The State; government sector, ESA accounts, 1996 - 2010

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Description topics

Total current and capital expenditures

Total expenditures of the current and capital account. The European
System of Accounts 1995 describes the economy as a series of coherent
economic partial processes. These partial processes include: production,
generating of income, distribution of income, income expenditures,
reallocation by capital transfers, generating of capital and financing.
Each partial process is described by a separate account. The current
account includes transactions related to production, generating of
income, distribution of income, income expenditure. The capital account
includes (dis)investments and capital transfers.

Total current and capital revenues

Total revenues of the current and capital account. The European System of
Accounts 1995 describes the economy as a series of coherent economic
partial processes. These partial processes include: production, generating
of income, distribution of income, income expenditures, reallocation by
capital transfers, generating of capital and financing. Each partial
process is described by a separate account. The current account includes
transactions related to production, generating of income, distribution of
income, income expenditure. The capital account includes (dis)investments
and capital transfers.

Balance current and capital account

Balance of the current account and the capital account. The European
System of Accounts 1995 describes the economy as a series of coherent
economic partial processes. These partial processes include: production,
generating of income, distribution of income, income expenditures,
reallocation by capital transfers, generating of capital and financing.
Each partial process is described by a separate account. The current
account includes transactions related to production, generating of income,
distribution of income, income expenditure. The capital account includes
(dis)investments and capital transfers. As total expenditures usually does
not equal revenues, a balancing item is included.

Current account

The European System of Accounts 1995 describes the economy as a series of
coherent economic partial processes. These partial processes include:
production, generating of income, distribution of income, income
expenditures, reallocation by capital transfers, generating of capital and
financing. Each partial process is described by a separate account.
The current account includes transactions related to production,
generating of income, distribution of income, income expenditure.

Expenditures

Wages, salaries and social contributions

Wages and salaries include compensations to employees for labour, which
are paid by the employer, including wage tax deducted by the employer and
the social contributions paid by employees. Social contributions include
the employer-paid contributions for social security, e.g. contributions to
retirement and unemployment schemes.

Rent and concessions

Rent is the compensation for the use of land and inland waterways.
Concessions provide the right to extract minerals (petroleum, natural gas,
sand, gravel and marl).

Taxes paid on production and imports

Obligatory payments, in cash or kind, imposed by the government or
institutions of the European Union in relation to the production process
or import of goods and services, the employment of personnel and the
ownership or the use of land, buildings or other assets that can be used
in the production process. These taxes are payable irrespective of the
profits made. The taxes are paid mainly to municipalities by the State
(property taxes, sewage charges) and water boards (levies on water
pollution).

Revenues

Interest from outstanding debts

Interest is compensation for making available financial assets.

Taxes on production and imports

Obligatory payments, in cash or kind, imposed by the government or
institutions of the European Union in relation to the production process
or import of goods and services, the employment of personnel and the
ownership or the use of land, buildings or other assets that can be used
in the production process. These taxes are payable irrespective of the
profits made. Examples: turnover tax, excises, conveyance tax, insurance
tax.

Taxes on income and wealth

Direct taxes on individual income and wealth, commercial profits and
dividends paid to other countries, e.g. income tax, wage tax, dividend
tax, wealth tax and company tax.

Capital account

The European System of Accounts 1995 describes the economy as a series of
coherent economic partial processes. These partial processes include:
production, generating of income, distribution of income, income
expenditures, reallocation by capital transfers, generating of capital and
financing. Each partial process is described by a separate account. The
capital account includes (dis)investments and capital transfers.

Expenditures

Investments

Goods purchased by or produced by the State on its own, intended for use
in the production process, but not or only partly used in a particular
period. Included are goods with a lifetime of more than one year (e.g.
buildings, houses, machinery, vehicles), services directly related to the
product (like cost of preparation, design, supervision and transfer of
property), a limited number of intangible assets (e.g. computer software,
the acquisition of patents), the purchase of valuable assets (antiques and
other art objects) and the purchase of land.

Purchase of land

Purchase of land and redemption of land rent. Land rent is the
compensation for the use of land or building land. By long-leasing, the
government will receive more land rent at renewal, and thus benefit from
the value increase.

Revenues

Sale of land

Sale of land and ether frequencies.

Financial account

The European System of Accounts 1995 describes the economy as a series of
coherent economic partial processes. These partial processes include:
production, generating of income, distribution of income, income
expenditures, reallocation by capital transfers, generating of capital and
financing. Each partial process is described by a separate account. The
financial account includes the changes in the various types of financial
claims and debts.

Changes in assets (net)

Currency and deposits

Cash money, current account relations with banks, fixed deposits with
banks, cash and call money with banks. Fixed deposits are outstanding
claims that cannot be withdrawn directly.

Shares and other equity

Buying and selling of shares including increase or reduction of other
equity. Relates to claims representing ownership rights of
quasi-corporations. The holder is entitled to a share in the profit or the
net property (as a result of liquidation). This transaction only appears
as an asset at the State.