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For more information on this release:
E-mail: gfs@cso.ie Tom Fitzgerald Jason Sibley
For general information on CSO statistics:
information@cso.ie (+353) 21 453 5000 On-line ISSN 2009-9436

This release has been compiled during the COVID-19 crisis. The results contained in this release reflect some of the economic impacts of the COVID-19 situation. For further information see Background notes.

CSO statistical release, , 11am

Government Income and Expenditure

2015 to 2020 (July 2021 Results)

General Government Revenue and Expenditure
End of Deficit/Surplus Revenue Expenditure
year€bn% GDP% GNI*€bn% GDP€bn% GDP
2015-5.4-2.0-3.371.027.076.429.1
2016-2.1-0.8-1.273.727.375.828.1
2017-1.3-0.4-0.776.925.978.226.3
20180.10.00.083.125.583.025.5
20191.10.30.588.124.787.124.4
2020-18.8-5.0-9.084.522.7103.327.7

Government deficit of 5.0% of GDP in 2020

Figure 1 General Government Deficit, Gross Debt and Net Debt
go to full release

The general government deficit was €18.8bn in 2020, because of the impact of COVID-19 on both general government revenue and expenditure. Targeted government supports and public health measures resulted in a significant increase in expenditure and, at the same time, revenue fell. General government revenue was €84.5bn in 2020 while expenditure was €103.3bn, giving a deficit of €18.8bn (5% of GDP) compared with a surplus of €1.1bn in 2019 – see release Infographic.

The COVID-19 pandemic led to a drop of 4.1% in government revenues and a rise of 18.6% in government expenditure (Table 1).

Government revenues were €3.6bn (4.1%) lower than in 2019. Overall tax revenues were down €2.4bn (a 3.7% drop on 2019), with a fall of 12.0% in indirect taxes, mainly due to reduced VAT receipts and the waiving of commercial rates. In contrast direct taxes (including corporation tax and income taxes) increased 2.6% (Table 3).

The significant increase of €16.2bn (18.6%) in government expenditure in 2020 is due to COVID-19 measures. There was a rise of €11.8bn in subsidies (including the Temporary/Employment Wage Subsidy Scheme) and social transfers (including the Pandemic Unemployment Payment (PUP)). Intermediate consumption rose by €2.3bn, mostly due to extra spending by the health sector, while current transfers increased by €0.6bn (Table 4). 

Provisional estimates of COVID-19 expenditure

The table below is a preliminary estimate of the impact of COVID-19 on government expenditure. It is easy to see the impact of new measures, such as the PUP, while in other areas existing budgets were used (and supplemented) in order to deliver services. This table will be updated as more data becomes available from end-year accounts.

Table A: COVID-19 measures included in general government expenditure, €bn

ESA 2010 CodeMeasure2020
D.39 Temporary/Employment Wage Subsidy Scheme  4.1
D.31 Other 0.1
D.62 Pandemic Unemployment Payment 5.0
D.62 Covid Illness and Jobseekers Benefit 0.1
D.62 Pension and Disability Allowance 0.2
D.632 Primary care and Overseas repatriation 0.1
D.7 Restart Grant / Restart Grant Plus 0.6
D.7 Covid Restrictions Support Scheme 0.2
D.7 Other enterprise supports 0.1
D.99 Standardised guarantees 0.1
P.2 Health sector expenditure 2.0
P.2 Other 0.5
P.51g ICT expenditure 0.8
Total Expenditure   13.9

See Background notes for further information.

  

National accounts are compiled in the EU according to the European System of National Accounts 2010 (ESA 2010) framework.

The Government Income and Expenditure (GIE) 2020 release is fully aligned with the National Income and Expenditure (NIE) 2020 publication of 15 July 2021. 

A full time series of general government data back to 2000 are available on CSO PxStat. Debt figures will be updated following the publication of the Government Finance Statistics (GFS) 2021 Q1 on 21 July 2021.

The changes to the previously published tables under the Excessive Debt Procedure in April 2021 reflect updated data sources which become available between the April and July publications as well as a change to methodology for the treatment of local authority housing rent - see Background notes.

A full description of the concepts and definitions used in the production of these statistics is provided in the Background notes.

 

 

Total RevenueTotal Expenditure
201527.005707762557129.0547945205479
201627.293386126911228.0698857023729
201725.907198176510426.3359256809459
201825.482544009559525.4638348094177
201924.719634989059724.4189559087226
202022.669654315127227.7009186884921
Government Revenue
Sales of
goods
and
services
4.18
Investment
income
1.16
Other1.225
Taxes62.289
Social
contributions
15.674
Government Expenditure
Intermediate
consumption
14.904
Other16.723
Interest3.839
Depreciation5.046
Social
benefits
38.132
Compensation
of employees
24.644
Table 1 General Government transactions: revenue, expenditure and deficit
          €million
DescriptionESA2010 code201520162017201820192020
General Government transactions
RevenueTR70,97173,70876,92583,08488,13284,528
Taxes and social contributionsD2 + D5 + D91 + D6162,88465,75169,40575,17480,51177,963
TaxesD2 + D5 + D9150,75052,81455,71460,54964,67762,289
Social contributions D6112,13412,93813,69114,62515,83415,674
Sales of goods and servicesP1O4,6064,6174,6374,9284,9104,180
Investment incomeD42,7211,8261,7791,5441,6071,160
Current transfer revenue (excluding taxes)D7451512660865644688
Capital transfer revenue (excluding taxes)D9N3101,001444573461537
  
ExpenditureTE76,35675,80578,19883,02387,060103,288
ExpenseExpense75,32574,26776,84180,43183,46199,245
Compensation of employeesD119,39419,94521,11222,12423,43524,644
Use of goods and services plus taxes payableP2 + D5 + D299,56010,08310,44811,21612,63414,904
Depreciation (Consumption of fixed capital)P51c3,6183,8634,1044,3744,7375,046
Interest (excluding FISIM)D416,9396,2645,9065,3184,6323,839
SubsidiesD31,7881,7681,8141,9481,7336,088
Social benefitsD62 + D63227,93327,93328,57929,39730,64438,132
Other current transfersD72,5962,9663,1733,7973,7524,366
Capital transfersD93,4961,4451,7042,2571,8952,225
  
 Net operating balanceNOB-4,353-559852,6534,670-14,717
  
Net acquisition of non-financial assetsP5 + NP - P51c1,0311,5381,3572,5923,5994,043
           
 General Government Surplus/DeficitB9-5,384-2,097-1,273611,072-18,760
           
 General Government Surplus/Deficit (% of GDP) -2.0-0.8-0.40.00.3-5.0
 General Government Surplus/Deficit (% of GNI*) -3.3-1.2-0.70.00.5-9.0
 GDP at current market prices 262,800270,058296,925326,043356,526372,869
 GNI* 162,605174,776185,125197,820215,555208,178
Table 2 General Government: detailed classification of revenue and output
           €million
DescriptionESA2010 code201520162017201820192020
Total RevenueTR70,97173,70876,92583,08488,13284,528
 Taxes and social contributions62,88465,75169,40575,17480,51177,963
  TaxesD2 + D5 + D9150,75052,81455,71460,54964,67762,289
   Indirect taxes (taxes on production and imports)D222,48623,47124,64925,74427,52024,216
    Taxes on productsD2119,32620,57521,39222,15023,91321,354
    of which Value-Added TaxD21111,83112,60313,06014,17515,28112,630
    Other taxes on production D293,1602,8963,2573,5933,6072,862
   Direct taxesD527,86328,93230,61634,28736,62637,567
    Taxes on income, profits and capital gainsD5126,59927,89329,60133,29135,64636,602
    Other current direct taxesD591,2631,0391,016996980966
   Capital taxesD91401411448518531505
  Social contributions D6112,13412,93813,69114,62515,83415,674
   Actual social contributionsD611 + D6139,99210,48011,08612,08513,14012,822
    PRSI receipts D611 + D613(pt)8,5279,2489,83410,64911,70211,334
    Government employees' pension contributionsD613(pt)1,4651,2311,2511,4351,4371,487
   Employers' imputed social contributionsD6122,1422,4582,6052,5412,6942,853
 Sales of goods and servicesP1O4,6064,6174,6374,9284,9104,180
  Sales of market establishments (= market output)P11000000
  Imputed sales related to production of own-use capital assets (= output for own final use)P12212122222323
Incidental sales and fees of non-market establishmentsP1314,5864,5974,6164,9064,8874,157
Investment incomeD42,7211,8261,7791,5441,6071,160
Interest (excluding FISIM)D4168225114217913984
DividendsD421,9321,4681,5321,2521,3961,006
Current transfer revenueD39 + D7451512660865644688
SubsidiesD39000000
Other current transfersD7451512660865644688
Non-life insurance claimsD7281717171717
Other Domestic - Current D7N_S1261306353408464615
From Rest of World - CurrentD7N_S218218929043916356
Capital transfer revenueD9N3101,001444573461537
            
Output P132,57233,89135,66537,71540,80644,595
Market output (sales of market establishments)P11000000
Output for own final useP12212122222323
Non-market outputP1332,55233,87035,64337,69340,78344,572
= Non-market compensation of employeesD1_nonmarket19,37419,92421,09022,10323,41224,622
= Total compensation of employeesD119,39419,94521,11222,12423,43524,644
- Compensation of employees of market establishmentsD1_market      
- Compensation related to production of own-use capital assetsD1_own-use-21-21-22-22-23-23
+ Non-market intermediate consumptionP2_nonmarket9,56010,08310,44811,21612,63414,904
= Total intermediate consumptionP29,56010,08310,44811,21612,63414,904
- Intermediate consumption of market establishmentsP2_market000000
- Intermediate consumption related to production of own-use capital assetsP2_own-use      
+ Non-market consumption of fixed capitalP51c_nonmarket3,6183,8634,1044,3744,7375,046
= Total consumption of fixed capitalP51c3,6183,8634,1044,3744,7375,046
- Consumption of fixed capital by market establishmentsP51c_market000000
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use      
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 3 General Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201520162017201820192020
Total ExpenditureTE76,35675,80578,19883,02387,060103,288
Expense75,32574,26776,84180,43183,46199,245
Compensation of employeesD119,39419,94521,11222,12423,43524,644
Of which: Related to production of own-use capital assets212122222323
Use of goods and services plus taxes payableP2 + D5 + D299,56010,08310,44811,21612,63414,904
Use of goods and services [Intermediate consumption]P29,56010,08310,44811,21612,63414,904
Of which: Intermediate consumption of market establishments 000000
Taxes, payableD5000000
Depreciation (Consumption of fixed capital)P51c3,6183,8634,1044,3744,7375,046
Of which: Depreciation by market establishments 000000
Interest (excluding FISIM)D416,9396,2645,9065,3184,6323,839
Other domestic interest payableD41_S12,5422,3562,2081,9231,6291,825
Interest payable to rest of worldD41_S24,3973,9083,6983,3953,0032,015
SubsidiesD31,7881,7681,8141,9481,7336,088
Product subsidiesD318649099309939881,186
Other subsidies on productionD399248588849547454,901
Social benefitsD62 + D63227,93327,93328,57929,39730,64438,132
Social benefits in cashD6223,09522,82923,03223,37124,17731,393
Social benefits in kind (via market producers)D6324,8385,1055,5486,0266,4676,739
Other current transfersD72,5962,9663,1733,7973,7524,366
Net non-life insurance premiumsD71556666697782
Current international cooperationD74473451509541531510
Miscellaneous current transfersD755615988668138701,164
VAT and GNI based EU budget contributionD761,5071,8511,7312,3742,2732,610
VAT-based EU own resourcesD761215219262245278275
GNI-based EU own resourcesD7621,2921,6321,4702,1291,9962,335
Capital transfersD93,4961,4451,7042,2571,8952,225
Investment grantsD921,3051,4431,6672,0151,8752,129
Other capital transfersD992,1912372422196
Net acquisition of non-financial assetsP5 + NP - P51c1,0311,5381,3572,5923,5994,043
= Gross investment in non-financial assetsP5 + NP4,6495,4015,4616,9668,3369,089
Gross fixed capital formationP514,5895,3415,5066,9068,4169,029
Net acquisition of stocksP52606060606060
Net acquisition of unproduced assetsNP00-1050-1400
- Consumption of fixed capitalP51c-3,618-3,863-4,104-4,374-4,737-5,046
Net expenditure on current goods and servicesP3 excl. D63227,96629,27331,02732,78735,89640,415
= OutputP132,57233,89135,66537,71540,80644,595
- Sales of goods and services P11+P12+P131-4,606-4,617-4,637-4,928-4,910-4,180
Market output (sales of market establishments)P11000000
Output for own final useP12-21-21-22-22-23-23
Incidental sales and fees of non-market establishmentsP131-4,586-4,597-4,616-4,906-4,887-4,157
Final consumption expenditureP332,80334,37836,57538,81342,36347,154
= Net expenditure on current goods and servicesP3 excl. D63227,96629,27331,02732,78735,89640,415
+ Social transfers in kind via market producers D6324,8385,1055,5486,0266,4676,739
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)21,79122,83524,50225,99128,44931,667
Social transfers in kind (via market producers)D6324,8385,1055,5486,0266,4676,739
Social transfers in kind (provided directly by government)D63116,95317,73018,95519,96521,98324,927
Collective consumption (= actual final consumption of government)P3211,01311,54312,07212,82213,91415,487
Total social transfersD62 + D6344,88645,66347,53449,36252,62763,060
Social benefits in cashD62 23,09522,82923,03223,37124,17731,393
 Social transfers in kind (= individual consumption)D6321,79122,83524,50225,99128,44931,667
Table 4 Central Government transactions: revenue, expenditure, financing and deficit
          €million
DescriptionESA2010 code201520162017201820192020
Central Government transactions       
RevenueTR68,19470,76473,84979,78684,83982,040
Taxes and social contributionsD2 + D5 + D91 + D6161,16164,05567,67473,35578,70976,872
TaxesD2 + D5 + D9149,36151,46054,33559,11363,21861,556
Social contributions D6111,80012,59513,33914,24315,49115,316
Sales of goods and servicesP1O3,8363,7563,7463,9503,8383,147
Investment incomeD42,7351,8671,8151,5781,6701,224
Current transfer revenue (excluding taxes)D7393446586781560624
Capital transfer revenue (excluding taxes)D9N696402812262173
  
ExpenditureTE73,94873,04075,21979,80183,295100,441
ExpenseExpense72,32870,92373,55477,49980,59597,118
Compensation of employeesD117,71018,22019,36920,31121,51722,633
Use of goods and services plus taxes payableP2 + D5 + D297,7758,1868,6619,37910,64412,595
Depreciation (Consumption of fixed capital)P51c1,8001,9592,1282,3352,5992,874
Interest (excluding FISIM)D416,9226,2565,9015,3124,6253,832
SubsidiesD31,7881,7681,8141,9481,7336,088
Social benefitsD62 + D63227,33027,30827,79228,39929,46836,769
Other current transfersD74,2204,7525,1036,0516,2678,406
Capital transfersD94,7822,4752,7863,7643,7443,921
  
 Net operating balanceNOB-4,134-1592952,2874,244-15,077
  
Net acquisition of non-financial assetsP5 + NP - P51c1,6202,1171,6642,3022,7003,324
  
 Central Government Surplus/DeficitB9-5,754-2,276-1,369-141,544-18,401
Table 5 Central Government: detailed classification of revenue and output
           €million
DescriptionESA2010 code201520162017201820192020
Total RevenueTR68,19470,76473,84979,78684,83982,040
 Taxes and social contributions61,16164,05567,67473,35578,70976,872
  TaxesD2 + D5 + D9149,36151,46054,33559,11363,21861,556
   Indirect taxes (taxes on production and imports)D221,09822,11723,27024,30726,06123,484
    Taxes on productsD2119,32620,57521,39222,15023,91321,354
    of which Value-Added TaxD21111,83112,60313,06014,17515,28112,630
    Other taxes on production D291,7721,5421,8782,1572,1482,130
   Direct taxesD527,86328,93230,61634,28736,62637,567
    Taxes on income, profits and capital gainsD5126,59927,89329,60133,29135,64636,602
    Other current direct taxesD591,2631,0391,016996980966
   Capital taxesD91401411448518531505
  Social contributions D6111,80012,59513,33914,24315,49115,316
   Actual social contributionsD611 + D6139,86810,37410,98611,93613,05812,736
    PRSI receipts D611 + D613(pt)8,5279,2489,83410,64911,70211,334
    Government employees' pension contributionsD613(pt)1,3401,1261,1521,2871,3551,401
   Employers' imputed social contributionsD6121,9322,2222,3532,3072,4332,580
 Sales of goods and servicesP1O3,8363,7563,7463,9503,8383,147
  Sales of market establishments (= market output)P11000000
  Imputed sales related to production of own-use capital assets (= output for own final use)P12212122222323
Incidental sales and fees of non-market establishmentsP1313,8153,7353,7243,9283,8153,125
Investment incomeD42,7351,8671,8151,5781,6701,224
Interest (excluding FISIM)D41696292178213203147
 of which received from local governmentD41_LG517364598084
DividendsD421,9321,4681,5321,2521,3961,006
Current transfer revenueD39 + D7393446586781560624
SubsidiesD39000000
Other current transfersD7393446586781560624
Non-life insurance claimsD7281717171717
Grants from local governmentD73334455
Other Domestic - Current D7N_S1201237275321375547
From Rest of World - CurrentD7N_S218218929043916356
Capital transfer revenueD9N696402812262173
            
Output P127,28528,36530,15832,02534,76038,102
Market output (sales of market establishments)P11000000
Output for own final useP12212122222323
Non-market outputP1327,26428,34430,13732,00434,73738,079
= Non-market compensation of employeesD1_nonmarket17,68918,19919,34820,29021,49422,610
= Total compensation of employeesD117,71018,22019,36920,31121,51722,633
- Compensation of employees of market establishmentsD1_market000000
- Compensation related to production of own-use capital assetsD1_own-use-21-21-22-22-23-23
+ Non-market intermediate consumptionP2_nonmarket7,7758,1868,6619,37910,64412,595
= Total intermediate consumptionP27,7758,1868,6619,37910,64412,595
- Intermediate consumption of market establishmentsP2_market000000
- Intermediate consumption related to production of own-use capital assetsP2_own-use000000
+ Non-market consumption of fixed capitalP51c_nonmarket1,8001,9592,1282,3352,5992,874
= Total consumption of fixed capitalP51c1,8001,9592,1282,3352,5992,874
- Consumption of fixed capital by market establishmentsP51c_market000000
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use000000
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 6 Central Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201520162017201820192020
Total ExpenditureTE73,94873,04075,21979,80183,295100,441
Expense72,32870,92373,55477,49980,59597,118
Compensation of employeesD117,71018,22019,36920,31121,51722,633
Of which: Related to production of own-use capital assets212122222323
Use of goods and services plus taxes payableP2 + D5 + D297,7758,1868,6619,37910,64412,595
Use of goods and services [Intermediate consumption]P27,7758,1868,6619,37910,64412,595
Of which: Intermediate consumption of market establishments 000000
Taxes, payableD5000000
Depreciation (Consumption of fixed capital)P51c1,8001,9592,1282,3352,5992,874
Of which: Depreciation by market establishments 000000
Interest (excluding FISIM)D416,9226,2565,9015,3124,6253,832
Other domestic interest payableD41_S12,5252,3472,2031,9181,6221,817
Interest payable to rest of worldD41_S24,3973,9083,6983,3953,0032,015
SubsidiesD31,7881,7681,8141,9481,7336,088
Product subsidiesD318649099309939881,186
Other subsidies on productionD399248588849547454,901
Social benefitsD62 + D63227,33027,30827,79228,39929,46836,769
Social benefits in cashD6222,73022,52722,72123,02323,82531,032
Social benefits in kind (via market producers)D6324,6004,7825,0715,3765,6425,737
Other current transfersD74,2204,7525,1036,0516,2678,406
Net non-life insurance premiumsD71556666697782
Current grants to local governmentD73 _LG1,6571,8171,9682,3142,5384,150
Current international cooperationD74473451509541531510
Miscellaneous current transfersD755295678297538481,055
VAT and GNI based EU budget contributionD761,5071,8511,7312,3742,2732,610
VAT-based EU own resourcesD761215219262245278275
GNI-based EU own resourcesD7621,2921,6321,4702,1291,9962,335
Capital transfersD94,7822,4752,7863,7643,7443,921
 Capital grants to local governmentD9_LG1,3001,0541,1501,6842,0082,088
Investment grantsD921,2921,4201,5991,8381,7151,737
Other capital transfersD992,1912372422196
        
Net acquisition of non-financial assetsP5 + NP - P51c1,6202,1171,6642,3022,7003,324
= Gross investment in non-financial assetsP5 + NP3,4204,0763,7924,6375,2996,198
Gross fixed capital formationP513,4204,0163,8374,5775,3796,138
Net acquisition of stocksP52606060606060
Net acquisition of unproduced assetsNP-600-1050-1400
- Consumption of fixed capitalP51c-1,800-1,959-2,128-2,335-2,599-2,874
            
Net expenditure on current goods and servicesP3 excl. D63223,44924,60926,41228,07630,92234,954
= OutputP127,28528,36530,15832,02534,76038,102
- Sales of goods and services P11+P12+P131-3,836-3,756-3,746-3,950-3,838-3,147
Market output (sales of market establishments)P11000000
Output for own final useP12-21-21-22-22-23-23
Incidental sales and fees of non-market establishmentsP131-3,815-3,735-3,724-3,928-3,815-3,125
            
Final consumption expenditureP328,04929,39131,48333,45236,56440,692
= Net expenditure on current goods and servicesP3 excl. D63223,44924,60926,41228,07630,92234,954
+ Social transfers in kind via market producers D6324,6004,7825,0715,3765,6425,737
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)20,31321,26322,75524,12426,45229,110
Social transfers in kind (via market producers)D6324,6004,7825,0715,3765,6425,737
Social transfers in kind (provided directly by government)D63115,71216,48217,68318,74920,81023,372
Collective consumption (= actual final consumption of government)P327,7368,1278,7299,32710,11211,582
            
Total social transfersD62 + D6343,04243,79045,47547,14750,27760,141
Social benefits in cashD62 22,73022,52722,72123,02323,82531,032
 Social transfers in kind (= individual consumption)D6320,31321,26322,75524,12426,45229,110
Table 7 Local Government transactions: revenue, expenditure, financing and deficit
          €million
DescriptionESA2010 code201520162017201820192020
Local Government transactions       
RevenueTR5,8015,9026,2817,3907,9608,848
Taxes and social contributionsD2 + D5 + D91 + D611,7231,6971,7311,8191,8021,091
TaxesD2 + D5 + D911,3891,3541,3791,4371,459733
Social contributions D61334343352383343358
Sales of goods and servicesP1O7708618919781,0721,033
Investment incomeD4373229251620
Current transfer revenue (excluding taxes)D71,7171,8852,0452,4012,6264,218
Capital transfer revenue (excluding taxes)D9N1,5541,4271,5842,1672,4442,486
  
ExpenditureTE5,4315,7236,1847,3148,4329,207
ExpenseExpense6,0206,3016,4917,0247,5338,488
Compensation of employeesD11,6841,7251,7431,8131,9182,012
Use of goods and services plus taxes payableP2 + D5 + D291,7851,8971,7871,8371,9912,309
Depreciation (Consumption of fixed capital)P51c1,8181,9041,9772,0392,1382,172
Interest (excluding FISIM)D41688270648691
SubsidiesD3000000
Social benefitsD62 + D6326036257879981,1761,363
Other current transfersD73633416427115
Capital transfersD9263687208197426
  
 Net operating balanceNOB-219-399-210366427360
  
Net acquisition of non-financial assetsP5 + NP - P51c-589-579-307290899719
           
 Local Government Surplus/DeficitB93701809776-472-359
Table 8 Local Government: detailed classification of revenue and output
           €million
DescriptionESA2010 code201520162017201820192020
Total RevenueTR5,8015,9026,2817,3907,9608,848
 Taxes and social contributions1,7231,6971,7311,8191,8021,091
  TaxesD2 + D5 + D911,3891,3541,3791,4371,459733
   Indirect taxes (taxes on production and imports)D21,3891,3541,3791,4371,459733
   Other taxes on production D291,3891,3541,3791,4371,459733
   Capital taxesD91000000
  Social contributions D61334343352383343358
   Actual social contributionsD611 + D613125106991498286
   Employers' imputed social contributionsD612209237252234261272
 Sales of goods and servicesP1O7708618919781,0721,033
  Sales of market establishments (= market output)P11000000
  Imputed sales related to production of own-use capital assets (= output for own final use)P12000000
Incidental sales and fees of non-market establishmentsP1317708618919781,0721,033
Investment incomeD4373229251620
Interest (excluding FISIM)D41373229251620
in which received from Central GovernmentD41_CG000000
DividendsD42000000
Current transfer revenueD39 + D71,7171,8852,0452,4012,6264,218
SubsidiesD39000000
Other current transfersD71,7171,8852,0452,4012,6264,218
Grants from central governmentD731,6571,8171,9682,3142,5384,150
Other Domestic - Current D7N_S1616978878968
Capital transfer revenueD9N1,5541,4271,5842,1672,4442,486
  Grants from central governmentD9N_CG1,3001,0541,1501,6842,0082,088
  Other capital transfers receivableD99254373434483436398
            
Output P15,2875,5265,5065,6906,0466,493
Market output (sales of market establishments)P11000000
Output for own final useP12000000
Non-market outputP135,2875,5265,5065,6906,0466,493
= Non-market compensation of employeesD1_nonmarket1,6841,7251,7431,8131,9182,012
= Total compensation of employeesD11,6841,7251,7431,8131,9182,012
- Compensation of employees of market establishmentsD1_market000000
- Compensation related to production of own-use capital assetsD1_own-use000000
+ Non-market intermediate consumptionP2_nonmarket1,7851,8971,7871,8371,9912,309
= Total intermediate consumptionP21,7851,8971,7871,8371,9912,309
- Intermediate consumption of market establishmentsP2_market000000
- Intermediate consumption related to production of own-use capital assetsP2_own-use000000
+ Non-market consumption of fixed capitalP51c_nonmarket1,8181,9041,9772,0392,1382,172
= Total consumption of fixed capitalP51c1,8181,9041,9772,0392,1382,172
- Consumption of fixed capital by market establishmentsP51c_market000000
- Consumption of fixed capital related to production of own-use capital assetsP51c_own-use000000
+ Other taxes on production, payable D29_pay000000
  - Other subsidies on production, receivableD39_rec000000
Table 9 Local Government: detailed classification of expenditure and consumption
       €million
DescriptionESA2010 code201520162017201820192020
Total ExpenditureTE5,4315,7236,1847,3148,4329,207
Expense6,0206,3016,4917,0247,5338,488
Compensation of employeesD11,6841,7251,7431,8131,9182,012
Of which: Related to production of own-use capital assets000000
Use of goods and services plus taxes payableP2 + D5 + D291,7851,8971,7871,8371,9912,309
Use of goods and services [Intermediate consumption]P21,7851,8971,7871,8371,9912,309
Of which: Intermediate consumption of market establishments 000000
Taxes, payableD5 + D29000000
Depreciation (Consumption of fixed capital)P51c1,8181,9041,9772,0392,1382,172
Of which: Depreciation by market establishments 000000
Interest (excluding FISIM)D41688270648691
Interest payable to central governmentD41_CG517364598084
Other domestic interest payableD41_S11795577
SubsidiesD3000000
Social benefitsD62 + D6326036257879981,1761,363
Social benefits in cashD62366302311348352362
Social benefits in kind (via market producers)D6322373234766508241,002
Other current transfersD73633416427115
Grants to central governmentD73_CG334455
Miscellaneous current transfersD753330376022110
Capital transfersD9263687208197426
Investment grantsD92132468176160392
        
Net acquisition of non-financial assetsP5 + NP - P51c-589-579-307290899719
= Gross investment in non-financial assetsP5 + NP1,2291,3251,6702,3293,0372,891
Gross fixed capital formationP511,1691,3251,6702,3293,0372,891
Net acquisition of stocksP52000000
Net acquisition of unproduced assetsNP6000000
- Consumption of fixed capitalP51c-1,818-1,904-1,977-2,039-2,138-2,172
            
Net expenditure on current goods and servicesP3 excl. D6324,5174,6644,6154,7114,9745,460
= OutputP15,2875,5265,5065,6906,0466,493
- Sales of goods and services P11+P12+P131-770-861-891-978-1,072-1,033
Market output (sales of market establishments)P11000000
Output for own final useP12000000
Incidental sales and fees of non-market establishmentsP131-770-861-891-978-1,072-1,033
            
Final consumption expenditureP34,7544,9875,0915,3615,7996,462
= Net expenditure on current goods and servicesP3 excl. D6324,5174,6644,6154,7114,9745,460
+ Social transfers in kind via market producers D6322373234766508241,002
made up of      
Individual consumption (= social transfers in kind)P31 (= D63)1,4781,5711,7481,8671,9982,557
Social transfers in kind (via market producers)D6322373234766508241,002
Social transfers in kind (provided directly by government)D6311,2411,2491,2711,2161,1731,555
Collective consumption (= actual final consumption of government)P323,2763,4163,3443,4953,8013,905
            
Total social transfersD62 + D631,8441,8732,0582,2152,3502,918
Social benefits in cashD62 366302311348352362
 Social transfers in kind (= individual consumption)D631,4781,5711,7481,8671,9982,557

Background Notes

Introduction

This release comprises the latest official dissemination by CSO of annual Government Income and Expenditure (GIE) results for 2015 to 2020. The data in this release are consistent with the Government Finance Statistics (GFS) 2021 Q1 release (to be published on 21 July 2021) and the National Income and Expenditure 2020 publication of 15 July 2021.

The tables provide detailed revenue and expenditure data for general government and its two subsectors, central and local government.  A full time series of general government data back to 2000 are available on CSO PxStat. The full suite of GFS publications are available on the CSO website.

Data back to 1995 for all EU Member States are available on Eurostat’s database.  

 

Updates to general government deficit/surplus since EDP

Compensation of employees (D.1): Continuing with the previous developments of processes and data sources, further amendments have been made to the compilation of the components of D.1 for General Government (2011-2020). 

These include:

  • Fully incorporating the register of public sector bodies into the CSO’s Business Register. This includes a correction of the classification of VEC’s from central to local government (2011–2014) and the inclusion of NAMA and other entities – see Register of public sector bodies (2020).
  • The methodology for calculating employer imputed pension contributions (D.1221) (2011–2020) has been updated following the publication of the Estimates of Irish Pension Liabilities earlier this year. This aligns the methodologies and data sources and has resulted in an increase in the estimate of D.1221 (and therefore D.1).

Social contributions (D.61): The presentation of the components has been updated, with  ‘Government employees' social contributions’ (D.613)(pt) re-labelled as ‘Government employee pension contributions’. This had previously included an element of  PRSI contributions and has now been amended.

Depreciation (P.51c): Revisions have been made to the P.51c data due to the availability of additional data. These revisions are in line with the latest National Income and Expenditure Accounts published on 15 July 2021. 

Reclassification of local authority housing rent as non market output

To date the provision of local authority housing was treated as a market output. This meant that the difference between the differential rent paid by the tenant and a market rent was calculated and included as P.11 (market output), with a corresponding imputed expenditure D.632 (social benefit in kind). However, Approved Housing Bodies (AHB) reclassified into the local government sector are considered as non-market producers, with no imputed rent calculation made.

On review, this approach was deemed not appropriate and thus a decision has been made to treat the local authority housing output as non-market. This ensures consistency with AHBs. This determination means that there is no longer an imputed D.632 expenditure related to local authority rent. Local authority rent payments are now recorded as P.131 (incidental sales and fees of non-market establishments). This methodology has been applied from 1995.

Transactions of note 2020

COVID-19 

In addition to the direct expenditure measures included above earlier, other measures had an implicit impact on the GFS aggregates:

  • Commercial rates for businesses impacted as a result of the public health restrictions were waived for an initial 3-month period, later extended to the end of the year. D.29 tax revenue is therefore lower than otherwise. The cost to local authorities is met by the Exchequer, resulting in an intra-government transfer between central government and local government.
  • The Ireland Strategic Investment Fund will invest up to €2 billion of its existing portfolio, through a new sub-portfolio - pandemic stabilisation and recovery fund – in medium and large enterprises.
  • The ECB has made a recommendation to all euro-area banks that dividends are not paid to shareholders. The State has a shareholding in both AIB and Bank of Ireland and, as a result of the recommendation, D.42 (dividend revenue) is lower than last year. Other dividend receipts were also lower.
  • Ireland, and other EU Member States, have provided guarantees to the temporary Support to mitigate Unemployment Risks in an Emergency (SURE) and Pan European Guarantee Fund. These are included as contingent liabilities.
  • Employers affected by trading restrictions can avail of an arrangement to ‘warehouse’ VAT and employer PAYE liabilities incurred during the period. The accrual concept in ESA 2010 would require that such receipts, once paid, are recorded in 2020. Using preliminary information provided by the Revenue Commissioner €874 million has been accrued to 2020. The accrual adjustment will be kept under review as new information becomes available.

Other Transactions of note during 2020

Super dividend: In Q2 2020 the exchequer received a super dividend of €1,228 million from the Central Bank of Ireland.

Changes to the Register of Public Bodies.

The Register of public sector bodies (2020) was published in April and forms the basis for the general government sector. This update saw the inclusion of NAMA, the Insurance Compensation Fund and further approved housing bodies. Details were included in the background notes accompanying the April 2021 GFS Publication.

GDP and GNI* figures used in publication

The GDP and GNI* figures used in the current publication are consistent with those published in the latest National Income and Expenditure Accounts 2020 on 15 July 2021.

Government Finance Statistics – concepts and definitions

GFS form the basis for fiscal monitoring in Europe, in particular in relation to the Excessive Deficit Procedure (EDP).

European GFS, including EDP statistics, are produced according to the legally binding accounting rules of the European System of Accounts (ESA2010). The Manual on Government Debt and Deficit (MGDD) provides further guidance on the implementation of ESA 2010 in the context of GFS.

EU Member States are required to report government deficit/surplus and debt data biannually under the EDP - before 1 April and 1 October in year N, for years N-4 to N-1 calendar years, as well as a forecast for the current year. The data are reported in harmonised tables, which provide a consistent framework for the presentation of this data by Member States. The tables provide a structure for linking national budgetary aggregates with government deficit and debt.

In addition to the EDP transmission programme, detailed statistics on government revenue and expenditure are also provided to Eurostat under the ESA transmission programme.

These data are available on the Eurostat website.

Definition of general government and its subsectors

The general government sector of the economy, is defined in ESA2010 paragraph 2.111: as “institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth”. General government comprises the sub-sectors central government (S.1311), state government (S.1312 – which does not apply in Ireland), local government (S.1313), and social security funds (S.1314 – which does not apply in Ireland). See the latest Register of public sector bodies (2020).

General government deficit/surplus (GG deficit/surplus) is the standard European measure of the fiscal balance, which is used to monitor compliance with the Stability and Growth Pact.

This measure is by definition equal to both Total revenue (TR) less Total expenditure (TE) (Table 1), and Net acquisition of financial assets less Net incurrence of liabilities. In order to respect this accounting identity, a technical adjustment is made to the level of transactions recorded in liability category F32 (long-term debt securities) to eliminate any statistical discrepancy between the two approaches to the calculation of GG deficit/surplus. This adjustment has no impact on Gross debt, Net debt or Net worth.

Detailed codes and technical definitions can be seen in the ESA 2010 manual.

A listing of some of the main items included in this release is shown below.

Main components of general government expenditure and revenue

P.1 Total output of government is equal to market output, own account capital formation, and non-market output (i.e. the sum of D.1+P.2+P51c). The market output referred to in this publication is the imputed market value of social housing rented dwellings.

P.2 Intermediate consumption – value of goods and services used in the process of production, excluding fixed assets.

P.3 Final consumption expenditure of government is equal to the total of its output (P.1) plus the expenditure on products/services supplied to households via market producers minus the sales of goods and services (at both market and non-market prices). This is made up of individual non-market services plus collective non-market services (P.31 and P.32).

P.5 Gross capital formation.

P.51g Gross fixed capital formation - acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realised by productive activity. Fixed assets are tangible or intangible assets produced as outputs from processes of production that are themselves used repeatedly, or continuously, in processes of production for more than one year.

P.51c Consumption of fixed capital - the amount of fixed assets used up, during the period under consideration, as a result of normal wear and tear and foreseeable obsolescence, including a provision for losses of fixed assets as a result of accidental damage which can be insured against.

P.52 Changes in inventories.

P.53 Acquisitions less disposals of valuables.

D.1 Compensation of employees (Pay) - the total remuneration of government employees.

D.21    Taxes on products are taxes that are payable per unit of a given good or service produced or transacted. Included in this is customs and excise taxes and VAT. To accrue this data the cash receipts are time adjusted. Customs and excise taxes are time adjusted by 1 month and VAT is time adjusted by 2 months. For example Q1 VAT is March, April, May cash receipts.

D.29 Other taxes on production (payable) all taxes that enterprises incur as a result of engaging in production, independently of the quantity or value of the goods and services produced or sold. These include taxes on use or ownership of land or buildings, taxes on use of fixed assets, taxes on total wage bill and payroll, taxes on international transactions related to production.

D.3 Subsidies (payable) - current unrequited payments which general government or the institutions of the European Union make to resident producers, with the objective of influencing their levels of production, their prices or the remuneration of the factors of production.

D.4 Property income accrues when the owners of financial assets and natural resources put them at the disposal of other units of the economy. The income payable for the use of financial assets is called investment income, while that payable for the use of a natural resource is called rent. Property income is the sum of investment income and rent.

D.41 Interest receivable by the owners of a financial asset for putting it at the disposal of another institutional unit. Applies to deposits (AF.2), debt securities (AF.3), loans (AF.4) and other accounts payable (AF.8).

D.42 Dividends receivable by the owners of share equities. Dividends exclude "super dividends" which arise where the dividend paid is large relative to the recent level of dividends and earnings. Super dividends are recorded as withdrawal of equity (F.5). This arises, for example, in the case of dividends paid by the Central Bank.

D.45 Rent of a natural resource – income receivable by the owner of a natural resource for putting the resource at the disposal of another party.

D.5 Current taxes on income, wealth, etc., (payable) - all compulsory, unrequited payments, in cash or in kind, levied periodically by general government and by the rest of the world on the income and wealth of units in the economy, and some periodic taxes which are assessed neither on income nor wealth.

D.6 Social contributions - transfers to households, in cash or in kind, intended to relieve them from the financial burden of a number of risks or needs.

D.7 Other current transfers – includes VAT and GNI based EU budget contributions, current transfers between subsectors of government, current international co-operation and current transfers to households and non-profit institutions.

D.9 Capital transfers - involve the acquisition or disposal of an asset, or assets, by at least one of the parties to the transaction. Includes capital taxes and investment grants.

 

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