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Government Finance Statistics Quarter 3 2024

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 21 January 2025, 11am

Revenue

Total government revenue this quarter was €17.6 billion higher than Q3 2023. This rise is primarily due to capital transfers with an increase of €14.1 billion, the majority of which is resulting from the CJEU ruling on the State Aid case.

Elsewhere, direct taxes (corporation and income tax) increased by over €2.2 billion; both social contributions and indirect taxes (including VAT) were each around €0.6 billion higher than Q3 2023.

	Indirect taxes	Direct taxes	Capital taxes	Social contributions	Investment income	Sales of goods and services	Current transfers	Capital transfers
Q1 2022	8.5	9.6	0.1	4.8	0.0	1.1	0.2	0.1
Q2 2022	6.4	14.5	0.1	4.9	0.2	1.1	0.3	0.2
Q3 2022	9.4	12.6	0.1	4.9	0.3	1.1	0.3	0.2
Q4 2022	7.3	20.0	0.4	5.4	0.2	1.2	0.3	0.2
Q1 2023	8.9	11.5	0.1	5.2	0.3	1.2	0.3	0.2
Q2 2023	6.8	15.4	0.1	5.2	0.4	1.2	0.3	0.2
Q3 2023	9.7	11.7	0.1	5.2	0.5	1.2	0.3	0.2
Q4 2023	8.0	20.9	0.4	5.6	0.7	1.2	0.3	0.2
Q1 2024	10.0	11.4	0.1	5.6	0.4	1.1	0.3	0.2
Q2 2024	7.2	18.4	0.1	5.6	0.7	1.1	0.2	0.2
Q3 2024	10.3	13.9	0.1	5.7	0.6	1.1	0.3	14.3

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	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Total Revenue					TR	24,338	27,674	28,811	35,058	27,598	29,670	28,824	37,361	28,991	33,553	46,416
	Taxes and social contributions					22,885	25,892	26,972	33,110	25,731	27,572	26,636	34,908	27,034	31,330	30,088
		Taxes			D2 + D5 + D91	18,117	20,987	22,032	27,702	20,488	22,324	21,475	29,280	21,442	25,728	24,345
			Indirect taxes (taxes on production and imports)		D2	8,481	6,421	9,374	7,335	8,892	6,818	9,687	7,992	9,979	7,243	10,326
				Taxes on products	D21	7,591	5,378	8,490	6,319	7,800	5,602	8,594	7,098	8,577	5,976	9,258
				of which Value-Added Tax	D211	5,601	3,183	6,344	4,049	5,930	3,446	6,569	4,406	6,487	3,645	7,002
				Other taxes on production	D29	889	1,043	884	1,016	1,092	1,216	1,094	894	1,402	1,267	1,067
			Direct taxes		D5	9,574	14,497	12,568	19,974	11,538	15,446	11,678	20,880	11,398	18,404	13,910
				Taxes on income, profits and capital gains	D51	9,318	14,264	12,335	19,765	11,273	15,207	11,449	20,673	11,136	18,154	13,673
				Other current direct taxes	D59	256	233	234	208	265	238	230	207	262	250	237
			Capital taxes		D91	63	69	89	393	57	60	109	408	65	81	110
		Social contributions			D61	4,767	4,905	4,941	5,408	5,243	5,248	5,161	5,628	5,591	5,602	5,743
			Actual social contributions		D611 + D613	3,729	3,882	3,916	4,441	4,267	4,289	4,176	4,641	4,614	4,660	4,790
				PRSI receipts	D611 + D613(pt)	3,316	3,463	3,503	3,951	3,803	3,812	3,706	4,155	4,112	4,130	4,272
				Government employees' pension contributions	D613(pt)	413	419	413	489	465	477	470	485	502	530	518
			Employers' imputed social contributions		D612	1,039	1,023	1,025	967	976	959	986	987	977	942	953
	Sales of goods and services				P1O	1,053	1,117	1,105	1,208	1,151	1,166	1,151	1,237	1,104	1,140	1,111
		Sales of market establishments (= market output)			P11	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
		Incidental sales and fees of non-market establishments			P131	1,047	1,112	1,100	1,202	1,145	1,160	1,146	1,232	1,099	1,135	1,105
	Investment income				D4	19	182	259	210	253	397	495	692	388	656	623
		Interest (excluding FISIM)			D41	-3	11	53	155	233	254	316	338	353	301	338
		Dividends / Other investment income			D42 + D44	5	154	188	38	3	126	162	336	18	337	268
		Rent of land and subsoil assets			D45	18	18	18	18	18	18	18	18	18	18	18
	Current transfer revenue				D39 + D7	240	289	304	316	289	304	325	320	294	249	253
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	240	289	304	316	289	304	325	320	294	249	253
			Non-life insurance claims		D72	7	7	7	7	7	7	7	7	7	7	7
			Other Domestic - Current		D7N_S1	229	238	272	272	265	255	262	265	269	242	245
			From Rest of World - Current		D7N_S2	4	45	25	36	16	42	56	48	18	0	1
	Capital transfer revenue				D9N	141	193	171	214	175	231	216	204	171	178	14,341

Output					P1	12,617	12,971	13,065	14,145	13,830	14,295	14,280	15,521	14,537	15,243	15,053
	Market output (sales of market establishments)				P11	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
	Non-market output				P13	12,611	12,965	13,060	14,140	13,824	14,289	14,275	15,515	14,531	15,237	15,047
		= Non-market compensation of employees			D1_nonmarket	6,938	7,094	7,074	7,705	7,682	7,806	7,848	8,052	8,269	8,566	8,556
			= Total compensation of employees		D1	6,943	7,100	7,079	7,711	7,688	7,811	7,854	8,057	8,274	8,572	8,562
			- Compensation of employees of market establishments		D1_market	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
		+ Non-market intermediate consumption			P2_nonmarket	4,007	4,205	4,319	4,768	4,324	4,665	4,608	5,646	4,444	4,852	4,672
			= Total intermediate consumption		P2	4,007	4,205	4,319	4,768	4,324	4,665	4,608	5,646	4,444	4,852	4,672
			- Intermediate consumption of market establishments		P2_market	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
		+ Non-market consumption of fixed capital			P51c_nonmarket	1,666	1,666	1,666	1,666	1,818	1,818	1,818	1,818	1,818	1,818	1,818
			= Total consumption of fixed capital		P51c	1,666	1,666	1,666	1,666	1,818	1,818	1,818	1,818	1,818	1,818	1,818
			- Consumption of fixed capital by market establishments		P51c_market	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
		+ Other taxes on production, payable			D29_pay	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

Open in Excel: Government Finance Statistics Quarter 3 2024 Table 2.1 (XLS 14KB)

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Expenditure

At €30.5 billion, total expenditure in Q3 2024 was €1.5 billion more than last year (€29.0 billion).

Pay (compensation of employees) increased by €0.7 billion while there was an additional €0.3 billion on social benefits. Gross fixed capital formation and capital transfers also increased by €0.2 billion and €0.1 billion respectively.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2022	6.9	4.0	0.8	8.1	1.3	2.0	1.1	0.5
Q2 2022	7.1	4.2	0.8	8.9	0.7	2.5	1.4	0.4
Q3 2022	7.1	4.3	0.8	9.7	0.6	2.8	1.0	0.4
Q4 2022	7.7	4.8	0.9	10.4	0.8	3.3	1.4	0.5
Q1 2023	7.7	4.3	0.9	8.7	0.6	2.3	2.0	0.6
Q2 2023	7.8	4.7	0.9	9.8	0.6	2.7	1.0	0.6
Q3 2023	7.9	4.6	0.8	10.4	0.6	3.2	1.0	0.6
Q4 2023	8.1	5.6	0.8	10.8	0.7	3.8	1.3	0.6
Q1 2024	8.3	4.4	0.8	9.6	0.6	2.5	1.8	0.6
Q2 2024	8.6	4.9	0.8	10.0	0.6	3.1	1.0	0.7
Q3 2024	8.6	4.7	0.8	10.7	0.6	3.4	1.0	0.7

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	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3
Total Expenditure					TE	24,606	26,016	26,857	29,804	27,000	28,147	29,022	31,771	28,572	29,678	30,508
	Expense					24,263	25,190	25,695	28,204	26,534	27,216	27,663	29,777	27,843	28,349	28,915
		Compensation of employees			D1	6,943	7,100	7,079	7,711	7,688	7,811	7,854	8,057	8,274	8,572	8,562
			Of which: Related to production of own-use capital assets			6	6	6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	4,007	4,205	4,319	4,768	4,324	4,665	4,608	5,646	4,444	4,852	4,672
			Use of goods and services [Intermediate consumption]		P2	4,007	4,205	4,319	4,768	4,324	4,665	4,608	5,646	4,444	4,852	4,672
			Taxes, payable		D5	0	0	0	0	0	0	0	0	0	0	0
		Depreciation (Consumption of fixed capital)			P51c	1,666	1,666	1,666	1,666	1,818	1,818	1,818	1,818	1,818	1,818	1,818
		Interest (excluding FISIM)			D41	758	787	830	947	868	881	850	845	823	808	830
			Other domestic interest payable		D41_S1	108	454	432	539	213	481	356	437	169	415	260
			Interest payable to rest of world		D41_S2	651	333	398	407	655	400	494	408	654	392	569
		Subsidies			D3	1,257	734	625	807	587	616	621	722	571	592	615
			Product subsidies		D31	382	399	430	442	392	451	459	485	408	431	453
			Other subsidies on production		D39	875	335	195	365	195	166	163	238	163	162	163
		Social benefits			D62 + D632	8,058	8,863	9,722	10,434	8,682	9,818	10,357	10,838	9,562	10,004	10,698
			Social benefits in cash		D62	6,634	6,935	6,932	7,749	6,946	7,568	7,114	7,837	7,815	7,682	7,521
			Social benefits in kind (via market producers)		D632	1,423	1,928	2,790	2,685	1,735	2,250	3,242	3,001	1,748	2,322	3,178
		Other current transfers			D7	1,070	1,422	1,013	1,378	1,990	1,037	992	1,291	1,758	1,019	1,013
			Net non-life insurance premiums		D71	21	21	21	21	21	21	21	21	21	21	21
			Current international cooperation		D74	153	177	92	154	99	89	70	160	154	154	52
			Miscellaneous current transfers		D75	138	466	138	491	863	159	148	362	743	146	222
			VAT and GNI based EU budget contribution		D76	758	759	762	712	1,007	769	752	748	839	698	719
				VAT-based EU own resources	D761	77	77	77	91	58	82	85	116	205	92	98
				GNI-based EU own resources	D762	644	644	647	537	898	638	617	592	584	561	572
				Miscellaneous EU own resources	D763	37	37	37	85	51	48	50	40	51	45	48
		Capital transfers			D9	504	413	438	493	577	568	563	559	591	683	706
			Investment grants		D92	462	411	434	493	535	531	530	555	534	680	702
			Other capital transfers		D99	41	3	5	0	42	37	33	4	57	3	5
	Net acquisition of non-financial assets				P5 + NP - P51c	342	826	1,163	1,599	466	932	1,359	1,994	729	1,329	1,593
		= Gross investment in non-financial assets			P5 + NP	2,009	2,492	2,829	3,266	2,284	2,750	3,177	3,812	2,547	3,147	3,411
			Gross fixed capital formation		P51	1,983	2,467	2,804	3,240	2,238	2,703	3,131	3,766	2,501	3,100	3,364
			Net acquisition of stocks		P52	25	25	25	25	47	47	47	47	47	47	47
			Net acquisition of unproduced assets		NP	0	0	0	0	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,666	-1,666	-1,666	-1,666	-1,818	-1,818	-1,818	-1,818	-1,818	-1,818	-1,818
Net expenditure on current goods and services					P3 excl. D632	11,564	11,853	11,960	12,937	12,679	13,129	13,129	14,284	13,433	14,102	13,942
	= Output				P1	12,617	12,971	13,065	14,145	13,830	14,295	14,280	15,521	14,537	15,243	15,053
	- Sales of goods and services				P11+P12+P131	-1,053	-1,117	-1,105	-1,208	-1,151	-1,166	-1,151	-1,237	-1,104	-1,140	-1,111
			Market output (sales of market establishments)		P11	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
			Incidental sales and fees of non-market establishments		P131	-1,047	-1,112	-1,100	-1,202	-1,145	-1,160	-1,146	-1,232	-1,099	-1,135	-1,105
Final consumption expenditure					P3	12,987	13,782	14,750	15,623	14,414	15,379	16,371	17,285	15,180	16,424	17,119
	= Net expenditure on current goods and services				P3 excl. D632	11,564	11,853	11,960	12,937	12,679	13,129	13,129	14,284	13,433	14,102	13,942
	+ Social transfers in kind via market producers				D632	1,423	1,928	2,790	2,685	1,735	2,250	3,242	3,001	1,748	2,322	3,178
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	8,147	9,063	10,426	10,773	9,197	10,212	11,718	11,949	9,606	10,824	12,040
		Social transfers in kind (via market producers)			D632	1,423	1,928	2,790	2,685	1,735	2,250	3,242	3,001	1,748	2,322	3,178
		Social transfers in kind (provided directly by government)			D631	6,723	7,135	7,636	8,088	7,462	7,962	8,475	8,948	7,859	8,502	8,862
	Collective consumption (= actual final consumption of government)				P32	4,841	4,719	4,324	4,850	5,217	5,167	4,654	5,336	5,574	5,600	5,079
Total social transfers					D62 + D63	14,781	15,998	17,358	18,522	16,144	17,780	18,832	19,786	17,421	18,506	19,561
	Social benefits in cash				D62	6,634	6,935	6,932	7,749	6,946	7,568	7,114	7,837	7,815	7,682	7,521
	Social transfers in kind (= individual consumption)				D63	8,147	9,063	10,426	10,773	9,197	10,212	11,718	11,949	9,606	10,824	12,040