41410,9882,80988920,491-1,60416,6525,13712,5691,5994,6185,9696,5654,69612,409-31812,447-5561,566
EDP debt instruments F2 + F33 + F410,63910,8762,7411,64220,045-1,39916,6585,62411,2391,8334,8226,7925,2575,01812,688-10412,960-4531,200
Currency and deposits F23403653573337229269708048333742901084094024901,044673615298
Securities other than shares, excluding financial derivatives F339,89010,3892,5401,6378,893-4,6316,997-5,021-5,144-2,8621,111-1,571-4,9932,4156,415-4,02036,331-4,910-1,157
Short-term F331-2,3186,999-2,378-7,641-1,981-7,6411,600-5,153-5,243-1,415583,105-3844831,031-2,4092,317637-1,432
Long-term F33212,2083,3904,9189,27810,8743,0105,39713299-1,4471,053-4,676-4,6091,9325,384-1,61134,014-5,547275
Loans F4409122-156-32810,4302,3068,6919,84115,5504,3213,4218,2559,8412,2015,7832,872-24,0443,8422,059
Short-term loans F4117883-1109963-282-148393-43-175-8013481,255406-352-49-397-245
Long-term loans F4223139-46-42710,3672,5888,8399,44815,5934,4963,5018,1219,8339465,3773,224-23,9954,2392,304
Other liabilities F34 + F5 + F61 + F62 + F7-22511268-753446-205-6-4871,330-234-204-8231,308-322-279-214-513-103366
Financial derivatives F340000000000030000000
Shares and other equity F50000000000000000000
Insurance: reserves and premium prepayments F61 + F620000000000000001000
Net equity of households in life insurance reserves and in pension funds reserves F610000000000000001000
Prepay. of ins. premiums and reserves for outstanding claims F620000000000000000000
   Other accounts receivable/payableF7-22511268-753446-205-6-4871,330-234-204-8261,308-322-279-215-513-103366
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 5 (XLS 16KB)
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Table 6 General Government: detailed breakdown of net worth                  
                          €million
DescriptionESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
                         
General Government balance sheet                    
                           
 Net worth at market value, excluding pension liabilities 41,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475-88,566
 equals                    
  Non-financial assets at market value 66,82164,63762,73361,02060,02559,09558,12558,42557,85557,13856,67457,14857,56657,76957,33557,86557,55657,77857,648
 plus                    
  Financial net worth at market value, excluding pension liabilities -24,873-32,699-40,332-40,982-56,661-59,597-68,793-72,599-73,345-75,964-103,950-104,097-114,475-121,174-128,644-135,267-139,391-142,253-146,214
  equals                    
   Financial assets at market value 71,30074,83172,77772,45578,75470,02472,98465,22372,31267,21359,65762,97065,84666,57376,27673,53683,38080,26578,680
    EDP debt instrumentsF2 + F33 + F442,81946,15143,75841,83446,75637,42539,75732,77042,78740,88128,18230,95033,30333,77343,75940,36849,28046,74646,543
     Currency and depositsF233,89133,56831,11629,83634,65427,02829,25618,90730,51932,39016,46318,52520,37720,84730,53324,64933,39230,97630,553
     Securities other than shares, excluding financial derivativesF335,6429,2269,1298,7008,6466,9237,02910,1148,2904,3747,1557,3347,5177,5747,4989,0978,9568,8359,169
      Short-termF331632298539382949494840133001,0461,9901,9911,992
      Long-termF3325,6369,1949,1008,6158,6076,8857,00010,0658,2414,3267,1157,3217,5147,5747,4988,0516,9666,8447,177
     LoansF43,2863,3573,5133,2983,4563,4743,4723,7493,9784,1174,5645,0915,4095,3525,7286,6226,9326,9356,821
      Short-term loansF410000000001586178851,1161,0871,5001,9541,9091,6622,002
      Long-term loansF423,2863,3573,5133,2983,4563,4743,4723,7493,9783,9593,9474,2064,2934,2654,2284,6685,0235,2734,819
    Shares and other equityF520,58420,95921,61221,79423,40024,21425,02823,95619,91717,66323,39422,83023,32123,57123,76324,47426,37326,28024,407
    Other financial assetsF34 + F61 + F62 + F77,8977,7217,4078,8278,5988,3858,1998,4979,6088,6698,0819,1909,2229,2298,7548,6947,7277,2397,730
     Financial derivativesF342781701704108446165716065753817237046291,1801,259642561528817
     Insurance: reserves and premium prepaymentsF61 + F620001111111111110000
      Net equity of households in life insurance reserves and in pension funds reservesF610000000000000000000
      Prepayment of insurance premiums and reserves for outstanding claimsF620001111111111110000
     Other accounts receivable/payableF77,6197,5517,2378,4167,7537,7687,6277,8909,0328,2877,3578,4858,5928,0487,4948,0527,1666,7116,913
  less                    
   Liabilities at market value 96,173107,530113,109113,437135,415129,621141,777137,822145,657143,177163,607167,067180,321187,747204,920208,803222,771222,518224,894
    EDP debt instrumentsF2 + F33 + F490,157101,256106,594108,028129,563123,978136,053132,644139,131136,882157,097161,047173,009180,528197,780201,531216,379216,458218,500
     Currency and depositsF29,1699,5239,88710,30811,02911,89612,85013,71114,47214,79115,01015,21815,64616,04116,51317,47218,11118,73419,005
     Securities other than shares, excluding financial derivativesF3377,57188,19793,32094,660105,03996,29398,71484,04874,74367,62884,10979,67581,35784,65996,54996,557134,628130,045129,519
      Short-termF33123,76830,67328,00320,45618,21710,89112,4977,2312,0897417413,7963,5204,0395,0522,5724,9695,5874,128
      Long-termF33253,80357,52465,31774,20486,82285,40286,21776,81772,65466,88783,36875,87977,83780,62091,49793,985129,659124,458125,391
     LoansF43,4173,5363,3873,06013,49515,78924,48934,88549,91654,46357,97866,15476,00679,82884,71887,50263,64067,67969,976
      Short-term loansF416387216107097734903427356925174385725801,8352,2411,8911,8401,4421,198
      Long-term loansF422,7792,8152,7772,35112,72215,29924,14734,15049,22453,94657,54065,58275,42677,99382,47785,61161,80066,23768,778
    Other liabilitiesF34 + F61 + F62 + F76,0166,2746,5155,4095,8525,6435,7245,1786,5266,2956,5106,0207,3127,2197,1407,2726,3926,0606,394
     Financial derivativesF344919336216149973855584778137971,0261,2261,5721,205976944
     Shares and other equityF50000000000000000000
     Insurance: reserves and premium prepaymentsF61 + F620000000000000001111
      Net equity of households in life insurance reserves and in pension funds reservesF610000000000000001111
     Prepay. of ins. premiums and reserves for outstanding claimsF620000000000000000000
     Other accounts receivable/payableF75,9676,0816,1535,3935,8385,6345,6275,1406,4716,2376,0335,2076,5156,1935,9145,6995,1865,0835,449
                           
                           
  Memo: Estimated pension liabilities of government 116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000116,000
                           
 Memo: Net worth, including pension liabilities -74,052-84,062-93,599-95,962-112,636-116,502-126,668-130,174-131,490-134,826-163,276-162,949-172,909-179,405-187,309-193,402-197,835-200,475-204,566
                           
  Contingent liabilities 287,666287,666287,666287,666163,376163,376163,376163,376148,537148,537148,537148,537119,757119,757119,757119,757119,757119,757119,757
   Guarantees 282,617282,617282,617282,617158,327158,327158,327158,327143,488143,488143,488143,488114,708114,708114,708114,708114,708114,708114,708
   Off-balance sheet PPPs 5,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,0495,049
                           
 Memo: Net worth, including pension liabilities and contingent liabilities -361,718-371,729-381,265-383,628-276,012-279,879-290,044-293,550-280,027-283,363-311,812-311,485-292,666-299,162-307,066-313,159-317,593-320,233-324,323
                           
Change in net worth of government                    
                           
 Opening net worth 46,94441,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475
                           
 Change in net worth due to transactions -4,364-7,401-5,428-1,571-15,563-5,167-13,244-11,759-3,952-3,484-10,620-1,788-3,884-3,249-3,430-2,009-4,668-2,218-2,933
  Net acquisition of non-financial assets  4487391,0201,2103193843451,61594-522011,139418203-434530-309222-130
  Net lending/net borrowing -4,811-8,140-6,449-2,781-15,882-5,551-13,589-13,374-4,046-3,432-10,822-2,927-4,302-3,452-2,996-2,538-4,358-2,440-2,803
   = Net acquisition of financial assets 5,6032,848-3,640-1,8924,609-7,1553,063-8,2378,523-1,833-6,2043,0422,2631,2449,413-2,8568,089-2,996-1,237
   - Net incurrence of liabilities -10,414-10,988-2,809-889-20,4911,604-16,652-5,137-12,569-1,599-4,618-5,969-6,565-4,696-12,409318-12,447556-1,566
                           
 Change in net worth due to other economic flows -632-2,609-4,108-792-1,1111,3003,0798,2532,635148-17,8292,115-6,076-3,247-4,474-4,085234-422-1,158
  Other changes in non-financial assets -2,923-2,923-2,923-2,923-1,314-1,314-1,314-1,314-665-665-665-6650000000
  Other changes in financial net worth 2,291314-1,1842,1312032,6154,3939,5683,300813-17,1642,780-6,076-3,247-4,474-4,085234-422-1,158
   = Other changes in financial assets -7606831,5861,5701,690-1,575-103476-1,434-3,266-1,352271613-5172901161,755-119-348
     EDP debt instruments -217697682566922-519-1,195-26114151497125509-1-151
     Shares and other equity -5367241,5121,4021,002-1,315116929-248-3,042-1,709290541-1,1381882381,871-71-638
     Other financial assets -7-110-2160432-329-24166937343-34-7755077-631-115-33289
   - Other changes in liabilities 3,051-369-2,770561-1,4874,1904,4969,0924,7344,079-15,8122,509-6,689-2,730-4,764-4,201-1,521-303-810
     EDP debt instruments 2,958-223-2,597208-1,4904,1864,5839,0334,7524,082-15,3932,842-6,705-2,501-4,564-3,855-1,888-532-842
     Other liabilities 93-146-17335334-8759-18-3-419-33316-229-200-34636722932
                           
                           
Closing net worth 41,94831,93822,40120,0383,364-502-10,668-14,174-15,490-18,826-47,276-46,949-56,909-63,405-71,309-77,402-81,835-84,475-88,566
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 6 (XLS 23KB)
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Table 7 General Government Gross and Net Debt                   
                       €million
DescriptionESA code2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
                        
General Government Debt                    
                        
  Debt instrument liabilities at market value 90,157101,256106,594108,028129,563123,978136,053132,644139,131136,882157,097161,047173,009180,528197,780201,531216,379216,458218,500
  + Difference between face value and market value -669-20-3,620-3,484-5,407-3262,99011,52016,67321,7815,1088,1801,131-295-5,994-9,071-12,321-11,973-13,804
                        
Gross General Government Debt (face value) 89,488101,236102,974104,544124,156123,652139,043144,164155,804158,663162,205169,227174,140180,233191,786192,460204,058204,485204,696
By category:                    
 Currency and deposits F29,1699,5239,88710,30711,02911,89612,85013,70714,47214,79115,01015,21615,64616,04116,51317,46518,11118,73419,005
 Securities other than shares, exc. financial derivativesF3376,94788,20789,73091,39199,65795,991101,72996,31791,47189,73189,80988,55083,17586,67392,15589,289123,910119,842117,893
  Short-termF33123,46730,48728,10020,44318,46610,89512,5147,2032,0617287243,7773,4974,0235,0432,5354,9595,5624,266
  Long-termF33253,48057,72061,63070,94881,19285,09689,21589,11489,41189,00389,08584,77379,67882,65087,11286,754118,951114,279113,627
 LoansF43,3713,5063,3562,84513,46915,76524,46434,14049,86054,14057,38665,46075,32077,52083,11785,70662,03765,91067,797
  Short-termF416387246147077734903427356925174385745801,8352,2411,8911,8401,4421,198
  Long-termF422,7332,7822,7432,13812,69615,27424,12233,40549,16853,62356,94864,88774,73975,68580,87683,81560,19764,46866,599
                        
less EDP debt instrument assets 42,81946,15143,75841,83446,75637,42539,75732,77042,78740,88128,18230,95033,30333,77343,75940,36849,28046,74646,543
 By category:                    
 Currency and deposits F233,89133,56831,11629,83634,65427,02829,25618,90730,51932,39016,46318,52520,37720,84730,53324,64933,39230,97630,553
 Securities other than shares, exc. financial derivativesF335,6429,2269,1298,7008,6466,9237,02910,1148,2904,3747,1557,3347,5177,5747,4989,0978,9568,8359,169
  Short-termF331632298539382949494840133001,0461,9901,9911,992
  Long-termF3325,6369,1949,1008,6158,6076,8857,00010,0658,2414,3267,1157,3217,5147,5747,4988,0516,9666,8447,177
 LoansF43,2863,3573,5133,2983,4563,4743,4723,7493,9784,1174,5645,0915,4095,3525,7286,6226,9326,9356,821
  Short-termF410000000001586178851,1161,0871,5001,9541,9091,6622,002
  Long-termF423,2863,3573,5133,2983,4563,4743,4723,7493,9783,9593,9474,2064,2934,2654,2284,6685,0235,2734,819
                        
 Net General Government Debt (face value) 46,66955,08559,21662,71077,40086,22799,286111,394113,017117,782134,023138,277140,837146,460148,027152,092154,778157,739158,153
 By category:                    
 Currency and deposits F2-24,722-24,045-21,229-19,529-23,625-15,132-16,406-5,200-16,047-17,599-1,453-3,309-4,731-4,806-14,020-7,184-15,281-12,242-11,548
 Securities other than shares, exc. financial derivativesF3371,30578,98180,60182,69191,01189,06894,70086,20383,18185,35782,65481,21675,65879,09984,65780,192114,954111,007108,724
  Short-termF33123,46130,45528,07120,35818,42710,85712,4857,1542,0126806843,7643,4944,0235,0431,4892,9693,5712,274
  Long-termF33247,84448,52652,53062,33372,58578,21182,21579,04981,17084,67781,97077,45272,16475,07679,61478,703111,985107,435106,450
 LoansF485149-157-45310,01312,29120,99230,39145,88250,02352,82260,36969,91172,16877,38979,08455,10558,97560,976
  Short-termF41638724614707773490342735692359-179-311-536748741-63-69-220-804
  Long-termF42-553-575-770-1,1609,24011,80020,65029,65645,19049,66453,00160,68170,44671,42076,64879,14755,17459,19561,780
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 7 (XLS 17KB)
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Table 8 Reconciliation of Exchequer Balance to General Government Deficit                  
                     € million
Description 2009 Q12009 Q22009 Q3 2009 Q42010 Q12010 Q22010 Q3 2010 Q42011 Q12011 Q22011 Q3 2011 Q42012 Q12012 Q22012 Q3 2012 Q42013 Q12013 Q22013 Q3
                    
Exchequer balance-3,721-10,988-5,449-4,483-3,942-4,946-4,488-5,369-7,066-3,762-9,831-4,259-4,263-5,181-1,691-3,758-3,695-2,898-549
                    
Deduct cash inflows which do not increase financial net worth-1-1-1-1-1-1-1-380-1-1-1-59-2-2-2-4-1,016-82-1,306
Inflows from sale or redemption of financial assets-1-1-1-1-1-1-1-380-1-1-1-59-2-2-2-4-1,016-82-1,306
Incurrence of Exchequer liability to Central Bank for notes and coins in circulation0000000000000000000
                    
Exclude cash outflows which do not reduce financial net worth000310006502,51704,5302802501,50005591833541
Acquisition of financial assets0001000642004,5302802501,50005321833541
Repayment of promissory notes notional loan principal000000002,5170000000000
Redemption of Exchequer liability to Central Bank for notes and coins in circulation000300009000000027000
                    
Impact on financial net worth of Exchequer cash transactions-3,722-10,989-5,449-4,453-3,942-4,947-4,489-5,099-4,550-3,763-5,302-4,038-4,014-3,683-1,692-3,203-4,528-2,626-1,854
                    
Adjust for impact of non-cash revenue and disposals of non-financial asset (+)-1,36521415931-1,012-2969792-440-2801021,337-1,007-127-165551-181-157180
Difference between Exchequer cash tax revenue and time-adjusted Revenue Net Receipts-6091661597-177-3169121233-28049553-311-20269212-123-198128
Receipts due from EU (Agriculture grants, Cohesion Fund, ESF and ERDF)-755480835-83520671-67300709-7710-8714-785-100
Accrual of interest due on contingent capital assets assigned to banks000000000053757575-2257545151
Licence sales000000000000000-45072300
Other accrued revenue0000000000000000001
                    
Adjust for impact of non-cash expenditure (-)-433654-352206-10,994-1,785-9,540-9,505569430-1,312400247580-1,304-131-3656-1,391
Capital transfers to financial institutions financed by promissory notes0000-10,900-2,250-8,580-9,120000000000130
Difference between interest paid and accrued-514598-423110-186373-1,051-461582430-1,312262273612-1,274-57-38644-1,391
Difference between Exchequer cash issues and accrued net spending of departments and offices7471689385838268-9-9-9129-44-42-40-47000
Other accrued expenditure7-15438999-4999181010-273500
                    
EDP Net lending (+) / net borrowing (-) of Exchequer-5,520-10,121-5,786-3,316-15,948-6,761-13,961-13,812-4,421-3,613-6,512-2,301-4,774-3,230-3,161-2,783-4,712-2,127-3,066
                    
Net lending (+) / net borrowing (-) of extra-budgetary bodies, funds and accounts consolidated with Exchequer541687787503514076-127-45-273371647364-28-125-69
Bank Guarantee Scheme receipts - special account7697528802970-556313-223-373280-20-12-25-10-16-116-25
Capital Services Redemption Account442-38-93145578-57753-26-493037-18-5023350
Small Savings Reserve Fund0-60-237000000000000000
Other Extra-Budgetary Funds624-1-1160-4810390909080727272-35-45-44
Health Service Executive373840564140394634353650-26-25-23-9000
                    
EDP Net lending (+) / net borrowing (-) of Budgetary Central Government-5,466-9,953-5,709-3,229-15,898-6,409-13,920-13,736-4,548-3,658-6,786-1,930-4,710-3,157-3,155-2,779-4,740-2,252-3,135
                    
Net lending (+) / net borrowing (-) of other Central Government bodies3812,9732511,0732311,295501360154229-4,047-732188-191161208171-258267
National Pensions Reserve Fund3202,9121891,0111641,228433291162235-4,042-728180-199153200112-317207
Non-market State corporations and agencies5454545467676767-1-1-1-1-5-5-5-5606060
Voluntary and joint board hospitals6777-1012-7-5-3-214141414000
                    
                    
EDP Net lending (+) / net borrowing (-) of Central Government (S.1311)-5,085-6,980-5,458-2,156-15,667-5,114-13,420-13,375-4,394-3,429-10,832-2,661-4,522-3,348-2,994-2,571-4,569-2,510-2,869
                    
EDP Net lending (+) / net borrowing (-) of Social Insurance Fund (S.1311)-415-684-613-787-599-267-803422243-82-19161-48-161749310
                    
EDP Net lending (+) / net borrowing (-) of Local Government (S.1313)687-478-379160386-167-87-2994-7959-107109-111-41-4782-227
                    
EDP Net lending (+) / net borrowing (-) of General Government (S.13) (=GGDeficit)-4,813-8,142-6,450-2,783-15,880-5,548-13,587-13,371-4,079-3,465-10,855-2,960-4,351-3,507-3,052-2,601-4,438-2,501-2,861
Open in Excel: Government Finance Statistics Quarter 3 2013 Table 8 (XLS 40KB)
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Background Notes

Introduction

This release contains the quarterly government finance statistics for Ireland. It provides the first set of results for Q 3 2013 .These figures are compiled in accordance with the ESA95 system of accounts, as used in all member states of the European Union.

Government Finance Statistics – Concepts and Definitions

Government Finance Statistics (GFS) form the basis for fiscal monitoring in Europe, in particular in relation to the Excessive Deficit Procedure (EDP). 

European GFS, including EDP statistics are produced according to the legally binding accounting rules of the European System of Accounts 1995 (ESA95).  The Manual on Government Debt and Deficit (MGDD) provides further guidance on the implementation of ESA95 in the context of GFS. 

The ESA95 regulation sets out both a methodology for the compilation of National Accounts and a programme of transmission of key economic aggregates which are a subset of the full set of accounts set out in ESA95.  In relation to GFS aggregates of interest include: general government revenue and expenditure, general government surplus/deficit, general government consolidated gross debt, and general government net worth as well as the main components of these measures

EU Member States are required to report government deficit/surplus and debt data biannually under the EDP (before 1 April and 1 October in year N) for years N-4 to N-1 calendar years as well as a forecast for the current year. The data are reported in harmonised tables, which provide a consistent framework for the presentation of this data by Member States. The tables provide a structure for linking national budgetary aggregates with government deficit and debt.

Detailed statistics on Government revenue, expenditure and financial flows and stock positions are also provided to Eurostat under the ESA95 transmission programme.  For quarterly data the main tables reported are:

Table 2500 Quarterly non-financial accounts for general government,
Table 2700 Quarterly financial accounts for general government
Table 2800 Quarterly government debt.

Total general government expenditure and revenue are defined according to Commission Regulation (EC) No 1500/2000 of 10 July 2000 on general government expenditure and revenue. They comprise specific categories of ESA95.

Definition of general government and its subsectors
The general government sector of the economy, is defined in ESA95, paragraph 2.68: 'All institutional units which are other non-market producers [institutional units whose sales do not cover more than the 50% of the production costs, see ESA95 paragraph 3.26] whose output is intended for individual and collective consumption, and mainly financed by compulsory payments made by units belonging to other sectors, and/or all institutional units principally engaged in the redistribution of national income and wealth'. General government comprises the sub-sectors central government (S.1311), state government (S.1312 - where applicable), local government (S.1313), and social security funds (S.1314).

As part of the GFS production process CSO is required to define the General Government and public sectors for Ireland. In this context, the public sector includes all bodies that are directly or indirectly controlled by a Government department or office, or by a local authority.  General Government, in turn, includes all public sector bodies that are also mainly financed by Government bodies.  The decision rules governing the classification of bodies to the public and General Government sectors are set out in detail in the Manual on Government Deficit and Debt.  A detailed explanation of the application of these rules and the most up-to-date list of public sector and (including general government bodies) for Ireland are shown at
http://www.cso.ie/en/media/csoie/surveysandmethodologies/documents/pdfdocs/RegPublicSectorBodies.pdf


General Government Deficit/Surplus (GGDeficit) is the standard European measure of the fiscal balance, which is used to monitor compliance with the Stability and Growth Pact.  It is the difference between the revenue and the expenditure of the general government sector. The government deficit data related to the EDP (EDP B.9) differs from the deficit according to ESA95 (B.9) in the treatment of interest relating to swaps and forward rate agreements.

Net Lending/Net Borrowing, that is, the GGDeficit excluding flows on interest swap instruments, is by definition equal to bothTotal Revenue less Total Expenditure, and Net Acquisition of Financial Assets less Net Incurrence of Liabilities. In order to respect this accounting identity, a technical adjustment is made to the level of transactions recorded in liability category F332 (long-term securities other than shares) to eliminate any statistical discrepancy between the two approaches to the calculation of Net Lending/Net Borrowing This adjustment has no impact on Net Worth, gross or net debt.

General Government Debt (GGDebt) is defined in the EU regulations implementing the Maastricht Treaty as the gross debt liabilities of the consolidated General Government sector, at nominal value. 
‘Gross’ means that the value of any financial assets held by General Government cannot be deducted from the GGDebt. In Ireland’s case, this means that the liquid assets which are deducted from the ‘gross’ National Debt in arriving at the audited National Debt cannot be deducted from the GGDebt. 
‘Debt liabilities’ are defined as the ESA categories AF.2 (Currency and deposits), AF.33 (Securities other than shares, excluding financial derivatives), and AF.4 (loans). 
This definition excludes liabilities in derivatives (AF.34), equity liabilities (AF.5), pension and insurance liabilities (AF.6) and accounts payable (AF.7). 
‘Consolidated’ means that any money owed by one entity within General Government to another is excluded from the total GGDebt. 
‘Nominal value’ is defined in the governing regulation as face value. If debt is sold at a discount, it is the undiscounted value of the instrument, rather than the amount actually received, that is shown in the GGDebt. In other statistical contexts, ‘nominal value’ means face value plus any interest accrued but not paid; however, such interest is excluded from GGDebt by definition.

General Government Net Worth is calculated as the value of the non-financial assets of General Government plus financial net worth of General Government (financial net worth equals the difference between the financial assets and liabilities of the sector). The net worth figures presented in this release are shown at market value.

ESA95 codes as given in the tables of this release and an explanation of each code are shown below for the main components of Government revenue and expenditure as well as for types of financial flows. More detailed codes and technical definitions can be seen in the ESA95 manual available at http://circa.europa.eu/irc/dsis/nfaccount/info/data/esa95/en/esa95en.htm. 

GDP figures used in this release.

The quarterly GDP series used to calculate GGDeficit, GGDebt, GG Net Debt and GG Net Worth as a percentage of GDP in this release is GDP at Current Market Prices, Table 2, Quarterly National Accounts, Quarter 3, 2013 - http://www.cso.ie/en/releasesandpublications/er/na/quarterlynationalaccountsquarter32013/. “Annualised GDP” for a given quarter is the sum of these quarterly GDP figures for that quarter and the three preceding quarters.


Main Components of General Government Expenditure and Revenue
P.2      Intermediate consumption – value of goods and services used in the process of production, excluding
           fixed assets
P.5      Gross capital formation
           P.51 Gross fixed capital formation - acquisitions, less disposals, of fixed assets during a given period
           plus certain additions to the value of non-produced assets realised by productive activity. Fixed assets
           are tangible or intangible assets produced as outputs from processes of production that are
           themselves used repeatedly, or continuously, in processes of production for more than one year
           P.52 Changes in inventories
           P.53 Acquisitions less disposals of valuables
D.1      Compensation of employees – the total remuneration of government employees
           D.11    Wages and salaries, in cash and in kind
           D.12    Employers social contributions – actual (D.121) and imputed (D.122)
D.29    Other taxes on production (payable) all taxes that enterprises incur as a result of engaging in
           production, independently of the quantity or value of the goods and services produced or sold. These
           include taxes on use or ownership of land or buildings, taxes on use of fixed assets, taxes on total
           wage bill and payroll, taxes on international transactions related to production.
D.3      Subsidies (payable) - current unrequited payments which general government or the Institutions of
           the European Union make to resident  producers, with the objective of influencing their levels of 
           production, their prices or the remuneration of the factors of production
D.4      Property income (payable) - the income receivable by the owner of a financial asset or a tangible
           non-produced asset in return for providing funds to, or putting the tangible non-produced asset at
           the disposal of, another unit
           D.41    Interest (payable) - excludes settlements under swaps and forward rate arrangements,
           as these are treated as financial transactions in the ESA95
D.5      Current taxes on income, wealth, etc, (payable)  - all compulsory, unrequited payments, in cash or in
           kind, levied periodically by general government and by the rest of the world on the income and wealth
           of units in the economy, and some periodic taxes which are assessed neither on income nor wealth
D.6      Social contributions - transfers to households, in cash or in kind, intended to relieve them from the
           financial burden of a number of risks or needs, made through collectively organised schemes, or
           outside such schemes by government and non-profit institutions. These include payments from
           general government to producers which individually benefit households and which are made in the
           context of social risks or needs
           D.62    Social benefits in cash - social benefits and pensions paid in cash;
           D.631  Social transfers in kind, via market producers - can be subdivided into those where beneficiary
           households actually purchase the goods and services themselves and are then reimbursed, and those
           where the relevant services are provided directly to the beneficiaries
D.7      Other current transfers
D.9      Capital transfers - involve the acquisition or disposal of an asset, or assets, by at least one of the
           parties to the transaction.
K.1      Consumption of fixed capital - the amount of fixed assets used up, during the period under
           consideration, as a result of normal wear and tear and foreseeable obsolescence, including a provision
           for losses of fixed assets as a result of accidental damage which can be insured against.

           Categories of Financial Flows

F.1      Monetary gold and special drawing rights (SDRs)
           F.11 Monetary gold
           F.12 Special drawing rights (SDRs)
F.2      Currency and deposits
           F.21 Currency
           F.22 Transferable deposits
           F.29 Other deposits
F.3      Securities other than shares
           F.33 Securities other than shares, excluding financial derivatives 
           (F.331 - Short-term, F.332 - Long-term)
           F.34 Financial derivatives
F.4      Loans
           F.41 - Short-term, F.42 - Long-term
F.5      Shares and other equity
           F.51 Shares and other equity, excluding mutual funds shares (F.511 - Quoted shares,
           F.512 - Unquoted shares, F.513 - Other equity )
           F.52 Mutual funds shares
F.6      Insurance technical reserves

           F.61 Net equity of households in life insurance reserves and in pension funds reserves
           (F.611 - Net equity of households in life insurance reserves, F.612 - Net equity of households
           in pension funds reserves,
           F.62 - Prepayments of insurance premiums and reserves for outstanding claims

F.7      Other accounts receivable/payable
           F.71 Trade credits and advances
           F.79 Other

 

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