Total government revenue this quarter was €1.7 billion higher than Q4 2023. This rise is primarily due to taxes with an increase of €2.0 billion, the majority of which is resulting from the increase of €1.6 billion in direct taxes (corporation and income tax).
Elsewhere, social contributions increased by €0.5 billion and indirect taxes (including VAT) were around €0.2 billion higher than Q4 2023. However, this was offset by a decrease of €0.4 billion in investment income and €0.2 billion in other current transfers when compared with Q4 2023.
Following the ruling of the Court of Justice of the European Union on the 10th September 2024, there is a D.99 (capital transfer) receipt in Q3 2024 which recognised the amount in full of €14,164m. This recording is in accordance with the ESA 2010 guidance on court decisions where the time of recording is aligned with the time of the final ruling.
| 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 | 1.1 | 0.2 | 0.2 |
| 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 | 0.4 | 5.4 | 0.2 | 1.2 | 0.4 | 0.2 |
| Q1 2023 | 8.9 | 11.5 | 0.1 | 5.2 | 0.3 | 1.2 | 0.3 | 0.2 |
| Q2 2023 | 6.9 | 15.4 | 0.1 | 5.2 | 0.4 | 1.2 | 0.3 | 0.2 |
| Q3 2023 | 9.5 | 11.8 | 0.1 | 5.2 | 0.5 | 1.2 | 0.4 | 0.2 |
| Q4 2023 | 8 | 20.9 | 0.4 | 5.6 | 0.7 | 1.2 | 0.5 | 0.4 |
| Q1 2024 | 10 | 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 | 1.2 | 0.2 | 0.2 |
| Q3 2024 | 10.3 | 14 | 0.1 | 5.5 | 0.6 | 1.1 | 0.3 | 14.4 |
| Q4 2024 | 8.2 | 22.5 | 0.6 | 6.1 | 0.3 | 1.2 | 0.3 | 0.2 |
At €34.2 billion, total expenditure in Q4 2024 was €2.5 billion more than last year (€31.7 billion).
Social benefits increased by €1.1 billion while there was an additional €0.6 billion on pay (compensation of employees). Capital transfers and gross fixed capital formation also increased by €0.4 billion and €0.2 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 | 0.8 | 8.1 | 1.3 | 2 | 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 | 0.4 |
| 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 | 0.6 |
| Q2 2023 | 7.8 | 4.7 | 0.9 | 9.8 | 0.6 | 2.7 | 1 | 0.6 |
| Q3 2023 | 7.9 | 4.6 | 0.8 | 10.4 | 0.6 | 3.1 | 1 | 0.6 |
| Q4 2023 | 8.1 | 5.6 | 0.8 | 10.8 | 0.7 | 3.8 | 1.3 | 0.6 |
| Q1 2024 | 8.3 | 4.6 | 0.8 | 9.6 | 0.6 | 3.1 | 1.9 | 0.6 |
| Q2 2024 | 8.6 | 5 | 0.8 | 10.1 | 0.6 | 3.6 | 1 | 0.7 |
| Q3 2024 | 8.6 | 4.8 | 0.8 | 10.9 | 0.6 | 3.5 | 1 | 0.7 |
| Q4 2024 | 8.6 | 5.7 | 0.8 | 12 | 0.8 | 3.9 | 1.4 | 1 |
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