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E-mail: gfs@cso.ie Norita Murphy (+353) 1 498 4295 Derek Stynes (+353) 1 498 4303 Mary Brew (+353) 1 498 4365
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CSO statistical release, 19 July 2017, 11am

Government Income and Expenditure

2011 to 2016 (July 2017 Results)

 General Government Revenue and Expenditure
 GG Deficit Revenue ExpenditureGDP
End of year€m% GDP€m% GDP€m% GDP€m
2011-21,893-12.757,73333.679,62546.3171,939
2012-14,118-8.059,49333.973,61041.9175,561
2013-11,020-6.161,49634.172,51640.2180,298
2014-7,099-3.665,94033.973,03937.5194,537
2015-4,968-1.970,62227.075,59128.8262,037
2016-1,811-0.772,56526.374,37627.0275,567

Government Deficit of -0.7% of GDP in 2016

Figure 1 General Government Deficit, Gross Debt and Net Debt
go to full release

In 2016, the government deficit was €1.8 billion (-0.7% of GDP), an improvement on the 2015 deficit of €5 billion (-1.9% of GDP).  The change was driven by an increase of 2.8% in government revenues to €72.6 billion in 2016 coupled with a 1.6% decrease in expenditure to €74.4 billion between 2015 and 2016 (Table 1).

The upward trend in tax and social contribution revenue continued in 2016 with increases of €2.1 billion (+4.2%) in Taxes and €0.6 billion (+5.0%) in Social contributions.  There was also a once-off reimbursement of a prepaid margin (€555 million) on a loan from the European Financial Stability Facility (EFSF) recorded as a capital transfer in 2016 (see Background notes).  These increases were partially offset by a reduction in Investment income of €0.9 billion (-32.9%) (Table 1).

Although total government expenditure fell in 2016, the comparison with 2015 is impacted by a once-off capital transfer of €2.1 billion in 2015.  Excluding this item results in an increase of €0.8 billion in other expenditure categories being observed between 2015 and 2016.  There were increases in Compensation of employees/Pay (+2.4%), Use of goods and services (+2.5%) and Gross fixed capital formation (+12.8%).  Debt service costs, or Interest, continued to decrease in 2016 with a reduction of 9.6% (Tables 1 and 4).

In 2016, central government collected €69.3 billion (95%) of total revenue (Table 4). The balance was generated by local government in the form of commercial rates, social housing rents and other transfers (Table 8).

Central government spent €71.4 billion in 2016 (Table 4), resulting in a central government deficit of €2.1 billion.  Local government recorded a surplus of €265 million in 2016 (Table 7).  These balances combine to make up the general government deficit of €1.8 billion in 2016.

National accounts are compiled in the EU according to the European System of National Accounts 2010 (ESA2010) framework.

The Government Income and Expenditure (GIE) 2016 release is fully aligned with the National Income and Expenditure (NIE) 2016.

The changes to the previously published tables under the Excessive Debt Procedure in April 2017 reflect updated data sources which become available between the April and July publications as well as a change to methodology for the treatment of the sale of mobile phone licences - see Background Notes.

 

 

Table 1 General Government transactions: revenue, expenditure and deficit
         €million
DescriptionESA2010 code201120122013201420152016
General Government transactions       
RevenueTR57,73359,49361,49665,94070,62272,565
Taxes and social contributionsD2 + D5 + D91 + D6149,23150,81852,92557,45062,17464,887
TaxesD2 + D5 + D9138,86340,94442,51646,46750,78652,928
Social contributions D6110,3689,87410,41010,98311,38811,959
Sales of goods and servicesP1O5,1635,0574,8684,7395,1194,692
Investment incomeD42,4673,0663,2553,0642,7301,831
Current transfer revenue (excluding taxes)D7262254150282292231
Capital transfer revenue (excluding taxes)D9N610299298405308925
  
ExpenditureTE79,62573,61072,51673,03975,59174,376
ExpenseExpense78,39873,16872,07872,13774,71073,152
Compensation of employeesD119,38918,99618,59418,34418,89819,354
Use of goods and services plus taxes payableP2 + D5 + D298,8018,3438,1968,9069,1799,406
Depreciation (Consumption of fixed capital)P51c3,0493,1113,1753,3303,5263,738
Interest (excluding FISIM)D415,7687,2987,7747,6086,8646,202
SubsidiesD31,7251,9101,9061,8631,7661,674
Social benefitsD62 + D63228,82729,45428,52628,07628,42128,494
Other current transfersD72,6172,5382,8912,7772,5782,918
Capital transfersD98,2221,5191,0161,2343,4781,365
  
 Net operating balanceNOB-20,666-13,676-10,582-6,198-4,088-587
  
Net acquisition of non-financial assetsP5 + NP - P51c1,2284424389018811,225
           
 General Government Surplus/DeficitB9-21,893-14,118-11,020-7,099-4,968-1,811
 General Government Surplus/Deficit (% of GDP) -12.7-8.0-6.1-3.6-1.9-0.7
Table 2 General Government: detailed classification of revenue and output
         €million
DescriptionESA2010 code201120122013201420152016
            
Total RevenueTR57,73359,49361,49665,94070,62272,565
 Taxes and social contributions49,23150,81852,92557,45062,17464,887
  TaxesD2 + D5 + D9138,86340,94442,51646,46750,78652,928
   Indirect taxes (taxes on production and imports)D217,77918,35919,30221,21022,52523,431
    Taxes on productsD2115,70516,09916,74918,23719,44120,773
    of which Value-Added TaxD2119,75510,21910,37211,52111,95512,826
    Other taxes on production D292,0742,2592,5532,9733,0842,658
   Direct taxesD520,84222,30022,93524,89827,86029,087
    Taxes on income, profits and capital gainsD5119,43520,83721,29823,01626,58828,039
    Other current direct taxesD591,4071,4631,6371,8821,2721,047
   Capital taxesD91242285278359401411
  Social contributions D6110,3689,87410,41010,98311,38811,959
   Actual social contributionsD611 + D6139,0398,4829,0209,58110,20610,777
    PRSI receipts D611 + D613(pt)7,2686,7997,2997,9478,5129,226
    Government employees' social contributionsD613(pt)1,7701,6821,7211,6331,6941,551
   Employers' imputed social contributionsD6121,3301,3931,3901,4031,1821,182
 Sales of goods and servicesP1O5,1635,0574,8684,7395,1194,692
  Sales of market establishments (= market output)P119059569911,0391,1171,208
  Imputed sales related to production of own-use capital assets (= output for own final use)P12583833332121
Incidental sales and fees of non-market establishmentsP1314,2004,0633,8453,6663,9813,464
Investment incomeD42,4673,0663,2553,0642,7301,831
Interest (excluding FISIM)D411,3631,6071,3791,038684249
DividendsD421,0771,4281,7721,9231,9421,478
Current transfer revenueD39 + D7262254150282292231
SubsidiesD39000000
Other current transfersD7262254150282292231
Non-life insurance claimsD721389766
Other Domestic - Current D7N_S1204200131239193193
From Rest of World - CurrentD7N_S2454611369332
Capital transfer revenueD9N610299298405308925
            
Output P131,53330,80230,33930,98332,07233,046
Market output (sales of market establishments)P119059569911,0391,1171,208
Output for own final useP12583833332121
Non-market outputP1330,57029,80829,31529,91130,93431,818
= Non-market compensation of employeesD1_nonmarket19,33118,95818,56118,31118,87819,333
= Total compensation of employeesD119,38918,99618,59418,34418,89819,354
- Compensation of employees of market establishmentsD1_market      
- Compensation related to production of own-use capital assetsD1_own-use-58-38-33-33-21-21
+ Non-market intermediate consumptionP2_nonmarket8,5738,1297,9768,6868,9549,181
= Total intermediate consumptionP28,8008,3428,1968,9069,1799,406
- Intermediate consumption of market establishmentsP2_market-227-212-219-219-225-225
- Intermediate consumption related to production of own-use capital assetsP2_own-use      
+ Non-market consumption of fixed capitalP51c_nonmarket2,6652,7212,7782,9143,1023,304
= Total consumption of fixed capitalP51c3,0493,1113,1753,3303,5263,738
- Consumption of fixed capital by market establishmentsP51c_market-384-390-397-416-424-434
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use      
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 3 General Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201120122013201420152016
            
Total ExpenditureTE79,62573,61072,51673,03975,59174,376
        
Expense78,39873,16872,07872,13774,71073,152
Compensation of employeesD119,38918,99618,59418,34418,89819,354
Of which: Related to production of own-use capital assets583833332121
Use of goods and services plus taxes payableP2 + D5 + D298,8018,3438,1968,9069,1799,406
Use of goods and services [Intermediate consumption]P28,8008,3428,1968,9069,1799,406
Of which: Intermediate consumption of market establishments 227212219219225225
Taxes, payableD5110000
Depreciation (Consumption of fixed capital)P51c3,0493,1113,1753,3303,5263,738
Of which: Depreciation by market establishments 384390397416424434
Interest (excluding FISIM)D415,7687,2987,7747,6086,8646,202
Other domestic interest payableD41_S11,4192,6773,1362,9172,4672,294
Interest payable to rest of worldD41_S24,3494,6214,6384,6904,3973,908
SubsidiesD31,7251,9101,9061,8631,7661,674
Product subsidiesD311,0601,0631,071957882847
Other subsidies on productionD39665847835906884827
Social benefitsD62 + D63228,82729,45428,52628,07628,42128,494
Social benefits in cashD6223,86824,23523,54022,97323,02622,970
Social benefits in kind (via market producers)D6324,9585,2194,9865,1025,3945,524
Other current transfersD72,6172,5382,8912,7772,5782,918
Net non-life insurance premiumsD71477758747979
Current international cooperationD74547546531435473438
Miscellaneous current transfersD75873725747786519550
VAT and GNI based EU budget contributionD761,1501,1901,5561,4831,5071,851
VAT-based EU own resourcesD761194191194203215219
GNI-based EU own resourcesD7629569991,3611,2801,2921,632
Capital transfersD98,2221,5191,0161,2343,4781,365
Investment grantsD921,1011,2399781,0411,3671,365
Other capital transfersD997,121280381932,1110
        
Net acquisition of non-financial assetsP5 + NP - P51c1,2284424389018811,225
= Gross investment in non-financial assetsP5 + NP4,2773,5533,6134,2314,4064,963
Gross fixed capital formationP514,1663,4703,5304,1714,3464,903
Net acquisition of stocksP521118383606060
Net acquisition of unproduced assetsNP000000
- Consumption of fixed capitalP51c-3,049-3,111-3,175-3,330-3,526-3,738
            
Net expenditure on current goods and servicesP3 excl. D63226,37025,74525,47126,24426,95328,354
= OutputP131,53330,80230,33930,98332,07233,046
- Sales of goods and services P11+P12+P131-5,163-5,057-4,868-4,739-5,119-4,692
Market output (sales of market establishments)P11-905-956-991-1,039-1,117-1,208
Output for own final useP12-58-38-33-33-21-21
Incidental sales and fees of non-market establishmentsP131-4,200-4,063-3,845-3,666-3,981-3,464
            
Final consumption expenditureP331,32830,96430,45631,34732,34733,878
= Net expenditure on current goods and servicesP3 excl. D63226,37025,74525,47126,24426,95328,354
+ Social transfers in kind via market producers D6324,9585,2194,9865,1025,3945,524
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)20,63420,48720,42421,16021,76122,791
Social transfers in kind (via market producers)D6324,9585,2194,9865,1025,3945,524
Social transfers in kind (provided directly by government)D63115,67615,26815,43816,05816,36717,267
Collective consumption (= actual final consumption of government)P3210,69410,47710,03210,18610,58611,087
            
Total social transfersD62 + D6344,50244,72243,96444,13444,78845,761
Social benefits in cashD62 23,86824,23523,54022,97323,02622,970
 Social transfers in kind (= individual consumption)D6320,63420,48720,42421,16021,76122,791
Table 4 Central Government transactions: revenue, expenditure, financing and deficit
         €million
DescriptionESA2010 code201120122013201420152016
Central Government transactions       
RevenueTR54,17555,84858,04162,62267,30569,277
Taxes and social contributionsD2 + D5 + D91 + D6147,55449,00851,19255,74960,58263,459
TaxesD2 + D5 + D9137,51839,46241,10945,06449,43951,758
Social contributions D6110,0369,54510,08310,68511,14411,701
Sales of goods and servicesP1O3,5733,4793,3183,3633,6723,154
Investment incomeD42,4673,0663,3053,0952,7401,841
Current transfer revenue (excluding taxes)D7218211124241255194
Capital transfer revenue (excluding taxes)D9N3648310217356629
 
ExpenditureTE75,91269,87269,05269,82472,85171,352
ExpenseExpense75,01769,05767,97667,89771,10169,051
Compensation of employeesD117,20416,84916,56816,79017,40717,826
Use of goods and services plus taxes payableP2 + D5 + D296,7776,4646,7967,2067,4767,740
Depreciation (Consumption of fixed capital)P51c1,2661,3011,3421,6361,7691,905
Interest (excluding FISIM)D415,7467,2757,7527,5946,8496,187
SubsidiesD31,7251,9101,9061,8631,7661,674
Social benefitsD62 + D63227,35427,90427,05726,83427,09427,119
Other current transfersD75,0614,7504,6444,3304,1804,571
Capital transfersD99,8852,6041,9131,6444,5612,029
 
 Net operating balanceNOB-20,842-13,209-9,936-5,277-3,795225
 
Net acquisition of non-financial assetsP5 + NP - P51c8958141,0761,9261,7502,301
           
 Central Government Surplus/DeficitB9-21,737-14,023-11,012-7,203-5,545-2,076
Table 5 Central Government: detailed classification of revenue and output
         €million
DescriptionESA2010 code201120122013201420152016
            
Total RevenueTR54,17555,84858,04162,62267,30569,277
 Taxes and social contributions47,55449,00851,19255,74960,58263,459
  TaxesD2 + D5 + D9137,51839,46241,10945,06449,43951,758
   Indirect taxes (taxes on production and imports)D216,43716,88117,89519,80721,17822,261
    Taxes on productsD2115,70516,09916,74918,23719,44120,773
    of which Value-Added TaxD2119,75510,21910,37211,52111,95512,826
    Other taxes on production D297327811,1471,5711,7371,488
   Direct taxesD520,84222,30022,93524,89827,86029,087
    Taxes on income, profits and capital gainsD5119,43520,83721,29823,01626,58828,039
    Other current direct taxesD591,4071,4631,6371,8821,2721,047
   Capital taxesD91239282278359401411
  Social contributions D6110,0369,54510,08310,68511,14411,701
   Actual social contributionsD611 + D6138,8398,2928,8329,45110,08010,646
    PRSI receipts D611 + D613(pt)7,2686,7997,2997,9478,5129,226
    Government employees' social contributionsD613(pt)1,5711,4931,5341,5031,5681,425
   Employers' imputed social contributionsD6121,1971,2531,2511,2351,0641,054
 Sales of goods and servicesP1O3,5733,4793,3183,3633,6723,154
  Sales of market establishments (= market output)P11000000
  Imputed sales related to production of own-use capital assets (= output for own final use)P12583833332121
Incidental sales and fees of non-market establishmentsP1313,5153,4413,2853,3303,6513,134
Investment incomeD42,4673,0663,3053,0952,7401,841
Interest (excluding FISIM)D411,3621,6071,4291,069694259
 of which received from local governmentD41_LG1189799715050
DividendsD421,0771,4281,7721,9231,9421,478
Current transfer revenueD39 + D7218211124241255194
SubsidiesD39000000
Other current transfersD7218211124241255194
Non-life insurance claimsD721389766
Grants from local governmentD73333333
Other Domestic - Current D7N_S1158155102196153153
From Rest of World - CurrentD7N_S2454611369332
Capital transfer revenueD9N3648310217356629
            
Output P125,24524,61324,70525,63226,65227,470
Market output (sales of market establishments)P11000000
Output for own final useP12583833332121
Non-market outputP1325,18724,57524,67225,59926,63127,450
= Non-market compensation of employeesD1_nonmarket17,14616,81116,53516,75717,38617,805
= Total compensation of employeesD117,20416,84916,56816,79017,40717,826
- Compensation of employees of market establishmentsD1_market00000-1
- Compensation related to production of own-use capital assetsD1_own-use-58-38-33-33-21-21
+ Non-market intermediate consumptionP2_nonmarket6,7756,4636,7967,2067,4767,740
= Total intermediate consumptionP26,7756,4636,7967,2067,4767,740
- Intermediate consumption of market establishmentsP2_market000000
- Intermediate consumption related to production of own-use capital assetsP2_own-use000000
+ Non-market consumption of fixed capitalP51c_nonmarket1,2661,3011,3421,6361,7691,905
= Total consumption of fixed capitalP51c1,2661,3011,3421,6361,7691,905
- Consumption of fixed capital by market establishmentsP51c_market000000
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use000000
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 6 Central Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201120122013201420152016
            
Total ExpenditureTE75,91269,87269,05269,82472,85171,352
        
Expense75,01769,05767,97667,89771,10169,051
Compensation of employeesD117,20416,84916,56816,79017,40717,826
Of which: Related to production of own-use capital assets583833332121
Use of goods and services plus taxes payableP2 + D5 + D296,7776,4646,7967,2067,4767,740
Use of goods and services [Intermediate consumption]P26,7756,4636,7967,2067,4767,740
Of which: Intermediate consumption of market establishments 000000
Taxes, payableD5110000
Depreciation (Consumption of fixed capital)P51c1,2661,3011,3421,6361,7691,905
Of which: Depreciation by market establishments 000000
Interest (excluding FISIM)D415,7467,2757,7527,5946,8496,187
Other domestic interest payableD41_S11,3972,6543,1142,9042,4522,279
Interest payable to rest of worldD41_S24,3494,6214,6384,6904,3973,908
SubsidiesD31,7251,9101,9061,8631,7661,674
Product subsidiesD311,0601,0631,071957882847
Other subsidies on productionD39665847835906884827
Social benefitsD62 + D63227,35427,90427,05726,83427,09427,119
Social benefits in cashD6223,09923,45622,88522,60822,66122,658
Social benefits in kind (via market producers)D6324,2554,4484,1724,2264,4334,461
Other current transfersD75,0614,7504,6444,3304,1804,571
Net non-life insurance premiumsD71477758747979
Current grants to local governmentD73 _LG2,4902,2571,7981,6001,6491,699
Current international cooperationD74547546531435473438
Miscellaneous current transfersD75827680702739472503
VAT and GNI based EU budget contributionD761,1501,1901,5561,4831,5071,851
VAT-based EU own resourcesD761194191194203215219
GNI-based EU own resourcesD7629569991,3611,2801,2921,632
Capital transfersD99,8852,6041,9131,6444,5612,029
 Capital grants to local governmentD9_LG1,8511,3571,1326411,300881
Investment grantsD929139667438101,1501,148
Other capital transfersD997,121280381932,1110
        
Net acquisition of non-financial assetsP5 + NP - P51c8958141,0761,9261,7502,301
= Gross investment in non-financial assetsP5 + NP2,1612,1162,4183,5623,5194,205
Gross fixed capital formationP512,0502,0332,3353,5023,5194,145
Net acquisition of stocksP521118383606060
Net acquisition of unproduced assetsNP0000-600
- Consumption of fixed capitalP51c-1,266-1,301-1,342-1,636-1,769-1,905
            
Net expenditure on current goods and servicesP3 excl. D63221,67221,13421,38722,26922,98024,316
= OutputP125,24524,61324,70525,63226,65227,470
- Sales of goods and services P11+P12+P131-3,573-3,479-3,318-3,363-3,672-3,154
Market output (sales of market establishments)P11000000
Output for own final useP12-58-38-33-33-21-21
Incidental sales and fees of non-market establishmentsP131-3,515-3,441-3,285-3,330-3,651-3,134
            
Final consumption expenditureP325,92725,58225,55926,49527,41328,777
= Net expenditure on current goods and servicesP3 excl. D63221,67221,13421,38722,26922,98024,316
+ Social transfers in kind via market producers D6324,2554,4484,1724,2264,4334,461
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)18,28318,12118,05918,82419,38320,333
Social transfers in kind (via market producers)D6324,2554,4484,1724,2264,4334,461
Social transfers in kind (provided directly by government)D63114,02813,67313,88714,59814,95115,872
Collective consumption (= actual final consumption of government)P327,6447,4617,5007,6718,0308,444
            
Total social transfersD62 + D6341,38241,57740,94341,43242,04442,991
Social benefits in cashD62 23,09923,45622,88522,60822,66122,658
 Social transfers in kind (= individual consumption)D6318,28318,12118,05918,82419,38320,333
Table 7 Local Government transactions: revenue, expenditure, financing and deficit
         €million
DescriptionESA2010 code201120122013201420152016
Local Government transactions       
RevenueTR8,0197,3616,4875,6336,3195,923
Taxes and social contributionsD2 + D5 + D91 + D611,6781,8101,7331,7011,5911,428
TaxesD2 + D5 + D911,3451,4811,4071,4031,3471,170
Social contributions D61333329326298244259
Sales of goods and servicesP1O1,5901,5781,5511,3761,4471,538
Investment incomeD41199749404040
Current transfer revenue (excluding taxes)D72,5362,3021,8271,6431,6891,739
Capital transfer revenue (excluding taxes)D9N2,0961,5731,3288731,5521,177
  
ExpenditureTE8,1757,4536,4965,5305,7425,657
ExpenseExpense7,8437,8267,1346,5556,6116,734
Compensation of employeesD12,1852,1472,0271,5541,4921,527
Use of goods and services plus taxes payableP2 + D5 + D292,0251,8791,4001,7001,7041,666
Depreciation (Consumption of fixed capital)P51c1,7831,8091,8341,6941,7561,834
Interest (excluding FISIM)D41141120122856565
SubsidiesD3000000
Social benefitsD62 + D6321,4731,5501,4691,2421,3271,375
Other current transfersD7484848505050
Capital transfersD9188273235231217217
  
 Net operating balanceNOB177-465-647-922-291-811
  
Net acquisition of non-financial assetsP5 + NP - P51c333-372-638-1,025-869-1,076
           
 Local Government Surplus/DeficitB9-156-93-9103578265
Table 8 Local Government: detailed classification of revenue and output
         €million
DescriptionESA2010 code201120122013201420152016
            
Total RevenueTR8,0197,3616,4875,6336,3195,923
 Taxes and social contributions1,6781,8101,7331,7011,5911,428
  TaxesD2 + D5 + D911,3451,4811,4071,4031,3471,170
   Indirect taxes (taxes on production and imports)D21,3421,4781,4071,4031,3471,170
   Other taxes on production D291,3421,4781,4071,4031,3471,170
   Capital taxesD91330000
  Social contributions D61333329326298244259
   Actual social contributionsD611 + D613200190187130126131
   Employers' imputed social contributionsD612133139139168118127
 Sales of goods and servicesP1O1,5901,5781,5511,3761,4471,538
  Sales of market establishments (= market output)P119059569911,0391,1171,208
  Imputed sales related to production of own-use capital assets (= output for own final use)P12000000
Incidental sales and fees of non-market establishmentsP131685622560337330330
Investment incomeD41199749404040
Interest (excluding FISIM)D411199749404040
in which received from Central GovernmentD41_CG000000
DividendsD42000000
Current transfer revenueD39 + D72,5362,3021,8271,6431,6891,739
SubsidiesD39000000
Other current transfersD72,5362,3021,8271,6431,6891,739
Grants from central governmentD732,4902,2571,7981,6001,6491,699
Other Domestic - Current D7N_S1464529434040
Capital transfer revenueD9N2,0961,5731,3288731,5521,177
  Grants from central governmentD9N_CG1,8511,3571,1326411,300881
  Other capital transfers receivableD99246216196232252296
            
Output P16,2876,1895,6345,3515,4195,576
Market output (sales of market establishments)P119059569911,0391,1171,208
Output for own final useP12000000
Non-market outputP135,3825,2334,6444,3124,3024,368
= Non-market compensation of employeesD1_nonmarket2,1852,1472,0271,5541,4921,528
= Total compensation of employeesD12,1852,1472,0271,5541,4921,527
- Compensation of employees of market establishmentsD1_market000001
- Compensation related to production of own-use capital assetsD1_own-use000000
+ Non-market intermediate consumptionP2_nonmarket1,7981,6671,1811,4801,4781,440
= Total intermediate consumptionP22,0251,8791,4001,7001,7041,666
- Intermediate consumption of market establishmentsP2_market-227-212-219-219-225-225
- Intermediate consumption related to production of own-use capital assetsP2_own-use000000
+ Non-market consumption of fixed capitalP51c_nonmarket1,3991,4201,4361,2781,3331,400
= Total consumption of fixed capitalP51c1,7831,8091,8341,6941,7561,834
- Consumption of fixed capital by market establishmentsP51c_market-384-390-397-416-424-434
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use000000
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 9 Local Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201120122013201420152016
            
Total ExpenditureTE8,1757,4536,4965,5305,7425,657
        
Expense7,8437,8267,1346,5556,6116,734
Compensation of employeesD12,1852,1472,0271,5541,4921,527
Of which: Related to production of own-use capital assets000000
Use of goods and services plus taxes payableP2 + D5 + D292,0251,8791,4001,7001,7041,666
Use of goods and services [Intermediate consumption]P22,0251,8791,4001,7001,7041,666
Of which: Intermediate consumption of market establishments 227212219219225225
Taxes, payableD5 + D29000000
Depreciation (Consumption of fixed capital)P51c1,7831,8091,8341,6941,7561,834
Of which: Depreciation by market establishments 384390397416424434
Interest (excluding FISIM)D41141120122856565
Interest payable to central governmentD41_CG1189799715050
Other domestic interest payableD41_S1222222131515
SubsidiesD3000000
Social benefitsD62 + D6321,4731,5501,4691,2421,3271,375
Social benefits in cashD62770779656366365312
Social benefits in kind (via market producers)D6327047718148769621,062
Other current transfersD7484848505050
Grants to central governmentD73_CG333333
Miscellaneous current transfersD75464545474747
Capital transfersD9188273235231217217
Investment grantsD92188273235231217217
        
Net acquisition of non-financial assetsP5 + NP - P51c333-372-638-1,025-869-1,076
= Gross investment in non-financial assetsP5 + NP2,1161,4371,195669887758
Gross fixed capital formationP512,1161,4371,195669828758
Net acquisition of stocksP52000000
Net acquisition of unproduced assetsNP0000600
- Consumption of fixed capitalP51c-1,783-1,809-1,834-1,694-1,756-1,834
            
Net expenditure on current goods and servicesP3 excl. D6324,6974,6114,0843,9753,9724,038
= OutputP16,2876,1895,6345,3515,4195,576
- Sales of goods and services P11+P12+P131-1,590-1,578-1,551-1,376-1,447-1,538
Market output (sales of market establishments)P11-905-956-991-1,039-1,117-1,208
Output for own final useP12000000
Incidental sales and fees of non-market establishmentsP131-685-622-560-337-330-330
            
Final consumption expenditureP35,4015,3824,8984,8524,9345,101
= Net expenditure on current goods and servicesP3 excl. D6324,6974,6114,0843,9753,9724,038
+ Social transfers in kind via market producers D6327047718148769621,062
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)2,3512,3672,3652,3362,3782,458
Social transfers in kind (via market producers)D6327047718148769621,062
Social transfers in kind (provided directly by government)D6311,6471,5951,5511,4601,4161,396
Collective consumption (= actual final consumption of government)P323,0503,0162,5322,5152,5562,643
            
Total social transfersD62 + D633,1213,1463,0212,7022,7432,771
Social benefits in cashD62 770779656366365312
 Social transfers in kind (= individual consumption)D632,3512,3672,3652,3362,3782,458

Background Notes

Introduction

This release comprises the latest official publication by CSO of annual Government Income and Expenditure (GIE) results for years 2011 to 2016.  The results for 2016 are still provisional estimates and replace the data published as part of the Excessive Deficit Procedure notification on 24 April 2017. The data published in this series are fully consistent with the National Income and Expenditure 2016.

The tables provide detailed revenue and expenditure data for general government and its two subsectors, namely central and local government.  A full time series of these data back to 2000 are available on Statbank. Data back to 1995 for all EU Member States are available on Eurostat’s data base, located at the following link:

http://ec.europa.eu/eurostat/web/government-finance-statistics/data/main-tables

Note: These tables have replaced what were tables 19, 20 and 21 of the annual National Income and Expenditure(NIE)  publication since NIE 2015.

The full suite of government finance statistics tables are also available on the CSO’s website by following the link:

http://www.cso.ie/en/statistics/nationalaccounts/governmentfinancestatistics/

Changed treatment of sale of mobile telephony (UMTS) licences

On 27 March 2017 Eurostat published a Guidance Note on the treatment of mobile phone licences, exploration rights and other licences on the recording of revenues arising from the sale of licences by government see - http://ec.europa.eu/eurostat/documents/1015035/7959867/Mobile-phone-licences-exploration-rights-and-other-licences.pdf.

This clarifies the rules for whether sales of licences by government for use of natural resources (e.g. use of the electromagnetic spectrum for mobile phone transmissions) should be treated as the direct sale of an asset, resulting in a once-off revenue or as the rent of an asset over a prolonged period resulting in a series of revenue over the period of the licence.

The CSO have amended the treatment of past sales of mobile phone licences to bring these in line with the March 2017 guidance note on the treatment of the sales of UMTS licences in 2002, 2007 and 2013.  The transactions in question are no longer treated as disposals of non-produced assets but as payments for rent of natural resources by the relevant operators over the period of the licence.  Under this treatment the deficit benefit accruing from the transaction is spread over the period of the licence rather than entering the accounts in the year of the transaction.  Up front lump sum payments are treated as a prepayment, and enter the balance sheet of government as a liability under “accounts payable” and are unwound over the period of the licence.

The changes in key revenue and expenditure aggregates following this revised treatment are as follows:

  • Reversal of negative capital expenditure (NP) in 2002, 2007 and 2013 (increases expenditure in relevant years).
  • Imputation of rent revenues (D.45r) over the period of each licence (increases revenue in each year).
  • Reduction in interest receivable (D.41r) associated with imputed loan asset on UMTS sales over the period of the licences (reduction of revenue over the years 2002-2016).
  • Additions to interest payable (D.41p) due to imputation of interest over the period of the licences (increased expenditure over the period of the licences).
  • Removal of a loan asset from the financial accounts and acquisition of an accounts payable liability.

Treatment of pre-paid margin on borrowing from the European Financial Stability Facility (EFSF)

The general government debt (GG Debt) of Ireland includes borrowings from the European Financial Stability Facility (EFSF). The terms of the agreement establishing the EFSF were that it was a facility to make loans to euro area Member States and to finance such loans by issuing or entering into funding instruments backed by guarantees.  The financing was made available in the context of the financial crisis as a facility for Member States “in difficulties caused by exceptional circumstances beyond such Member States' control”.

The first of these loans to Ireland was drawn down in February 2011 and had an original maturity date of 18 July 2016.  In accordance with the arrangements for EFSF borrowing at that time, a pre-paid margin of €530 million was deducted from the loan amount on disbursement and held as a cash reserve, essentially as a form of security.

The total amount shown on the GG Debt for Ireland in relation to this loan was €4,194 million. This sum includes the full pre-paid margin of €530 million. There was also a counterbalancing asset in the amount of the margin shown in the accounts.

Following a decision of the relevant Heads of State and Government on 21 July 2011 the margin was no longer applicable to new loans, and the reimbursement of the prepaid margin plus interest earned over the period fell due to Ireland and the member state guarantors (€485 million and €45 million respectively) in proportion to the duration of the loan before and after 21 July 2011.  For Ireland, therefore, this reimbursement fell due on 18 July 2016*.  On this date a payment of €554.9 million was received.  This payment comprises the portion of the pre-paid margin due to the Exchequer (covering the period from 21 July 2011 onwards) plus interest income.

Following clarification from Eurostat the original margin of €530 million has been recorded as interest expenditure over the period of the loan (2011-2016) and the rebate of €554.9 million has been treated as one-off capital transfer revenue in 2016.  This treatment is specific to this particular loan and applies to all Member States involved in this type of borrowing from the EFSF. It does not apply to other loans drawn down from the EFSF or other programme funding accessed by Ireland during the financial crisis.  This treatment was applied in the April version of these figures and is unchanged in the current release.

*In 2013 the original loan was extended and split into two separate loans, with maturity dates in 2032 and 2033. However, the agreement to reimburse the prepaid margin on the maturity date of the original loan held under the new arrangements.

GDP figures used in publication

The GDP figures used in the current publication are consistent with those published in the National Income and Expenditure 2016 and the latest Quarterly National Accounts publication both published on 14 July 2017.

Revisions to General Government Deficit/Surplus (GG Deficit/Surplus)

Estimates of the general government deficit for years 2002 to 2016 have been revised since April 2017. The changes reflect the changes due to the revised methodology following the updated Eurostat guidance on the sale of licences along with changes in the estimation of financial intermediation services indirectly measured (FISIM).  Changes to recent years also reflect the availability of more up-to-date and detailed data sources.

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 (ESA2010).  The Manual on Government Debt and Deficit (MGDD) provides further guidance on the implementation of ESA 2010 in the context of GFS. 

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 and expenditure are also provided to Eurostat under the ESA transmission programme.  For annual data the main tables reported are:

Table 0200   Revenue and expenditure of general government and sub-sectors

Tables 0900 and 0999     Taxes and national tax list

These data are available on the Eurostat website.

http://ec.europa.eu/eurostat/web/government-finance-statistics/data/main-tables

Definition of General Government and its subsectors

The general government sector of the economy, is defined in ESA2010 paragraph 2.111: as “institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and 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 – which does not apply in Ireland), local government (S.1313), and social security funds (S.1314 – which does not apply in Ireland),

General Government Deficit/Surplus (GG Deficit/Surplus) is the standard European measure of the fiscal balance, which is used to monitor compliance with the Stability and Growth Pact.

This measure is by definition equal to both Total Revenue (TR) less Total Expenditure (TE), and Net Acquisition of Financial Assets less Net Incurrence of Liabilities as shown in the GFS release.

A listing of some of the main items included in this release is shown below

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.51g   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.51c   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.

P.52     Changes in inventories

P.53     Acquisitions less disposals of valuables

D.1      Compensation of employees – the total remuneration of government employees

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 accrues when the owners of financial assets and natural resources put them at the disposal of other units of the economy. The income payable for the use of financial assets is called investment income, while that payable for the use of a natural resource is called rent. Property income is the sum of investment income and rent.

           D.41    Interest receivable by the owners of a financial asset for putting it at the disposal of another institutional unit - applies to deposits (AF.2), debt securities (AF.3), loans (AF.4) and other accounts payable (AF.8)

           D.42    Dividends receivable by the owners of share equities. Dividends exclude "super dividends" which arise where the dividend paid is large relative to the recent level of dividends and earnings. Super dividends are recorded as withdrawal of equity (F.5). This arises, for example, in the case of dividends paid by the Central Bank in 2015.

           D.45    Rent of a natural resource – income receivable by the owner of a natural resource for putting the resource at the disposal of another party.

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.

D.7      Other current transfers – includes VAT and GNI based EU budget contributions, current transfers between subsectors of government, current international co-operation and current transfers to households and non-profit institutions.

D.9      Capital transfers - involve the acquisition or disposal of an asset, or assets, by at least one of the parties to the transaction.  Includes capital taxes and investment grants.

 

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