You are here: Home / Statistics / Government Finance Statistics Quarter 4 2021 / Non-Financial Accounts

Government Finance Statistics Quarter 4 2021

Non-Financial Accounts

Open in Excel:

Revenue

Total revenue of general government increased by €5.7 billion (22.4%) - from €25.4 billion in Q4 2020 to €31.1 billion in Q4 2021. Taxes and social contributions make up more than 95% of general government revenue. This quarter these categories increased by €5.7 billion, compared to Q4 2020, to reach €29.7 billion. VAT increased by €0.5 billion; taxes on income, profits and capital gains increased by €4.4 billion (mainly due to increased receipts from income tax and corporation tax); and social contributions, mainly PRSI receipts, increased by €0.1 billion.

	Indirect taxes	Direct taxes	Capital taxes	Social contributions	Investment income	Sales of goods and services	Current transfers	Capital transfers
Q1 2020	5.645	6.86	0.053	3.862	0.038	1.022	0.15	0.099
Q2 2020	4.604	10.089	0.053	3.354	0.87	0.87	0.178	0.111
Q3 2020	7.174	7.056	0.096	3.564	0.146	1.012	0.194	0.113
Q4 2020	6.181	13.214	0.303	4.261	0.065	1.02	0.177	0.213
Q1 2021	7	6.987	0.061	3.645	0.041	0.872	0.19	0.107
Q2 2021	5.989	11.849	0.068	3.95	0.287	0.899	0.22	0.099
Q3 2021	8.439	9.165	0.1	4.088	0.098	1.007	0.409	0.269
Q4 2021	7.312	17.641	0.352	4.367	0.052	1.042	0.194	0.159

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	2018 Q1	2018 Q2	2018 Q3	2018 Q4	2019 Q1	2019 Q2	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4
Total Revenue					TR	17,884	20,229	18,870	26,077	18,879	21,636	20,508	26,986	17,730	20,129	19,354	25,434	18,905	23,361	23,576	31,119
	Taxes and social contributions					16,405	17,625	17,211	23,918	17,557	18,965	18,835	25,056	16,420	18,100	17,889	23,959	17,695	21,856	21,792	29,672
		Taxes			D2 + D5 + D91	12,766	14,091	13,716	19,961	13,617	15,132	15,065	20,797	12,558	14,746	14,325	19,698	14,049	17,906	17,704	25,304
			Indirect taxes (taxes on production and imports)		D2	6,784	5,247	7,380	6,332	7,332	5,722	7,784	6,702	5,645	4,604	7,174	6,181	7,000	5,989	8,439	7,312
				Taxes on products	D21	5,832	4,422	6,578	5,318	6,376	4,896	6,923	5,738	4,752	4,038	6,543	5,409	6,173	5,242	7,699	6,312
				of which Value-Added Tax	D211	4,090	2,416	4,619	3,050	4,440	2,590	4,942	3,329	2,871	2,154	4,571	3,037	4,326	2,905	5,516	3,505
				Other taxes on production	D29	953	824	803	1,014	956	826	861	964	893	566	631	772	828	747	740	1,000
			Direct taxes		D5	5,947	8,792	6,249	13,283	6,238	9,357	7,199	13,745	6,860	10,089	7,056	13,214	6,987	11,849	9,165	17,641
				Taxes on income, profits and capital gains	D51	5,669	8,542	6,009	13,055	5,961	9,111	6,959	13,528	6,604	9,852	6,808	12,994	6,725	11,615	8,930	17,430
				Other current direct taxes	D59	278	250	240	228	277	246	240	217	256	236	247	220	263	234	235	211
			Capital taxes		D91	34	52	86	346	47	52	81	350	53	53	96	303	61	68	100	352
		Social contributions			D61	3,640	3,534	3,496	3,957	3,940	3,833	3,770	4,259	3,862	3,354	3,564	4,261	3,645	3,950	4,088	4,367
			Actual social contributions		D611 + D613	3,013	2,897	2,860	3,314	3,250	3,172	3,089	3,597	3,136	2,644	2,837	3,572	2,918	3,258	3,410	3,674
				PRSI receipts	D611 + D613(pt)	2,659	2,537	2,501	2,951	2,901	2,803	2,743	3,224	2,771	2,275	2,481	3,174	2,551	2,860	3,003	3,277
				Government employees' pension contributions	D613(pt)	354	360	359	363	349	369	346	374	365	369	356	398	367	399	407	397
			Employers' imputed social contributions		D612	626	637	635	643	690	661	681	662	726	710	727	689	727	692	678	694
	Sales of goods and services				P1O	1,055	1,216	1,224	1,433	1,051	1,212	1,219	1,428	1,022	870	1,012	1,020	872	899	1,007	1,042
		Sales of market establishments (= market output)			P11	0	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	5	5	5	5	6	6	6	6	6	6	6	6	6	6	6	6
		Incidental sales and fees of non-market establishments			P131	1,049	1,211	1,218	1,428	1,045	1,206	1,214	1,422	1,016	864	1,006	1,014	866	893	1,002	1,037
	Investment income				D4	110	1,073	83	267	51	1,227	111	190	38	870	146	65	41	287	98	52
		Interest (excluding FISIM)			D41	49	38	32	48	27	32	26	26	10	15	1	18	13	-5	22	0
		Dividends / Other investment income			D42 + D44	32	1,007	23	191	7	1,176	67	146	11	838	128	30	11	275	58	35
		Rent of land and subsoil assets			D45	28	28	28	28	18	18	18	18	18	18	18	18	18	18	18	18
	Current transfer revenue				D39 + D7	170	184	219	293	111	121	219	197	150	178	194	177	190	220	409	194
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		Other current transfers			D7	170	184	219	293	111	121	219	197	150	178	194	177	190	220	409	194
			Non-life insurance claims		D72	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
			Other Domestic - Current		D7N_S1	89	99	132	88	104	113	147	105	143	152	186	145	183	191	226	162
			From Rest of World - Current		D7N_S2	76	81	82	200	3	4	68	88	3	22	3	28	3	24	179	28
	Capital transfer revenue				D9N	145	131	133	165	109	113	124	116	99	111	113	213	107	99	269	159

Output					P1	9,028	9,362	9,660	9,653	9,729	10,150	10,366	10,565	10,290	11,115	11,324	11,853	11,208	11,571	12,122	12,325
	Market output (sales of market establishments)				P11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
	Output for own final use				P12	5	5	5	5	6	6	6	6	6	6	6	6	6	6	6	6
	Non-market output				P13	9,023	9,356	9,655	9,648	9,723	10,144	10,360	10,559	10,284	11,109	11,319	11,848	11,203	11,565	12,117	12,319
		= Non-market compensation of employees			D1_nonmarket	5,445	5,536	5,524	5,588	5,721	5,925	5,745	6,022	6,026	6,116	5,977	6,502	6,081	6,533	6,707	6,607
			= Total compensation of employees		D1	5,451	5,542	5,530	5,594	5,727	5,930	5,750	6,027	6,032	6,122	5,983	6,508	6,086	6,539	6,713	6,612
			- Compensation of employees of market establishments		D1_market	0	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	-5	-5	-5	-5	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6
		+ Non-market intermediate consumption			P2_nonmarket	2,484	2,726	3,037	2,966	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,864	3,774	4,152	4,455
			= Total intermediate consumption		P2	2,484	2,726	3,037	2,966	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,864	3,774	4,152	4,455
			- Intermediate consumption of market establishments		P2_market	0	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	0
		+ Non-market consumption of fixed capital			P51c_nonmarket	1,094	1,094	1,094	1,094	1,184	1,184	1,184	1,184	1,258	1,258	1,258	1,258	1,258	1,258	1,258	1,258
			= Total consumption of fixed capital		P51c	1,094	1,094	1,094	1,094	1,184	1,184	1,184	1,184	1,258	1,258	1,258	1,258	1,258	1,258	1,258	1,258
			- Consumption of fixed capital by market establishments		P51c_market	0	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	0
		+ Other taxes on production, payable			D29_pay	0	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	0

Open in Excel: Government Finance Statistics Quarter 4 2021 Table 2.1 (XLS 16KB)

Visit Table GFQ03 on PxStat

Expenditure

On the expenditure side of the account, at €27.7 billion, Q4 2021 was €0.5 billion higher than the level of expenditure in Q4 2020 (€27.2 billion). There was a large reduction in expenditure on social benefits, which decreased by €1.0 billion. This was driven almost entirely by the reduction in expenditure on Pandemic Unemployment Payments.

This reduction in social benefits was eclipsed by increases in other areas of government expenditure. Compensation of employees increased to €6.6 billion from €6.5 billion in Q4 2020, (an increase of €0.1 billion), intermediate consumption (increase of €0.4 billion), gross fixed capital formation (increase of €0.6 billion), current transfer payments (increase of €0.3 billion) and capital transfers (increase €0.1 billion).

Direct spending on COVID-19 measures amounted to approximately €2.4 billion this quarter. The main elements of this expenditure were:

Employment Wage Subsidy Scheme €1.1 billion;
Pandemic Unemployment Payment €0.2 billion;
COVID-19 related health expenditure €0.7 billion.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2020	6.032	3.001	1.037	7.642	0.547	2.043	0.976	0.387
Q2 2020	6.122	3.735	0.948	10.196	2.267	2.031	1.166	0.426
Q3 2020	5.983	4.084	0.974	9.491	1.809	2.482	0.826	0.358
Q4 2020	6.508	4.088	0.87	10.264	1.776	2.019	1.062	0.626
Q1 2021	6.086	3.864	0.825	9.517	1.682	1.614	1.381	0.479
Q2 2021	6.539	3.774	0.823	9.348	1.713	2.018	1.155	0.451
Q3 2021	6.713	4.152	0.814	9.331	1.78	2.263	0.855	0.225
Q4 2021	6.612	4.455	0.828	9.248	1.762	2.664	1.409	0.69

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	2018 Q1	2018 Q2	2018 Q3	2018 Q4	2019 Q1	2019 Q2	2019 Q3	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4
Total Expenditure					TE	19,564	20,372	20,439	22,213	20,785	20,749	21,545	23,207	21,664	26,891	26,008	27,213	25,450	25,821	26,133	27,668
	Expense					18,996	19,731	20,037	21,518	19,921	19,963	20,877	22,310	20,878	26,117	24,783	26,451	25,093	25,061	25,128	26,262
		Compensation of employees			D1	5,451	5,542	5,530	5,594	5,727	5,930	5,750	6,027	6,032	6,122	5,983	6,508	6,086	6,539	6,713	6,612
			Of which: Related to production of own-use capital assets			5	5	5	5	6	6	6	6	6	6	6	6	6	6	6	6
		Use of goods and services plus taxes payable			P2 + D5 + D29	2,484	2,726	3,037	2,966	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,864	3,774	4,152	4,455
			Use of goods and services [Intermediate consumption]		P2	2,484	2,726	3,037	2,966	2,818	3,035	3,431	3,354	3,001	3,735	4,084	4,088	3,864	3,774	4,152	4,455
				Of which: Intermediate consumption of market establishments		0	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	0
		Depreciation (Consumption of fixed capital)			P51c	1,094	1,094	1,094	1,094	1,184	1,184	1,184	1,184	1,258	1,258	1,258	1,258	1,258	1,258	1,258	1,258
				Of which: Depreciation by market establishments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
		Interest (excluding FISIM)			D41	1,392	1,333	1,347	1,243	1,200	1,226	1,117	1,080	1,037	948	974	870	825	823	814	828
			Other domestic interest payable		D41_S1	528	458	481	453	397	432	360	431	481	421	501	412	150	296	410	400
			Interest payable to rest of world		D41_S2	864	875	865	790	803	793	757	650	557	527	474	458	675	527	404	428
		Subsidies			D3	418	436	458	635	413	434	459	601	547	2,267	1,809	1,776	1,682	1,713	1,780	1,762
			Product subsidies		D31	221	240	261	271	259	281	305	317	356	389	380	375	318	334	360	383
			Other subsidies on production		D39	197	196	197	364	154	153	154	284	190	1,878	1,430	1,401	1,364	1,379	1,420	1,379
		Social benefits			D62 + D632	6,867	6,966	7,531	8,262	7,121	7,241	7,850	8,623	7,642	10,196	9,491	10,264	9,517	9,348	9,331	9,248
			Social benefits in cash		D62	5,806	5,596	5,547	6,423	6,001	5,787	5,737	6,629	6,435	8,626	7,228	8,122	8,227	7,658	6,892	7,132
			Social benefits in kind (via market producers)		D632	1,061	1,370	1,984	1,839	1,120	1,454	2,113	1,994	1,207	1,570	2,263	2,142	1,290	1,690	2,439	2,116
		Other current transfers			D7	977	980	788	1,033	1,161	575	861	749	976	1,166	826	1,062	1,381	1,155	855	1,409
			Net non-life insurance premiums		D71	13	13	13	13	13	13	13	13	13	13	13	13	21	21	21	21
			Current international cooperation		D74	88	124	136	193	113	112	127	168	86	168	130	115	96	157	93	133
			Miscellaneous current transfers		D75	215	236	163	197	183	179	177	238	159	410	335	240	332	302	156	309
			VAT and GNI based EU budget contribution		D76	661	608	477	629	851	271	543	330	718	575	348	694	932	676	586	947
				VAT-based EU own resources	D761	75	43	62	65	109	54	69	46	91	77	48	59	98	56	59	71
				GNI-based EU own resources	D762	585	565	414	565	742	217	475	284	626	498	300	635	835	547	459	840
				Own resources miscellaneous	D763	0	0	0	0	0	0	0	0	0	0	0	0	0	73	67	36
		Capital transfers			D9	313	655	253	691	297	338	224	691	387	426	358	626	479	451	225	690
			Investment grants		D92	305	435	246	684	291	333	219	686	387	408	358	610	456	431	211	676
			Other capital transfers		D99	8	220	7	7	6	5	5	5	0	17	0	16	23	20	14	15
	Net acquisition of non-financial assets				P5 + NP - P51c	568	641	401	695	865	785	667	897	786	774	1,225	762	357	760	1,005	1,406
		= Gross investment in non-financial assets			P5 + NP	1,662	1,735	1,495	1,789	2,049	1,970	1,852	2,082	2,043	2,031	2,482	2,019	1,614	2,018	2,263	2,664
			Gross fixed capital formation		P51	1,647	1,720	1,480	1,774	2,034	1,955	1,977	2,067	2,028	2,016	2,467	2,004	1,599	2,003	2,248	2,649
			Net acquisition of stocks		P52	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15
			Net acquisition of unproduced assets		NP	0	0	0	0	0	0	-140	0	0	0	0	0	0	0	0	0
		- Consumption of fixed capital			P51c	-1,094	-1,094	-1,094	-1,094	-1,184	-1,184	-1,184	-1,184	-1,258	-1,258	-1,258	-1,258	-1,258	-1,258	-1,258	-1,258
Net expenditure on current goods and services					P3 excl. D632	7,974	8,145	8,436	8,220	8,678	8,938	9,147	9,137	9,268	10,245	10,313	10,833	10,337	10,672	11,115	11,282
	= Output				P1	9,028	9,362	9,660	9,653	9,729	10,150	10,366	10,565	10,290	11,115	11,324	11,853	11,208	11,571	12,122	12,325
	- Sales of goods and services				P11+P12+P131	-1,055	-1,216	-1,224	-1,433	-1,051	-1,212	-1,219	-1,428	-1,022	-870	-1,012	-1,020	-872	-899	-1,007	-1,042
			Market output (sales of market establishments)		P11	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
			Output for own final use		P12	-5	-5	-5	-5	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6
			Incidental sales and fees of non-market establishments		P131	-1,049	-1,211	-1,218	-1,428	-1,045	-1,206	-1,214	-1,422	-1,016	-864	-1,006	-1,014	-866	-893	-1,002	-1,037
Final consumption expenditure					P3	9,034	9,515	10,420	10,059	9,798	10,392	11,260	11,131	10,474	11,815	12,576	12,975	11,627	12,362	13,554	13,399
	= Net expenditure on current goods and services				P3 excl. D632	7,974	8,145	8,436	8,220	8,678	8,938	9,147	9,137	9,268	10,245	10,313	10,833	10,337	10,672	11,115	11,282
	+ Social transfers in kind via market producers				D632	1,061	1,370	1,984	1,839	1,120	1,454	2,113	1,994	1,207	1,570	2,263	2,142	1,290	1,690	2,439	2,116
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	6,020	6,448	6,966	6,702	6,562	6,987	7,567	7,480	7,373	7,849	8,502	8,404	7,448	8,466	9,092	9,204
		Social transfers in kind (via market producers)			D632	1,061	1,370	1,984	1,839	1,120	1,454	2,113	1,994	1,207	1,570	2,263	2,142	1,290	1,690	2,439	2,116
		Social transfers in kind (provided directly by government)			D631	4,959	5,079	4,982	4,862	5,442	5,533	5,454	5,486	6,166	6,279	6,239	6,262	6,158	6,776	6,654	7,088
	Collective consumption (= actual final consumption of government)				P32	3,014	3,067	3,454	3,358	3,236	3,406	3,693	3,651	3,102	3,966	4,074	4,571	4,179	3,896	4,461	4,195
Total social transfers					D62 + D63	11,826	12,044	12,513	13,125	12,563	12,774	13,304	14,109	13,808	16,476	15,730	16,526	15,675	16,124	15,985	16,336
	Social benefits in cash				D62	5,806	5,596	5,547	6,423	6,001	5,787	5,737	6,629	6,435	8,626	7,228	8,122	8,227	7,658	6,892	7,132
	Social transfers in kind (= individual consumption)				D63	6,020	6,448	6,966	6,702	6,562	6,987	7,567	7,480	7,373	7,849	8,502	8,404	7,448	8,466	9,092	9,204