|Seasonal and working day adjustment||Periods||General government Balance general government sector (EMU) (million euros)|
|Original, unadjusted data||2022 1st quarter*||7,068|
|Seasonally and working day adjusted data||2022 1st quarter*||-121|
This table provides an overview of some non-financial transactions and balancing items of the institutional sectors of the Dutch economy. The data is presented both seasonally and working day adjusted and unadjusted. Adjustments for seasonal effects and working day effects assist in the drawing of conclusions on quarter-to-quarter developments and help to reveal trends. The non-seasonally adjusted data are identical to (sums of) the non-consolidated data from the table 'current transactions by sector'. For total government revenue and expenditure the data are identical to sums of consolidated data.
Data available from first quarter 1999.
Status of the figures:
The figures from 1995 up to and including 2019 are final. Data of 2020, 2021 and 2022 are provisional.
Changes as of June 24th, 2022:
Data on the first quarter of 2022 have been added.
Following revision policy, 2020 and 2021 data are updated, and time series of the financial account and balances are revised (annual revision).
Data in the current and capital account of government finance statistics are revised for the time period 1995 onwards. Due to a reclassification, gross profits before taxes for non-financial corporations are also revised.
Dividends in 2019 paid by non-financial corporations to non-financial corporations are revised downwards. Payments to households and the rest of the world are revised upwards.
When will new figures be published?
The first quarterly estimate is available 85 days after the end of each reporting quarter. The first quarter may be revised in September, the second quarter in December. Should further quarterly information become available thereafter, the estimates for the first three quarters may be revised in March. If (new) annual figures become available in June, the quarterly figures will be revised again to bring them in line with the annual figures.
- General government
- The general government sector primarily consists of all entities that exercise national executive, legislative and judiciary powers on a national or regional level. By this they have powers to raise taxes and other compulsory levies and to pass laws affecting the behaviour of economic units. In the Netherlands this concerns the State, municipalities, provinces, public water boards and the like. In the second place general government consists of entities that are controlled and mainly financed by the aforementioned entities, and do not produce for the market. Such entities are often established to carry out specific functions, such as road construction or the non-market production of health, education or research services. In this way, for instance, Prorail and the Open University are counted to the general government.
Government institutions that are active abroad, like embassies, belong to the general government sector as well. On the other hand foreign embassies and international institutions, like Europol and the International Court of Justice, do not belong to the Dutch government.
The Dutch Central Bank (DNB), the Dutch railways (NS), hospitals and power companies are not part of the general government sector. But also some independent governing bodies like the land registry (Kadaster). To some extent they are controlled by the government. However, their goods and services are largely financed through tariffs, and thus it is a case of market production.
The general government sector is split up into three subsectors: central government, local government and social security funds.
The principal economic functions of government are as follows:
- to provide goods and services to the community, either for collective consumption such as public administration, defence, and law enforcement, or individual consumption such as education, health, recreation and cultural services, and to finance their provision out of taxation or other incomes;
- to redistribute income and wealth by means of transfer payments such as taxes and social benefits;
- to engage in other types of non-market production.
- Balance general government sector (EMU)
- Balance between revenue and expenditure of the general government sector, presented as percentage of GDP. In the national accounts this equals net lending/net borrowing of the general government sector.
The balance of the general government sector (or EMU-balance) is an element of the Stability and Growth Pact. A positive figure indicates a surplus; a negative figure indicates a deficit.