You are here: Home / Statistics / Government Finance Statistics Quarter 1 2023 / Non-Financial Accounts

Government Finance Statistics Quarter 1 2023

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 18 July 2023, 11am

Revenue

Taxes and social contributions, which make up 94% of general government revenue, continued to perform strongly in the quarter. With an increase of just under €3 billion these are the driving factor behind the €3.3 billion increase in total revenue compared to Q1 2022. As a result total general government revenue is 13% higher than the same quarter last year.

Looking more closely at the changes in tax receipts we can see that direct taxes (mostly corporation tax and income tax) were €2.1 billion higher; indirect taxes increased by €0.3 billion in Q1 2023.

	Indirect taxes	Direct taxes	Capital taxes	Social contributions	Investment income	Sales of goods and services	Current transfers	Capital transfers
Q1 2021	7.099	7.004	0.061	3.9	0.041	0.922	0.19	0.129
Q2 2021	6.039	11.9	0.068	4.2	0.287	0.957	0.22	0.121
Q3 2021	8.545	9.159	0.1	4.254	0.098	1.065	0.409	0.291
Q4 2021	7.658	17.652	0.352	4.9	0.052	1.117	0.203	0.173
Q1 2022	8.6	9.57	0.063	4.8	0.018	1.03	0.23	0.122
Q2 2022	6.3	14.507	0.069	4.85	0.18	1.094	0.26	0.165
Q3 2022	9.466	12.6	0.089	5	0.253	1.082	0.3	0.153
Q4 2022	7.5	20	0.393	5.4	0.168	1.184	0.318	0.183
Q1 2023	8.9	11.6	0.06	5.37	0.23	1.05	0.28	0.16

Table 2.1 General Government; detailed classification of revenue and output

Table 2.1 General Government: detailed classification of revenue and output
														€million
Description					ESA2010 code	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1
Total Revenue					TR	19,361	23,781	24,015	32,133	24,432	27,547	28,955	35,248	27,684
	Taxes and social contributions					18,067	22,187	22,142	30,577	22,991	25,808	27,134	33,330	25,957
		Taxes			D2 + D5 + D91	14,167	17,979	17,808	25,704	18,223	20,895	22,159	27,887	20,586
			Indirect taxes (taxes on production and imports)		D2	7,102	6,042	8,548	7,699	8,589	6,317	9,456	7,475	8,900
				Taxes on products	D21	6,204	5,235	7,748	6,639	7,581	5,395	8,552	6,343	7,862
				of which Value-Added Tax	D211	4,355	2,895	5,563	3,829	5,601	3,193	6,381	4,087	5,949
				Other taxes on production	D29	897	807	800	1,060	1,009	923	904	1,132	1,039
			Direct taxes		D5	7,004	11,869	9,159	17,653	9,571	14,508	12,614	20,019	11,628
				Taxes on income, profits and capital gains	D51	6,740	11,633	8,923	17,441	9,318	14,278	12,383	19,813	11,360
				Other current direct taxes	D59	263	235	235	212	253	231	231	206	268
			Capital taxes		D91	61	68	100	352	63	69	89	393	57
		Social contributions			D61	3,900	4,208	4,334	4,873	4,767	4,914	4,975	5,443	5,372
			Actual social contributions		D611 + D613	2,942	3,288	3,428	3,959	3,729	3,891	3,950	4,476	4,332
				PRSI receipts	D611 + D613(pt)	2,572	2,886	3,020	3,559	3,316	3,472	3,538	3,987	3,903
				Government employees' pension contributions	D613(pt)	370	402	408	400	413	419	413	489	429
			Employers' imputed social contributions		D612	957	920	906	914	1,039	1,023	1,025	967	1,040
	Sales of goods and services				P1O	926	954	1,063	1,115	1,042	1,107	1,095	1,197	1,056
		Sales of market establishments (= market output)			P11	0	0	0	0	0	0	0	0	0
		Imputed sales related to production of own-use capital assets (= output for own final use)			P12	6	6	6	6	6	6	6	6	6
		Incidental sales and fees of non-market establishments			P131	920	949	1,057	1,109	1,037	1,101	1,089	1,192	1,050
	Investment income				D4	42	288	98	53	18	180	253	214	230
		Interest (excluding FISIM)			D41	13	-5	22	0	-4	9	51	159	205
		Dividends / Other investment income			D42 + D44	11	275	58	35	5	154	184	38	6
		Rent of land and subsoil assets			D45	18	18	18	18	18	18	18	18	18
	Current transfer revenue				D39 + D7	197	228	417	225	239	269	303	321	281
		Subsidies			D39	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	197	228	417	225	239	269	303	321	281
			Non-life insurance claims		D72	7	7	7	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	188	197	231	191	229	238	272	272	265
			From Rest of World - Current		D7N_S2	3	24	179	28	4	25	24	42	9
	Capital transfer revenue				D9N	130	124	295	163	142	182	170	185	160

Output					P1	11,589	12,105	12,390	12,463	12,741	13,093	13,163	14,270	12,994
	Market output (sales of market establishments)				P11	0	0	0	0	0	0	0	0	0
	Output for own final use				P12	6	6	6	6	6	6	6	6	6
	Non-market output				P13	11,584	12,099	12,384	12,457	12,736	13,087	13,158	14,264	12,989
		= Non-market compensation of employees			D1_nonmarket	6,252	6,707	6,864	6,786	6,927	7,083	7,043	7,675	7,178
			= Total compensation of employees		D1	6,258	6,713	6,870	6,791	6,933	7,089	7,048	7,681	7,183
			- Compensation of employees of market establishments		D1_market	0	0	0	0	0	0	0	0	0
			- Compensation related to production of own-use capital assets		D1_own-use	-6	-6	-6	-6	-6	-6	-6	- 6	- 6
		+ Non-market intermediate consumption			P2_nonmarket	3,921	3,981	4,109	4,261	4,172	4,368	4,479	4,953	4,175
			= Total intermediate consumption		P2	3,921	3,981	4,109	4,261	4,172	4,368	4,479	4,953	4,175
			- Intermediate consumption of market establishments		P2_market	0	0	0	0	0	0	0	0	0
			- Intermediate consumption related to production of own-use capital assets		P2_own-use	0	0	0	0	0	0	0	0	0
		+ Non-market consumption of fixed capital			P51c_nonmarket	1,411	1,411	1,411	1,411	1,636	1,636	1,636	1,636	1,636
			= Total consumption of fixed capital		P51c	1,411	1,411	1,411	1,411	1,636	1,636	1,636	1,636	1,636
			- Consumption of fixed capital by market establishments		P51c_market	0	0	0	0	0	0	0	0	0
			- Consumption of fixed capital related to production of own-use capital assets		P51c_own-use	0	0	0	0	0	0	0	0	0
		+ Other taxes on production, payable			D29_pay	0	0	0	0	0	0	0	0	0
		- Other subsidies on production, receivable			D39_rec	0	0	0	0	0	0	0	0	0

Open in Excel: Government Finance Statistics Quarter 1 2023 Table 2.1 (XLS 15KB)

Visit Table GFQ03 on PxStat

Expenditure

Expenditure in Q1 2023, at €25.9 billion, was just over €1 billion more than last year’s €24.8 billion.

A direct comparison of 2023 data with 2022 is difficult as there are COVID-19 support measures in 2022 that have since closed. However, as these have schemes were winding down Government introduced measure to support businesses and households due to the rising cost of.

Compensation of employees at €7.2 billion in Q1 2023 was almost €0.3 billion higher than in Q1 2022 when it was €6.9 billion. Additional expenditure of €0.4 billion on social benefits relates, which includes increased numbers of recipients of the State’s contributory and non-contributory pensions.

Intermediate consumption at €4.2 billion and gross fixed capital formation at €2.0 billion were flat in year on year terms. Other current transfer payments showed an increase of €0.8 billion. This includes the electricity credits paid to households. Capital transfers at €0.5 billion were the same as a year previously. There was a large reduction in expenditure on subsidies, which decreased by €0.6 billion, due to the closure of the Employment Wage Subsidy Scheme which was a feature in Q1 2022. This scheme closed in Q3 2022.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2021	6.258	3.9	0.826	9.4	1.8	1.711	1.405	0.38
Q2 2021	6.713	4	0.824	9.35	1.764	2.055	1.189	0.372
Q3 2021	6.87	4.1	0.814	9.419	1.9	2.313	0.915	0.4
Q4 2021	6.771	4.317	0.828	9.3	1.853	2.689	1.222	0.457
Q1 2022	7.005	4.174	0.754	8.1	1.231	2	1.119	0.466
Q2 2022	7.11	4.4	0.784	8.9	0.706	2.4	1.471	0.5
Q3 2022	7.06	4.5	0.8	9.7	0.59	2.8	1.062	0.452
Q4 2022	7.684	5.003	1	10.4	0.7	3.2	1.511	0.6
Q1 2023	7.2	4.17	0.912	8.5	0.584	2.041	1.924	0.535

Table 2.2 General Government; detailed classification of expenditure and consumption

Table 2.2 General Government: detailed classification of expenditure and consumption
														€million
Description					ESA2010 code	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1
Total Expenditure					TE	25,657	26,316	26,647	27,502	24,802	26,197	27,041	30,045	25,852
	Expense					25,354	25,668	25,740	26,218	24,422	25,400	25,874	28,469	25,446
		Compensation of employees			D1	6,258	6,713	6,870	6,791	6,933	7,089	7,048	7,681	7,183
			Of which: Related to production of own-use capital assets			6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	3,921	3,981	4,109	4,261	4,172	4,368	4,479	4,953	4,175
			Use of goods and services [Intermediate consumption]		P2	3,921	3,981	4,109	4,261	4,172	4,368	4,479	4,953	4,175
				Of which: Intermediate consumption of market establishments		0	0	0	0	0	0	0	0	0
			Taxes, payable		D5	0	0	0	0	0	0	0	0	0
		Depreciation (Consumption of fixed capital)			P51c	1,411	1,411	1,411	1,411	1,636	1,636	1,636	1,636	1,636
				Of which: Depreciation by market establishments		0	0	0	0	0	0	0	0	0
		Interest (excluding FISIM)			D41	826	824	814	828	754	784	825	956	908
			Other domestic interest payable		D41_S1	151	296	411	400	103	450	427	549	253
			Interest payable to rest of world		D41_S2	675	527	404	428	651	333	398	407	655
		Subsidies			D3	1,755	1,790	1,865	1,889	1,222	702	596	730	584
			Product subsidies		D31	372	391	423	448	406	425	459	472	395
			Other subsidies on production		D39	1,383	1,398	1,442	1,440	817	277	137	258	189
		Social benefits			D62 + D632	9,364	9,355	9,376	9,324	8,070	8,873	9,727	10,441	8,501
			Social benefits in cash		D62	8,041	7,614	6,836	6,925	6,651	6,952	6,949	7,766	6,968
			Social benefits in kind (via market producers)		D632	1,323	1,741	2,540	2,399	1,419	1,921	2,779	2,675	1,534
		Other current transfers			D7	1,395	1,179	905	1,212	1,119	1,471	1,062	1,511	1,924
			Net non-life insurance premiums		D71	20	20	20	20	21	21	21	21	21
			Current international cooperation		D74	96	157	93	133	153	177	92	154	99
			Miscellaneous current transfers		D75	347	326	207	113	187	515	187	540	895
			VAT and GNI based EU budget contribution		D76	932	676	586	947	758	759	762	796	909
				VAT-based EU own resources	D761	98	56	59	71	77	77	77	91	86
				GNI-based EU own resources	D762	835	547	490	840	644	644	647	621	771
				Miscellaneous EU own resources	D763	0	73	36	36	37	37	37	85	51
		Capital transfers			D9	424	416	389	501	514	477	500	561	535
			Investment grants		D92	422	397	382	498	514	477	500	560	535
			Other capital transfers		D99	2	19	7	3	0	0	0	1	0
	Net acquisition of non-financial assets				P5 + NP - P51c	303	648	907	1,284	381	798	1,167	1,575	405
		= Gross investment in non-financial assets			P5 + NP	1,715	2,059	2,318	2,695	2,017	2,434	2,803	3,212	2,041
			Gross fixed capital formation		P51	1,700	2,044	2,303	2,680	2,002	2,419	2,788	3,197	2,026
			Net acquisition of stocks		P52	15	15	15	15	15	15	15	15	15
			Net acquisition of unproduced assets		NP	0	0	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,411	-1,411	-1,411	-1,411	-1,636	-1,636	-1,636	- 1,636	- 1,636
Net expenditure on current goods and services					P3 excl. D632	10,663	11,151	11,327	11,348	11,699	11,986	12,068	13,073	11,938
	= Output				P1	11,589	12,105	12,390	12,463	12,741	13,093	13,163	14,270	12,994
	- Sales of goods and services				P11+P12+P131	-926	-954	-1,063	-1,115	-1,042	-1,107	-1,095	- 1,197	- 1,056
			Market output (sales of market establishments)		P11	0	0	0	0	0	0	0	0	0
			Output for own final use		P12	-6	-6	-6	-6	-6	-6	-6	- 6	- 6
			Incidental sales and fees of non-market establishments		P131	-920	-949	-1,057	-1,109	-1,037	-1,101	-1,089	- 1,192	- 1,050
Final consumption expenditure					P3	11,986	12,892	13,868	13,747	13,118	13,907	14,847	15,748	13,472
	= Net expenditure on current goods and services				P3 excl. D632	10,663	11,151	11,327	11,348	11,699	11,986	12,068	13,073	11,938
	+ Social transfers in kind via market producers				D632	1,323	1,741	2,540	2,399	1,419	1,921	2,779	2,675	1,534
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	7,528	8,415	9,719	9,516	8,210	9,121	10,465	10,828	8,508
		Social transfers in kind (via market producers)			D632	1,323	1,741	2,540	2,399	1,419	1,921	2,779	2,675	1,534
		Social transfers in kind (provided directly by government)			D631	6,205	6,674	7,179	7,117	6,791	7,200	7,686	8,152	6,974
	Collective consumption (= actual final consumption of government)				P32	4,458	4,477	4,148	4,231	4,908	4,787	4,382	4,920	4,964
Total social transfers					D62 + D63	15,569	16,028	16,555	16,441	14,861	16,072	17,414	18,594	15,476
	Social benefits in cash				D62	8,041	7,614	6,836	6,925	6,651	6,952	6,949	7,766	6,968
	Social transfers in kind (= individual consumption)				D63	7,528	8,415	9,719	9,516	8,210	9,121	10,465	10,828	8,508