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Government Finance Statistics Quarter 4 2022

Non-Financial Accounts

Online ISSN: 2009-6178

CSO statistical release, 24 April 2023, 11am

Revenue

Total revenue of general government increased to €34.8 billion in Q4 2022, €2.8 billion (9%) higher than the €32.0 billion received in Q4 2021. Taxes and social contributions, which make up 95% of general government revenue, were €33.0 billion this quarter, an increase of €2.5 billion on Q4 2021.

Looking more closely at the changes in tax receipts we can see that direct taxes (mostly corporation tax and income tax) were €2.4 billion higher; indirect taxes on theother hand decreased by €0.5 billion and this is mainly due to a decrease in excise in Q4 2022 and an unusually high one off payment in general deeds in Q4 2021.

	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	10.103	0.053	3.444	0.861	0.863	0.178	0.111
Q3 2020	7.212	7.076	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	7.004	0.061	3.814	0.041	0.922	0.19	0.129
Q2 2021	6.039	11.869	0.068	4.124	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	4.8	0.052	1.117	0.203	0.173
Q1 2022	8.521	9.57	0.063	4.704	0.018	1.03	0.23	0.122
Q2 2022	6.37	14.507	0.069	4.85	0.18	1.094	0.26	0.165
Q3 2022	9.466	12.7	0.089	4.939	0.253	1.082	0.3	0.153
Q4 2022	7.21	20	0.393	5.343	0.168	1.184	0.318	0.183

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	2022 Q4
Total Revenue					TR	18,922	21,714	20,579	27,056	17,934	20,256	19,524	25,564	19,269	23,697	23,934	32,015	24,267	27,501	28,938	34,800.00
	Taxes and social contributions					17,586	19,026	18,890	25,107	16,610	18,224	18,045	24,073	17,981	22,103	22,061	30,466	22,858	25,795	27,150	32,946.00
		Taxes			D2 + D5 + D91	13,590	15,136	15,063	20,792	12,647	14,780	14,384	19,712	14,167	17,979	17,808	25,666	18,154	20,945	22,211	27,603.00
			Indirect taxes (taxes on production and imports)		D2	7,305	5,727	7,783	6,696	5,712	4,624	7,212	6,175	7,102	6,042	8,549	7,662	8,521	6,370	9,466	7,210.00
				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	5,368	8,563	6,251.00
				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	3,169	6,397	3,999.00
				Other taxes on production	D29	956	826	861	964	893	566	631	772	897	807	800	1,060	922	1,001	902	959.00
			Direct taxes		D5	6,238	9,358	7,199	13,746	6,882	10,103	7,076	13,233	7,004	11,869	9,159	17,652	9,570	14,507	12,656	20,000.00
				Taxes on income, profits and capital gains	D51	5,961	9,111	6,960	13,528	6,626	9,866	6,828	13,014	6,740	11,633	8,923	17,441	9,312	14,272	12,421	19,790.00
				Other current direct taxes	D59	277	246	240	217	256	236	247	220	263	235	235	212	257	235	235	210.00
			Capital taxes		D91	47	52	81	350	53	53	96	303	61	68	100	352	63	69	89	393.00
		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	4,704	4,850	4,939	5,343.00
			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	3,944	4,459.00
				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	3,538	3,977.00
				Government employees' pension contributions	D613(pt)	349	369	346	374	365	370	356	398	370	402	408	400	412	413	406	482.00
			Employers' imputed social contributions		D612	745	717	737	718	799	783	800	762	871	836	825	841	976	965	996	884.00
	Sales of goods and services				P1O	1,063	1,226	1,234	1,445	1,032	877	1,023	1,033	922	957	1,065	1,117	1,030	1,094	1,082	1,184.00
		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	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6.00
		Incidental sales and fees of non-market establishments			P131	1,058	1,221	1,228	1,439	1,027	872	1,017	1,027	917	951	1,059	1,112	1,025	1,088	1,076	1,179.00
	Investment income				D4	51	1,227	111	190	38	861	146	65	42	288	98	53	18	180	253	168.00
		Interest (excluding FISIM)			D41	27	32	26	26	10	15	1	18	13	-5	22	0	-4	9	51	113.00
		Dividends / Other investment income			D42 + D44	7	1,176	67	146	11	829	128	30	11	275	58	35	5	154	184	38.00
		Rent of land and subsoil assets			D45	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18.00
	Current transfer revenue				D39 + D7	113	122	221	198	154	182	197	181	195	225	414	208	236	266	299	318.00
		Subsidies			D39	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	- 0
		Other current transfers			D7	113	122	221	198	154	182	197	181	195	225	414	208	236	266	299	318.00
			Non-life insurance claims		D72	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4.00
			Other Domestic - Current		D7N_S1	105	114	149	107	147	156	190	149	188	197	231	191	229	238	272	272.00
			From Rest of World - Current		D7N_S2	3	4	68	88	3	23	3	28	3	24	179	13	3	25	24	42.00
	Capital transfer revenue				D9N	109	113	124	116	99	111	113	213	130	124	295	171	125	165	153	183.00

Output					P1	9,824	10,244	10,462	10,661	10,367	11,191	11,402	11,931	11,562	11,921	12,449	12,647	12,598	12,859	12,815	14,106.00
	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	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6	6.00
	Non-market output				P13	9,818	10,238	10,456	10,656	10,361	11,186	11,396	11,925	11,557	11,915	12,443	12,641	12,592	12,853	12,810	14,100.00
		= Non-market compensation of employees			D1_nonmarket	5,806	6,009	5,831	6,108	6,092	6,182	6,044	6,569	6,252	6,707	6,864	6,786	6,999	7,104	7,055	7,679.00
			= Total compensation of employees		D1	5,811	6,015	5,837	6,114	6,098	6,188	6,049	6,575	6,258	6,713	6,870	6,791	7,005	7,110	7,060	7,684.00
			- 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	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	- 6.00
		+ Non-market intermediate consumption			P2_nonmarket	2,823	3,040	3,436	3,359	3,005	3,740	4,088	4,092	3,886	3,789	4,160	4,436	4,174	4,330	4,336	5,003.00
			= Total intermediate consumption		P2	2,823	3,040	3,436	3,359	3,005	3,740	4,088	4,092	3,886	3,789	4,160	4,436	4,174	4,330	4,336	5,003.00
			- 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	1,189	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	1,419.00
			= 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	1,419.00
			- 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 2022 Table 2.1 (XLS 17KB)

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Expenditure

Expenditure in Q4 2022, at €30.0 billion, was €2.5 billion more than last year’s €27.5 billion.

Users should be careful when comparing 2022 data with 2021 as there were significant amounts of expenditure in 2021 due to Government COVID-19 support measures that have since closed (in particular expenditure on the Pandemic Unemployment Payment (€0.25 billion in Q4 2021) and the Employment Wage Subsidy Scheme (€1.1 billion in Q4 2021)).

Compensation of employees at €7.7 billion in Q4 2022 was higher than in Q4 2021 when it was just under €6.8 billion. Additional expenditure of €1.4 billion on social benefits relates, in part, to the higher numbers of jobseeker allowance/benefit recipients.

Intermediate consumption showed an increase of €0.6 billion, while gross fixed capital formation showed an increase of €0.4 billion. Current transfer payments showed an increase of €0.4 billion and capital transfers increased by €0.1 billion. There was a large reduction in expenditure on subsidies, which decreased by €1.1 billion, due to the closure of the Employment Wage Subsidy Scheme back in Q2 2022. As a result, subsidies have returned to pre COVID-19 levels.

	Compensation of employees	Intermediate consumption	Interest	Social benefits	Subsidies	Gross investment in non-financial assets	Current transfers	Capital transfers
Q1 2020	6.098	3.005	1.037	7.492	0.527	2.069	0.976	0.337
Q2 2020	6.188	3.735	0.947	10.11	2.245	2.056	1.005	0.376
Q3 2020	6.049	4.084	0.974	9.504	1.786	2.524	1.017	0.308
Q4 2020	6.555	4.088	0.87	10.114	1.754	2.044	1.477	0.567
Q1 2021	6.258	3.767	0.826	9.316	1.731	1.711	1.405	0.38
Q2 2021	6.713	3.67	0.824	9.35	1.764	2.055	1.189	0.372
Q3 2021	6.87	4.16	0.814	9.419	1.838	2.313	0.915	0.346
Q4 2021	6.771	4.317	0.828	9.196	1.853	2.689	1.222	0.457
Q1 2022	7.005	4.174	0.754	8.047	1.231	1.941	1.119	0.466
Q2 2022	7.11	4.335	0.784	8.844	0.706	2.336	1.471	0.428
Q3 2023	7.06	4.336	0.8	9.691	0.59	2.689	1.062	0.452
Q4 2022	7.684	5.003	0.912	10.552	0.77	3.076	1.511	0.508

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	2022 Q4
Total Expenditure					TE	20,864	20,826	21,624	23,287	21,542	26,667	26,251	27,495	25,512	26,057	26,679	27,474	24,736	26,010	26,711	30,016.00
	Expense					19,988	20,031	20,947	22,379	20,736	25,874	24,990	26,713	25,220	25,421	25,785	26,203	24,214	25,093	25,442	28,359.00
		Compensation of employees			D1	5,811	6,015	5,837	6,114	6,098	6,188	6,049	6,575	6,258	6,713	6,870	6,791	7,005	7,110	7,060	7,684.00
			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	6.00
		Use of goods and services plus taxes payable			P2 + D5 + D29	2,823	3,040	3,436	3,359	3,005	3,740	4,088	4,092	3,886	3,789	4,160	4,436	4,174	4,330	4,336	5,003.00
			Use of goods and services [Intermediate consumption]		P2	2,823	3,040	3,436	3,359	3,005	3,740	4,088	4,092	3,886	3,789	4,160	4,436	4,174	4,330	4,336	5,003.00
				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	1,189	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	1,419.00
				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	1,200	1,225	1,117	1,080	1,037	947	974	870	826	824	814	829	754	784	825	912.00
			Other domestic interest payable		D41_S1	397	432	359	430	480	421	500	412	151	296	411	401	103	450	427	505.00
			Interest payable to rest of world		D41_S2	803	793	757	650	557	527	474	458	675	527	404	428	651	333	398	407.00
		Subsidies			D3	410	431	456	598	527	2,245	1,786	1,754	1,731	1,764	1,838	1,853	1,231	706	596	770.00
			Product subsidies		D31	256	278	302	314	332	362	351	344	357	376	406	430	365	380	410	421.00
			Other subsidies on production		D39	154	153	154	284	195	1,882	1,435	1,410	1,374	1,389	1,432	1,423	866	326	186	349.00
		Social benefits			D62 + D632	7,121	7,241	7,850	8,623	7,492	10,110	9,504	10,114	9,316	9,350	9,423	9,196	8,047	8,844	9,691	10,552.00
			Social benefits in cash		D62	5,989	5,767	5,704	6,601	6,272	8,518	7,206	7,943	7,973	7,572	6,842	6,958	6,611	6,912	6,910	7,875.00
			Social benefits in kind (via market producers)		D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,343	1,779	2,581	2,238	1,436	1,932	2,781	2,677.00
		Other current transfers			D7	1,143	557	843	731	976	1,005	1,017	1,477	1,405	1,189	915	1,222	1,119	1,471	1,062	1,511.00
			Net non-life insurance premiums		D71	19	19	19	19	13	13	13	13	21	21	21	21	18	18	18	18.00
			Current international cooperation		D74	113	112	127	168	86	168	130	115	96	157	93	133	153	177	92	154.00
			Miscellaneous current transfers		D75	160	155	153	214	160	249	526	655	356	335	216	122	190	518	190	543.00
			VAT and GNI based EU budget contribution		D76	851	271	543	330	718	575	348	694	932	676	586	947	758	759	762	796.00
				VAT-based EU own resources	D761	109	54	69	46	91	77	48	59	98	56	59	71	77	77	77	91.00
				GNI-based EU own resources	D762	742	217	475	284	626	498	300	635	835	547	490	840	644	644	647	621.00
				Miscellaneous EU own resources	D763	0	0	0	0	0	0	0	0	0	73	36	36	37	37	37	85.00
		Capital transfers			D9	291	332	219	686	337	376	308	567	380	372	346	457	466	428	452	508.00
			Investment grants		D92	286	327	214	681	337	359	308	560	378	354	338	454	463	426	449	508.00
			Other capital transfers		D99	5	5	5	5	0	17	0	7	2	19	7	3	3	3	3	- 0
	Net acquisition of non-financial assets				P5 + NP - P51c	875	796	678	908	806	794	1,261	781	292	636	894	1,270	522	917	1,270	1,657.00
		= Gross investment in non-financial assets			P5 + NP	2,065	1,985	1,867	2,097	2,070	2,058	2,525	2,045	1,711	2,055	2,313	2,689	1,941	2,336	2,689	3,076.00
			Gross fixed capital formation		P51	2,050	1,970	1,992	2,082	2,055	2,043	2,510	2,030	1,696	2,040	2,298	2,674	1,926	2,321	2,674	3,061.00
			Net acquisition of stocks		P52	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15	15.00
			Net acquisition of unproduced assets		NP	0	0	-140	0	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	- 1,419.00
Net expenditure on current goods and services					P3 excl. D632	8,760	9,018	9,228	9,216	9,335	10,314	10,379	10,898	10,640	10,964	11,384	11,529	11,567	11,765	11,733	12,921.00
	= Output				P1	9,824	10,244	10,462	10,661	10,367	11,191	11,402	11,931	11,562	11,921	12,449	12,647	12,598	12,859	12,815	14,106.00
	- Sales of goods and services				P11+P12+P131	-1,063	-1,226	-1,234	-1,445	-1,032	-877	-1,023	-1,033	-922	-957	-1,065	-1,117	-1,030	-1,094	-1,082	- 1,184.00
			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	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	-6	- 6.00
			Incidental sales and fees of non-market establishments		P131	-1,058	-1,221	-1,228	-1,439	-1,027	-872	-1,017	-1,027	-917	-951	-1,059	-1,112	-1,025	-1,088	-1,076	- 1,179.00
Final consumption expenditure					P3	9,892	10,492	11,374	11,238	10,554	11,905	12,676	13,070	11,983	12,743	13,965	13,767	13,003	13,697	14,514	15,598.00
	= Net expenditure on current goods and services				P3 excl. D632	8,760	9,018	9,228	9,216	9,335	10,314	10,379	10,898	10,640	10,964	11,384	11,529	11,567	11,765	11,733	12,921.00
	+ Social transfers in kind via market producers				D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,343	1,779	2,581	2,238	1,436	1,932	2,781	2,677.00
made up of
	Individual consumption (= social transfers in kind)				P31 (= D63)	6,662	7,067	7,662	7,572	6,714	7,789	8,897	8,975	7,547	8,375	9,811	9,366	8,167	9,023	10,295	10,752.00
		Social transfers in kind (via market producers)			D632	1,132	1,474	2,146	2,022	1,219	1,592	2,297	2,171	1,343	1,779	2,581	2,238	1,436	1,932	2,781	2,677.00
		Social transfers in kind (provided directly by government)			D631	5,530	5,593	5,516	5,550	5,494	6,198	6,599	6,804	6,204	6,597	7,229	7,127	6,732	7,091	7,514	8,075.00
	Collective consumption (= actual final consumption of government)				P32	3,231	3,425	3,712	3,666	3,840	4,116	3,780	4,094	4,436	4,368	4,154	4,402	4,836	4,674	4,219	4,847.00
Total social transfers					D62 + D63	12,651	12,834	13,366	14,173	12,986	16,307	16,103	16,918	15,519	15,947	16,652	16,323	14,778	15,935	17,205	18,627.00
	Social benefits in cash				D62	5,989	5,767	5,704	6,601	6,272	8,518	7,206	7,943	7,973	7,572	6,842	6,958	6,611	6,912	6,910	7,875.00
	Social transfers in kind (= individual consumption)				D63	6,662	7,067	7,662	7,572	6,714	7,789	8,897	8,975	7,547	8,375	9,811	9,366	8,167	9,023	10,295	10,752.00