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Government Finance Statistics Quarter 3 2022

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 20 January 2023, 11am

COVID-19 Release Information

The results contained in this release reflect some of the economic impacts of the COVID-19 situation. For further information see Background Notes.

Revenue

Total revenue of general government increased to €28.5 billion in Q3 2022, €4.6 billion (19.3%) higher than the €23.9 billion received in Q3 2021. Taxes and social contributions make up 94% of general government revenue which amounted to €26.7 billion in this quarter, an increase of €4.7 billion on Q3 2021. Taxes on income, profits and capital gains increased by €3.5 billion (mainly due to increased receipts from corporation tax); and social contributions, mainly PRSI receipts, increased by €0.5 billion.

	Indirect taxes	Direct taxes	Capital taxes	Social contributions	Investment income	Sales of goods and services	Current transfers	Capital transfers
Q1 2020	5.712	6.882	0.053	3.963	0.038	1.013	0.15	0.099
Q2 2020	4.624	10.102	0.053	3.444	0.861	0.863	0.178	0.111
Q3 2020	7.212	7.075	0.096	3.661	0.146	1.002	0.194	0.113
Q4 2020	6.175	13.233	0.303	4.361	0.065	1.014	0.177	0.213
Q1 2021	7.099	7.003	0.061	3.814	0.041	0.898	0.19	0.129
Q2 2021	6.039	11.868	0.068	4.124	0.287	0.925	0.22	0.121
Q3 2021	8.545	9.159	0.1	4.254	0.098	1.032	0.409	0.291
Q4 2021	7.658	17.652	0.352	4.8	0.052	1.066	0.203	0.173
Q1 2022	8.557	9.6	0.063	4.606	0.018	0.996	0.23	0.122
Q2 2022	6.034	14.5	0.069	4.71	0.18	1.042	0.26	0.145
Q3 2022	9.2	12.7	0.075	4.8	0.3	1	0.3	0.2

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	2019 Q1	2019 Q2	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3
Total Revenue					TR	18,908	21,697	20,562	27,037	17,911	20,238	19,500	25,541	19,236	23,654	23,888	31,957	24,171	27,334	28,490
	Taxes and social contributions					17,585	19,025	18,890	25,107	16,610	18,224	18,044	24,073	17,977	22,100	22,058	30,463	22,798	25,681	26,740
		Taxes			D2 + D5 + D91	13,590	15,136	15,063	20,792	12,647	14,780	14,383	19,711	14,163	17,976	17,804	25,663	18,192	20,929	21,977
			Indirect taxes (taxes on production and imports)		D2	7,305	5,727	7,783	6,696	5,712	4,624	7,212	6,175	7,099	6,039	8,545	7,658	8,557	6,350	9,201
				Taxes on products	D21	6,349	4,900	6,921	5,733	4,819	4,058	6,581	5,403	6,204	5,235	7,748	6,601	7,599	5,479	8,348
				of which Value-Added Tax	D211	4,413	2,594	4,940	3,323	2,939	2,174	4,609	3,031	4,355	2,895	5,563	3,791	5,625	3,278	6,181
				Other taxes on production	D29	956	826	861	964	893	566	631	772	894	804	797	1,057	958	872	853
			Direct taxes		D5	6,238	9,357	7,199	13,745	6,882	10,102	7,075	13,233	7,003	11,868	9,159	17,652	9,572	14,510	12,687
				Taxes on income, profits and capital gains	D51	5,961	9,111	6,959	13,528	6,626	9,866	6,828	13,013	6,740	11,633	8,923	17,440	9,314	14,275	12,452
				Other current direct taxes	D59	277	246	240	217	256	236	247	220	263	235	235	212	257	235	235
			Capital taxes		D91	47	52	81	350	53	53	96	303	61	68	100	352	63	69	89
		Social contributions			D61	3,995	3,889	3,827	4,315	3,963	3,444	3,661	4,361	3,814	4,124	4,254	4,800	4,606	4,752	4,763
			Actual social contributions		D611 + D613	3,250	3,172	3,090	3,598	3,164	2,661	2,861	3,599	2,942	3,288	3,428	3,959	3,728	3,885	3,892
				PRSI receipts	D611 + D613(pt)	2,901	2,803	2,743	3,224	2,799	2,292	2,505	3,201	2,572	2,886	3,020	3,559	3,316	3,472	3,488
				Government employees' pension contributions	D613(pt)	349	369	346	374	365	370	356	398	370	402	408	400	412	413	405
			Employers' imputed social contributions		D612	745	717	737	718	799	783	800	762	871	836	825	841	878	866	871
	Sales of goods and services				P1O	1,051	1,212	1,219	1,428	1,013	863	1,002	1,014	898	925	1,032	1,066	1,004	1,068	1,053
		Sales of market establishments (= market output)			P11	0	0	0	0	0	0	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	6	6	6	6	6	6
		Incidental sales and fees of non-market establishments			P131	1,045	1,206	1,214	1,422	1,007	858	996	1,008	893	920	1,026	1,061	999	1,062	1,047
	Investment income				D4	51	1,227	111	190	38	861	146	65	41	287	98	52	18	180	253
		Interest (excluding FISIM)			D41	27	32	26	26	10	15	1	18	13	-5	22	0	-4	9	51
		Dividends / Other investment income			D42 + D44	7	1,176	67	146	11	829	128	30	11	275	58	35	5	154	184
		Rent of land and subsoil assets			D45	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18
	Current transfer revenue				D39 + D7	111	121	219	197	150	178	194	177	190	220	409	203	230	260	294
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	111	121	219	197	150	178	194	177	190	220	409	203	230	260	294
			Non-life insurance claims		D72	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
			Other Domestic - Current		D7N_S1	104	113	147	105	143	152	186	145	183	192	226	186	223	232	266
			From Rest of World - Current		D7N_S2	3	4	68	88	3	22	3	28	3	24	179	13	3	25	24
	Capital transfer revenue				D9N	109	113	124	116	99	111	113	213	129	121	291	173	122	145	151

Output					P1	9,799	10,219	10,437	10,636	10,342	11,167	11,377	11,906	11,423	11,782	12,310	12,508	12,415	12,679	12,588
	Market output (sales of market establishments)				P11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
	Output for own final use				P12	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
	Non-market output				P13	9,793	10,214	10,432	10,631	10,337	11,161	11,371	11,901	11,418	11,776	12,304	12,502	12,409	12,674	12,582
		= Non-market compensation of employees			D1_nonmarket	5,786	5,989	5,811	6,088	6,072	6,162	6,024	6,549	6,232	6,687	6,844	6,765	6,882	6,987	6,917
			= Total compensation of employees		D1	5,791	5,995	5,817	6,094	6,078	6,168	6,029	6,555	6,237	6,693	6,850	6,771	6,888	6,993	6,922
			- Compensation of employees of market establishments		D1_market	0	0	0	0	0	0	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	-6	-6	-6	-6	-6	-6
		+ Non-market intermediate consumption			P2_nonmarket	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,767	3,670	4,041	4,317	4,108	4,267	4,247
			= Total intermediate consumption		P2	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,767	3,670	4,041	4,317	4,108	4,267	4,247
			- Intermediate consumption of market establishments		P2_market	0	0	0	0	0	0	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	0	0	0	0	0	0
		+ Non-market consumption of fixed capital			P51c_nonmarket	1,189	1,189	1,189	1,189	1,264	1,264	1,264	1,264	1,419	1,419	1,419	1,419	1,419	1,419	1,419
			= Total consumption of fixed capital		P51c	1,189	1,189	1,189	1,189	1,264	1,264	1,264	1,264	1,419	1,419	1,419	1,419	1,419	1,419	1,419
			- Consumption of fixed capital by market establishments		P51c_market	0	0	0	0	0	0	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	0	0	0	0	0	0
		+ Other taxes on production, payable			D29_pay	0	0	0	0	0	0	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	0	0	0	0	0	0

Open in Excel: Government Finance Statistics Quarter 3 2022 Table 2.1 (XLS 16KB)

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Expenditure

On the expenditure side of the account, at €25.8 billion, Q3 2022 was €0.8 billion lower than the level of expenditure in Q3 2021 which was €25.6 billion. There was a large reduction in expenditure on subsidies, which decreased by €1.3 billion, mainly due to the closure of the Employment Wage Subsidy Scheme. Subsidies are now in line with pre-pandemic levels.

Compensation of employees at just over €6.9 billion in Q3 2022 was marginally higher than in Q3 2021 when it was just under €6.9 billion. Intermediate consumption showed an increase of €0.2 billion, while gross fixed capital formation showed an increase of €0.2 billion. Current transfer payments showed an increase of €0.1 billion and capital transfers a decrease of €0.1 billion.

Direct spending on COVID-19 measures amounted to approximately €0.5 billion this quarter. The main element of this expenditure was COVID-19 related health expenditure of €0.4 billion.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2020	6.078	3.001	1.037	7.642	0.551	2.069	0.976	0.353
Q2 2020	6.168	3.735	0.947	10.196	2.272	2.056	1.166	0.392
Q3 2020	6.029	4.084	0.974	9.491	1.814	2.524	0.826	0.324
Q4 2020	6.555	4.088	0.87	10.264	1.784	2.044	1.062	0.583
Q1 2021	6.237	3.767	0.826	9.551	1.762	1.68	1.277	0.41
Q2 2021	6.693	3.67	0.824	9.403	1.798	2.09	1.081	0.401
Q3 2021	6.85	4.041	0.814	9.419	1.875	2.338	0.841	0.379
Q4 2021	6.771	4.317	0.828	9.319	1.89	2.745	1.327	0.591
Q1 2022	6.888	4.1	0.79	7.859	1.186	2.189	1.122	0.326
Q2 2022	6.993	4.335	0.82	8.96	0.658	2.4	1.139	3.062
Q3 2022	6.9	4.2	0.9	9.4	0.5	2.6	1	0.3

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	2019 Q1	2019 Q2	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3
Total Expenditure					TE	20,840	20,804	21,602	23,264	21,706	26,932	26,065	27,250	25,510	25,959	26,557	27,788	24,404	28,277	25,784
	Expense					19,983	20,025	20,941	22,374	20,901	26,139	24,806	26,470	25,248	25,289	25,638	26,462	23,675	27,298	24,637
		Compensation of employees			D1	5,791	5,995	5,817	6,094	6,078	6,168	6,029	6,555	6,237	6,693	6,850	6,771	6,888	6,993	6,922
			Of which: Related to production of own-use capital assets			6	6	6	6	6	6	6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,767	3,670	4,041	4,317	4,108	4,267	4,247
			Use of goods and services [Intermediate consumption]		P2	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,767	3,670	4,041	4,317	4,108	4,267	4,247
				Of which: Intermediate consumption of market establishments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
			Taxes, payable		D5	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		Depreciation (Consumption of fixed capital)			P51c	1,189	1,189	1,189	1,189	1,264	1,264	1,264	1,264	1,419	1,419	1,419	1,419	1,419	1,419	1,419
				Of which: Depreciation by market establishments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		Interest (excluding FISIM)			D41	1,200	1,225	1,117	1,080	1,037	947	974	870	826	824	814	828	790	820	862
			Other domestic interest payable		D41_S1	397	432	359	430	480	421	500	412	151	296	411	400	140	487	464
			Interest payable to rest of world		D41_S2	803	793	757	650	557	527	474	458	675	527	404	428	651	333	398
		Subsidies			D3	413	434	459	601	551	2,272	1,814	1,784	1,762	1,798	1,875	1,890	1,186	658	544
			Product subsidies		D31	259	281	305	317	356	389	380	375	390	411	444	470	324	336	362
			Other subsidies on production		D39	154	153	154	284	195	1,882	1,434	1,410	1,372	1,387	1,431	1,420	862	322	182
		Social benefits			D62 + D632	7,121	7,241	7,850	8,623	7,642	10,196	9,491	10,264	9,551	9,403	9,419	9,319	7,836	8,939	9,360
			Social benefits in cash		D62	5,989	5,767	5,704	6,601	6,422	8,605	7,194	8,093	8,216	7,638	6,860	7,100	6,498	6,799	6,796
			Social benefits in kind (via market producers)		D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,335	1,765	2,559	2,219	1,338	2,140	2,564
		Other current transfers			D7	1,154	568	854	742	976	1,166	826	1,062	1,277	1,081	841	1,327	1,122	1,139	970
			Net non-life insurance premiums		D71	13	13	13	13	13	13	13	13	21	21	21	21	18	18	18
			Current international cooperation		D74	113	112	127	168	86	168	130	115	96	157	93	133	153	177	92
			Miscellaneous current transfers		D75	176	172	170	231	159	410	335	240	228	228	111	226	234	228	140
			VAT and GNI based EU budget contribution		D76	851	271	543	330	718	575	348	694	932	676	616	947	717	718	721
				VAT-based EU own resources	D761	109	54	69	46	91	77	48	59	98	56	59	71	77	77	77
				GNI-based EU own resources	D762	742	217	475	284	626	498	300	635	835	547	490	840	602	603	606
				Miscellaneous EU own resources	D763	0	0	0	0	0	0	0	0	0	73	67	36	37	37	37
		Capital transfers			D9	296	338	224	691	353	392	324	583	410	401	379	591	326	3,062	312
			Investment grants		D92	291	333	219	686	353	374	324	576	409	385	375	589	324	3,062	310
			Other capital transfers		D99	5	5	5	5	0	17	0	7	1	16	4	2	1	0	2
	Net acquisition of non-financial assets				P5 + NP - P51c	858	779	661	890	805	792	1,260	780	261	671	919	1,326	729	979	1,147
		= Gross investment in non-financial assets			P5 + NP	2,047	1,968	1,850	2,080	2,069	2,056	2,524	2,044	1,680	2,090	2,338	2,745	2,148	2,398	2,566
			Gross fixed capital formation		P51	2,032	1,953	1,975	2,065	2,054	2,041	2,509	2,029	1,665	2,075	2,323	2,730	2,133	2,383	2,551
			Net acquisition of stocks		P52	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15
			Net acquisition of unproduced assets		NP	0	0	-140	0	0	0	0	0	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,189	-1,189	-1,189	-1,189	-1,264	-1,264	-1,264	-1,264	-1,419	-1,419	-1,419	-1,419	-1,419	-1,419	-1,419
Net expenditure on current goods and services					P3 excl. D632	8,748	9,007	9,218	9,208	9,330	10,303	10,375	10,893	10,525	10,857	11,278	11,441	11,411	11,611	11,535
	= Output				P1	9,799	10,219	10,437	10,636	10,342	11,167	11,377	11,906	11,423	11,782	12,310	12,508	12,415	12,679	12,588
	- Sales of goods and services				P11+P12+P131	-1,051	-1,212	-1,219	-1,428	-1,013	-863	-1,002	-1,014	-898	-925	-1,032	-1,066	-1,004	-1,068	-1,053
			Market output (sales of market establishments)		P11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
			Output for own final use		P12	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6
			Incidental sales and fees of non-market establishments		P131	-1,045	-1,206	-1,214	-1,422	-1,007	-858	-996	-1,008	-893	-920	-1,026	-1,061	-999	-1,062	-1,047
Final consumption expenditure					P3	9,880	10,482	11,364	11,231	10,549	11,895	12,672	13,064	11,860	12,621	13,837	13,660	12,749	13,751	14,099
	= Net expenditure on current goods and services				P3 excl. D632	8,748	9,007	9,218	9,208	9,330	10,303	10,375	10,893	10,525	10,857	11,278	11,441	11,411	11,611	11,535
	+ Social transfers in kind via market producers				D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,335	1,765	2,559	2,219	1,338	2,140	2,564
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	6,633	7,062	7,649	7,561	6,722	7,797	8,908	8,986	7,521	8,348	9,777	9,345	7,989	9,314	9,919
		Social transfers in kind (via market producers)			D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,335	1,765	2,559	2,219	1,338	2,140	2,564
		Social transfers in kind (provided directly by government)			D631	5,501	5,588	5,503	5,539	5,503	6,205	6,611	6,815	6,187	6,584	7,218	7,126	6,651	7,173	7,355
	Collective consumption (= actual final consumption of government)				P32	3,247	3,420	3,715	3,670	3,827	4,098	3,764	4,078	4,338	4,273	4,060	4,315	4,760	4,438	4,180
Total social transfers					D62 + D63	12,622	12,829	13,353	14,162	13,145	16,401	16,102	17,079	15,737	15,987	16,637	16,444	14,487	16,112	16,715
	Social benefits in cash				D62	5,989	5,767	5,704	6,601	6,422	8,605	7,194	8,093	8,216	7,638	6,860	7,100	6,498	6,799	6,796
	Social transfers in kind (= individual consumption)				D63	6,633	7,062	7,649	7,561	6,722	7,797	8,908	8,986	7,521	8,348	9,777	9,345	7,989	9,314	9,919