Provisional data for 2022 shows a general government surplus of €8.0 billion which is 1.6% of Gross Domestic Product (GDP).
In 2022 revenue increased by €16.6 billion (16.8%) while expenditure rose by €1.8 billion (1.7%) resulting in an improvement of €14.8 billion over the 2021 deficit (See Table 1).
The general government debt ratio decreased to 44.7% of GDP at end of 2022.
Gross debt fell by €11.3 billion during 2022 with an end year position of €224.8 billion. This compared with the 2021 figure of €236.1 billion (55.4% of GDP).
|Table 1.1 General Government Finances Main Aggregates|
|Balance||Gross Debt||Net Debt|
|Year||€bn||% GDP||€bn||% GDP||€bn||% GDP|
|X-axis label||GG gross debt (LHS)||GG net debt (LHS)||GG balance (RHS)|
|Table 1.2 General Government transactions: revenue, expenditure and deficit|
|General Government transactions|
|Taxes & social contributions||D2 + D5 + D91 + D61||80,608||76,952||92,611||108,750|
|Taxes||D2 + D5 + D91||64,582||61,523||75,620||88,913|
|Sales of goods & services||P1O||4,969||3,965||4,061||4,391|
|Current transfer revenue (excluding taxes)||D7||654||714||1,042||1,119|
|Capital transfer revenue (excluding taxes)||D9N||461||537||721||626|
|Compensation of employees||D1||23,776||24,910||26,631||28,859|
|Use of goods and services plus taxes payable||P2 + D5 + D29||12,658||14,925||16,271||17,843|
|Depreciation (Consumption of fixed capital)||P51c||4,757||5,055||5,676||5,676|
|Interest (excluding FISIM)||D41||4,621||3,828||3,292||3,276|
|Social benefits||D62 + D632||30,835||37,219||37,285||37,133|
|Other current transfers||D7||3,275||4,475||4,731||5,163|
|Net operating balance||NOB||4,927||-15,033||-3,713||12,398|
|Net acquisition of non-financial assets||P5 + NP - P51c||3,257||3,643||3,093||4,366|
|General Government Surplus/Deficit||B9||1,670||-18,676||-6,806||8,032|
|General Government Surplus/Deficit (% of GDP)||0.5||-5.0||-1.6||1.6|
|GDP at current market prices||356,705||372,836||426,283||502,584|
Today's results are provisional. The detailed release and tables will be published on 21 April 2023. PxStat is not updated with this provisional data. It will be updated when the detailed release and tables are published.
Today's release also includes recently updated data sources for 2019 - 2022. During the clarification process Eurostat advised that the recording the Defective Concrete Blocks Grant Scheme should be revised from upfront expenditure in 2022 and instead accrued at the time of approvals. This approach is consistent with other Member States. Macro-economic data will be fully aligned when the annual national accounts are published.
The main Excessive Deficit Procedure (EDP) notification tables for Ireland - details of government guarantees, Public Private Partnerships (PPPs) and concessions and tables showing the impact of government interventions in the financial sector - will be published on 21 April 2023, 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.