The CSO today issued two new statistical releases:
These new releases bring together for the first time the key data on government finances produced by the CSO. They show how the General Government Deficit (GGDeficit) and General Government Debt (GGDebt) relate to government revenue, expenditure and financing operations. They also present the first official calculation of both net GGDebt and the total net worth of general government.
Key results for the 2009-2012 period include:
These two releases published today are based on a number of data series which the CSO has been transmitting to Eurostat since April 1999, as required by the European System of Accounts 1995 (ESA95) transmission programme. The current releases cover the 2009 to 2012 period only, but the data series transmitted to Eurostat and covering the period 1990-2012 (annual) and 1999-2012 (quarterly) will be made available on the CSO Statbank in the near future. They are already available on the Eurostat data explorer.
A methodological note and a preliminary register of public sector bodies including those bodies which are classified within the General Government sector is also published today on the CSO website at
http://www.cso.ie/en/surveysandmethodology/nationalaccounts/
These new releases coincide with the transfer of responsibility for reporting of Government Deficit and Debt under the Excessive Deficit Procedure to the CSO. Under the Maastricht Treaty, as implemented by EU Council Regulation (EC) No 479/2009, all EU member-states must make an official twice-yearly report on their General Government Deficit (GGDeficit) and General Government Debt (GGDebt) levels to Eurostat, the statistical agency of the EU Commission.
In line with Eurostat best practice guidelines, formal responsibility for Ireland’s EDP reporting has transferred from the Department of Finance to the CSO, with effect from April 2013.
The Department of Finance continues to be responsible for production of the current year forecast outturn data included in the reporting to Eurostat.
Editor’s note: Government Finance Statistics Annual Results 2009-2012 (April 2013) and Government Finance Statistics Quarterly Results 2009-2012 (April 2013) are available on the CSO website:
For further information contact:
Ciaran Judge (01 498 4360), Rod O’Mahony (01 498 4304) or Gillian Roche (01 498 4310).
Central Statistics Office 22 April 2013
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