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Government Finance Statistics Annual - Provisional Estimates 2018 to 2021 (April 2022 Provisional Results)

General government deficit of 1.9% of GDP in 2021

Online ISSN: 2009-616X
CSO statistical publication, , 11am

Key Findings

  • Provisional data for 2021 shows a general government deficit of €8.1 billion (1.9% of GDP). 

  • In 2021 revenue increased by €14.3 billion (17.3%) while expenditure increased by €3.3 billion (3.2%) resulting in an improvement of €11.0 billion over the 2020 deficit- see Table 1.  

  • Government debt decreases to 56.0% of GDP in 2021.

  • Provisional data indicates that general government gross debt (GG Debt) stood at €235.9 billion at the end of 2021 (56.0% of GDP) compared with the 2020 figure of €217.9 billion (58.4% of GDP).

Headline Table General Government Finances
 BalanceGross DebtNet Debt
Year€bn% GDP€bn% GDP€bn% GDP
Open in Excel: GFSAP2021M04HT (XLS 9KB)
X-axis labelGG gross debt (LHS)GG net debt (LHS)GG balance (RHS)
Show Table: Table 1 General Government transactions: revenue, expenditure and deficit

These annual results are provisional as the data is subject to a clarification process by Eurostat as part of Excessive Deficit Procedure reporting requirements. This process is due to be completed by 18 April 2022.  It is envisaged that the detailed release and tables will be published by the CSO no later than 21 April 2022. The CSO PxStat is not updated with this provisional data. It will be updated when the detailed release and tables are published.

The changes to the previously published tables under the EDP in October 2021 reflect updated data sources.

The main EDP notification tables for Ireland, details of government guarantees, PPPs and concessions and tables showing the impact of government interventions in the financial sector on government accounts will be published on 22 April, the same day as Eurostat's EDP statistics release.

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