Government; Balance and Maastricht debt, sectors

Government; Balance and Maastricht debt, sectors

Institutional sectors Periods Balance and debt (million euros) Structure of balance Balance (million euros) Balance and debt (million euros) Structure of balance Revenue (million euros) Balance and debt (million euros) Structure of balance Expenditure (-) (million euros) Balance and debt (million euros) Maastricht debt (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Change in Maastricht debt (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Deficit (EMU) (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Net acquisition of financial assets (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Transactions in other liabilities (-) (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Valuation effects (million euros) Balance and debt (million euros) Structure of change in Maastricht debt Statistical discrepancy (-) (million euros) Balance and debt (million euros) Contribution to general government debt (million euros) Balance and Maastricht debt (% of GDP) Balance (% of GDP) Balance and Maastricht debt (% of GDP) Maastricht debt (% of GDP) Balance and Maastricht debt (% of GDP) Contribution to general government debt (% of GDP)
General government 2020 4th quarter* -11,065 91,540 -102,605 434,795 -6,133 11,065 -11,888 -3,664 -1,192 -454 434,795 -3.7 54.3 54.3
General government 2020* -29,586 351,586 -381,172 434,795 40,226 29,586 17,654 -5,695 -1,285 -34 434,795 -3.7 54.3 54.3
General government 2021 1st quarter* -2,465 95,019 -97,484 439,245 4,450 2,465 2,206 -1,492 1,286 -15 439,245 -5.2 54.9 54.9
General government 2021 2nd quarter* -9,343 93,780 -103,123 447,132 7,887 9,343 3,356 -1,137 -3,633 -42 447,132 -3.9 54.1 54.1
General government 2021 3rd quarter* -7,615 87,472 -95,087 442,049 -5,083 7,615 -12,377 1,769 -1,311 -779 442,049 -3.6 52.5 52.5
General government 2021 4th quarter* -2,465 100,744 -103,209 448,110 6,061 2,465 8,118 -2,884 -2,510 872 448,110 -2.5 52.1 52.1
General government 2021* -21,888 377,015 -398,903 448,110 13,315 21,888 1,303 -3,744 -6,168 36 448,110 -2.5 52.1 52.1
Central government 2020 4th quarter* -10,037 58,333 -68,370 423,319 -15,177 10,037 -21,192 -2,286 -1,185 -551 396,613 -3.9 52.9 49.6
Central government 2020* -31,437 216,165 -247,602 423,319 46,591 31,437 19,199 -2,683 -1,313 -49 396,613 -3.9 52.9 49.6
Central government 2021 1st quarter* -3,856 63,394 -67,250 432,370 9,051 3,856 11,587 -7,730 1,277 61 397,911 -5.7 54.0 49.7
Central government 2021 2nd quarter* -19,215 49,383 -68,598 454,140 21,770 19,215 10,746 -4,448 -3,633 -110 414,340 -5.0 55.0 50.2
Central government 2021 3rd quarter* -7,682 56,790 -64,472 452,898 -1,242 7,682 -16,542 9,702 -1,311 -773 424,477 -4.8 53.8 50.4
Central government 2021 4th quarter* 247 67,137 -66,890 448,258 -4,640 -247 -2,112 -661 -2,506 886 424,363 -3.5 52.1 49.3
Central government 2021* -30,506 236,704 -267,210 448,258 24,939 30,506 3,679 -3,137 -6,173 64 424,363 -3.5 52.1 49.3
The State 2020 4th quarter* -9,597 55,867 -65,464 428,715 -15,255 9,597 -20,778 -2,268 -1,187 -619 399,435 -3.9 53.6 49.9
The State 2020* -31,530 206,875 -238,405 428,715 47,900 31,530 20,144 -2,410 -1,315 -49 399,435 -3.9 53.6 49.9
The State 2021 1st quarter* -4,256 61,121 -65,377 438,185 9,470 4,256 11,607 -7,731 1,277 61 401,052 -5.7 54.7 50.1
The State 2021 2nd quarter* -19,858 47,009 -66,867 460,568 22,383 19,858 10,754 -4,486 -3,633 -110 418,127 -5.0 55.8 50.6
The State 2021 3rd quarter* -7,590 54,668 -62,258 459,831 -737 7,590 -15,963 9,720 -1,311 -773 428,636 -4.9 54.6 50.9
The State 2021 4th quarter* 859 64,924 -64,065 454,101 -5,730 -859 -2,562 -689 -2,506 886 427,529 -3.6 52.8 49.7
The State 2021* -30,845 227,722 -258,567 454,101 25,386 30,845 3,836 -3,186 -6,173 64 427,529 -3.6 52.8 49.7
Other central government 2020 4th quarter* -440 7,179 -7,619 4,762 -320 440 -742 -86 0 68 -2,822 0.0 0.6 -0.4
Other central government 2020* 93 28,726 -28,633 4,762 -22 -93 778 -708 1 0 -2,822 0.0 0.6 -0.4
Other central government 2021 1st quarter* 400 7,519 -7,119 4,862 100 -400 593 -93 0 0 -3,141 0.0 0.6 -0.4
Other central government 2021 2nd quarter* 643 8,534 -7,891 4,829 -33 -643 619 -9 0 0 -3,787 0.0 0.6 -0.5
Other central government 2021 3rd quarter* -92 7,527 -7,619 4,962 133 92 153 -112 0 0 -4,159 0.1 0.6 -0.5
Other central government 2021 4th quarter* -612 7,665 -8,277 4,865 -97 612 -687 -22 0 0 -3,166 0.0 0.6 -0.4
Other central government 2021* 339 31,245 -30,906 4,865 103 -339 678 -236 0 0 -3,166 0.0 0.6 -0.4
Local government 2020 4th quarter* -1,959 26,961 -28,920 56,169 483 1,959 969 -2,574 -6 135 38,849 -0.3 7.0 4.9
Local government 2020* -2,301 109,696 -111,997 56,169 -1,352 2,301 -1,153 -2,544 29 15 38,849 -0.3 7.0 4.9
Local government 2021 1st quarter* 988 28,633 -27,645 56,891 722 -988 1,401 376 9 -76 38,565 -0.2 7.1 4.8
Local government 2021 2nd quarter* 438 30,324 -29,886 54,948 -1,943 -438 -656 -917 0 68 32,996 -0.1 6.7 4.0
Local government 2021 3rd quarter* 1,903 29,672 -27,769 54,807 -141 -1,903 1,266 502 0 -6 31,068 0.2 6.5 3.7
Local government 2021 4th quarter* -1,786 28,851 -30,637 56,273 1,466 1,786 529 -831 -4 -14 34,054 0.2 6.5 4.0
Local government 2021* 1,543 117,480 -115,937 56,273 104 -1,543 2,540 -870 5 -28 34,054 0.2 6.5 4.0
Municipalities 2020 4th quarter* -413 16,142 -16,555 42,112 246 413 1,723 -1,945 -6 61 36,338 -0.1 5.3 4.5
Municipalities 2020* -1,073 63,859 -64,932 42,112 -2,169 1,073 -1,537 -1,723 2 16 36,338 -0.1 5.3 4.5
Municipalities 2021 1st quarter* -105 16,136 -16,241 42,757 645 105 -370 906 9 -5 37,105 -0.1 5.3 4.6
Municipalities 2021 2nd quarter* -68 16,597 -16,665 40,963 -1,794 68 -1,183 -687 0 8 33,514 0.0 5.0 4.1
Municipalities 2021 3rd quarter* 1,364 17,009 -15,645 40,300 -663 -1,364 143 567 0 -9 32,905 0.1 4.8 3.9
Municipalities 2021 4th quarter* -464 16,391 -16,855 41,401 1,101 464 1,575 -918 -4 -16 34,803 0.1 4.8 4.0
Municipalities 2021* 727 66,133 -65,406 41,401 -711 -727 165 -132 5 -22 34,803 0.1 4.8 4.0
Local intergovernmental organisations 2020 4th quarter* -117 3,264 -3,381 3,010 33 117 -240 161 0 -5 -286 0.0 0.4 0.0
Local intergovernmental organisations 2020* 58 12,438 -12,380 3,010 14 -58 546 -501 27 0 -286 0.0 0.4 0.0
Local intergovernmental organisations 2021 1st quarter* 60 3,218 -3,158 2,993 -17 -60 673 -565 0 -65 -746 0.0 0.4 -0.1
Local intergovernmental organisations 2021 2nd quarter* 95 3,549 -3,454 3,003 10 -95 232 -191 0 64 -749 0.0 0.4 -0.1
Local intergovernmental organisations 2021 3rd quarter* 76 3,309 -3,233 2,959 -44 -76 -329 358 0 3 -1,010 0.0 0.4 -0.1
Local intergovernmental organisations 2021 4th quarter* -143 3,464 -3,607 2,979 20 143 -425 301 0 1 -639 0.0 0.3 -0.1
Local intergovernmental organisations 2021* 88 13,540 -13,452 2,979 -31 -88 151 -97 0 3 -639 0.0 0.3 -0.1
Provinces 2020 4th quarter* -203 1,372 -1,575 755 75 203 320 -450 0 2 -8,705 -0.1 0.1 -1.1
Provinces 2020* -587 5,812 -6,399 755 19 587 -698 130 0 0 -8,705 -0.1 0.1 -1.1
Provinces 2021 1st quarter* -167 1,387 -1,554 737 -18 167 -132 -47 0 -6 -8,630 -0.1 0.1 -1.1
Provinces 2021 2nd quarter* 72 1,581 -1,509 703 -34 -72 42 0 0 -4 -9,347 -0.1 0.1 -1.1
Provinces 2021 3rd quarter* 66 1,630 -1,564 753 50 -66 139 -23 0 0 -9,446 0.0 0.1 -1.1
Provinces 2021 4th quarter* -310 1,419 -1,729 877 124 310 153 -344 0 5 -8,956 0.0 0.1 -1.0
Provinces 2021* -339 6,017 -6,356 877 122 339 202 -414 0 -5 -8,956 0.0 0.1 -1.0
Public water boards 2020 4th quarter* 24 953 -929 8,387 110 -24 252 -119 0 1 7,699 0.0 1.0 1.0
Public water boards 2020* -129 3,613 -3,742 8,387 745 129 598 19 0 -1 7,699 0.0 1.0 1.0
Public water boards 2021 1st quarter* -79 844 -923 8,470 83 79 81 -77 0 0 7,883 0.0 1.1 1.0
Public water boards 2021 2nd quarter* -170 901 -1,071 8,396 -74 170 -177 -67 0 0 7,729 0.0 1.0 0.9
Public water boards 2021 3rd quarter* -53 881 -934 9,018 622 53 635 -66 0 0 7,752 0.0 1.1 0.9
Public water boards 2021 4th quarter* 183 1,151 -968 9,219 201 -183 237 152 0 -5 7,942 0.0 1.1 0.9
Public water boards 2021* -119 3,777 -3,896 9,219 832 119 776 -58 0 -5 7,942 0.0 1.1 0.9
Other local government 2020 4th quarter* -1,250 9,112 -10,362 7,756 21 1,250 -1,031 -274 0 76 3,803 -0.1 1.0 0.5
Other local government 2020* -570 38,308 -38,878 7,756 66 570 -105 -400 1 0 3,803 -0.1 1.0 0.5
Other local government 2021 1st quarter* 1,279 10,623 -9,344 7,763 7 -1,279 1,048 238 0 0 2,953 0.0 1.0 0.4
Other local government 2021 2nd quarter* 509 11,129 -10,620 7,765 2 -509 523 -12 0 0 1,849 0.0 0.9 0.2
Other local government 2021 3rd quarter* 450 10,363 -9,913 7,738 -27 -450 531 -108 0 0 867 0.1 0.9 0.1
Other local government 2021 4th quarter* -1,052 10,225 -11,277 7,779 41 1,052 -1,103 91 0 1 904 0.1 0.9 0.1
Other local government 2021* 1,186 42,340 -41,154 7,779 23 -1,186 999 209 0 1 904 0.1 0.9 0.1
Social security funds 2020 4th quarter* 931 37,500 -36,569 24,736 -1,292 -931 -2,954 2,631 0 -38 -667 0.5 3.1 -0.1
Social security funds 2020* 4,152 152,375 -148,223 24,736 -1,131 -4,152 8,871 -5,850 0 0 -667 0.5 3.1 -0.1
Social security funds 2021 1st quarter* 403 37,061 -36,658 32,483 7,747 -403 7,212 938 0 0 2,769 0.7 4.1 0.3
Social security funds 2021 2nd quarter* 9,434 48,956 -39,522 37,812 5,329 -9,434 15,666 -903 0 0 -204 1.2 4.6 0.0
Social security funds 2021 3rd quarter* -1,836 34,443 -36,279 26,445 -11,367 1,836 -9,558 -3,645 0 0 -13,496 1.1 3.1 -1.6
Social security funds 2021 4th quarter* -926 37,266 -38,192 21,866 -4,579 926 -5,402 -103 0 0 -10,307 0.8 2.5 -1.2
Social security funds 2021* 7,075 157,726 -150,651 21,866 -2,870 -7,075 7,918 -3,713 0 0 -10,307 0.8 2.5 -1.2
Source: CBS.
Explanation of symbols

Table description


This table shows data on the balance and Maastricht debt of general government. These figures are also known as EMU-balance and EMU-debt (EMU stands for the Economic and Monetary Union). In this table, yearly and quarterly figures are subdivided to subsectors of general government. Furthermore, this table shows the relation between the government balance and change in Maastricht debt.

Balance and debt are the most import indicators for the healthiness of government finances in the European Union. In the Maastricht treaty and the consequent Stability and Growth Pact, it was decided that government deficit may not exceed 3 percent of gross domestic product (GDP) and Maastricht debt may not be higher than 60 percent of GDP. If government deficit exceeds the threshold of 3 percent, the member state in question shall be subject to the excessive deficit procedure.

The terms and definitions used are in accordance with the framework of the national accounts. The national accounts are based on the international definitions of the European System of Accounts (ESA 2010). However, Maastricht debt is valued at face value whereas debt instruments in national accounts are valued at market value. Maastricht debt covers the following debt instruments: deposits, short term debt securities, long term debt securities, short term loans and long term loans.

Small temporary differences in data in this table with publications of the national accounts may occur due to the fact that the government finance statistics are sometimes more up to date.

Data available from:
Yearly figures from 1995, quarterly figures from 1999.

Status of the figures:
The figures for the period 1995-2018 are final. The quarterly figures for 2019 are provisional. The annual figures for 2019 are final. The figures for 2020 and 2021 are provisional.

Changes as of 25 March 2022:
Figures for the fourth quarter of 2021 and annual figures for 2021 are available. The figures for 2020 and the first three quarters of 2021 have been revised. The revisions to government finance statistics of 2020 have not been implemented in National Accounts. Therefore, data in publications of National Accounts and government finance statistics are temporarily not consistent. Data on 2020 have been revised, in particular as a result of up-to-date information about corona support measures. The changes will be explained in a news item on March 25th 2022. Balance, revenue, expenditure, net acquisition of financial assets and transactions in other liabilities have been adjusted.
Differences will be resolved with the next publication date, June 24th 2022.

When will new figures be published?
Provisional quarterly figures are published three months after the end of the quarter. In September the figures on the first quarter may be revised, in December the figures on the second quarter may be revised and in March the first three quarters may be revised. Yearly figures are published for the first time three months after the end of the year concerned. Yearly figures are revised two times: 6 and 18 months after the end of the year. Please note that there is a possibility that adjustments might take place at the end of March or September, in order to provide the European Commission with the latest figures. Revised yearly figures are published in June each year. Quarterly figures are aligned to revised years at the end of June. More information on the revision policy of Dutch national accounts and government finance statistics can be found under 'relevant articles' under paragraph 3.

Description topics

Balance and debt (million euros)
Balance and Maastricht debt in million euros.

Balance and consolidated debt (valued at face value) excluding other accounts payable and debt on financial derivatives, in million euros.

Balance of revenue and expenditure of the government sector. In national accounts it equals net lending/net borrowing of the government sector.

Government debt is consolidated, which means that debt in the same sector has been eliminated.
Structure of balance
Balance of revenue and expenditure of the government sector.
Balance
Balance of revenue and expenditure of the government sector. A positive figure indicates a surplus, a negative figure indicates a deficit. In national accounts it equals net lending/net borrowing of the government sector.
Revenue
Revenue of the government sector consists of taxes and social contributions, production revenue, other current revenue, and received capital transfers.

The time of recording is on an accrual basis.
Expenditure (-)
Expenditure of the government sector consists of intermediate consumption, compensation of employees, interest, social benefits and social transfers in kind via market production, other current expenditure, and capital expenditure.

The time of recording is on an accrual basis.
Maastricht debt
Consolidated debt of the government sector (valued at face value) excluding other accounts payable and debt on financial derivatives. Consolidated means that debt in the same sector has been eliminated.
Structure of change in Maastricht debt
Increase or decrease of Maastricht debt. The change in Maastricht debt consists of the deficit or surplus, changes in financials assets and liabilities and an unexplained residual, the statistical discrepancy.
Change in Maastricht debt
Increase or decrease of Maastricht debt. The change in Maastricht debt consists of the deficit or surplus, changes in financials assets and liabilities and an unexplained residual, the statistical discrepancy.
Deficit (EMU)
Negative balance of revenue and expenditure of the government. It equals the balance, however with an opposite sign. A positive figure indicates a deficit, a negative figure indicates a surplus.
Net acquisition of financial assets
Transactions in financial assets are changes in currency and deposits, debt securities, loans, equity, financial derivatives and other accounts receivable, which are economic flows between units by mutual agreement.
Transactions in other liabilities (-)
Transactions in financial liabilities that are not part of Maastricht debt. Transaction are economic flows between units by mutual agreement.

Transactions in liabilities that are not part of the Maastricht debt definition. They are:
- Equity.
- Financial derivatives.
- Other accounts payable.
Valuation effects
Changes in Maastricht debt that are the result in changes of value, for instance due to currency changes.
Statistical discrepancy (-)
Difference between the balance of revenue and expenditure (+) and the balance of transactions in financial assets and liabilities (-).

Theoretically, both balances are equal. However, in practice differences occur, for instance due to the use of different data sources.
Contribution to general government debt
The consolidated debt of the government sector (valued at face value) excluding other accounts payable and debt on financial derivatives. The contribution to general government Maastricht debt of a subsector is calculated by subtracting claims on other government subsector from its debt to all subsectors. In this way, the presented debt figures of government subsectors add up to general government Maastricht debt. A negative number means the government subsector concerned has a net claim on other government subsectors. Hence, the other government sectors contribute more to government debt.
Balance and Maastricht debt (% of GDP)
Balance and consolidated debt (valued at face value) excluding other accounts payable and debt on financial derivatives, in percentage of gross domestic product (GDP).

Balance of revenue and expenditure of the government sector. In national accounts it equals net lending/net borrowing of the government sector.

Government debt is consolidated, which means that debt in the same sector has been eliminated.
Balance
Balance of revenue and expenditure of the government sector. A positive figure indicates a surplus, a negative figure indicates a deficit. In national accounts it equals net lending/net borrowing of the government sector.

The gross domestic product (market value) is the result of the productive activities of residential production units. It equals the added value (basic prices) of all industries, completed with some transactions that cannot be attributed to industries.

Quarterly balance of the general government sector as a percentage of GDP is a progressive yearly total. It is calculated as the sum of the balance of the quarter considered plus three preceding quarters, divided by the sum of GDP of the quarter considered plus three preceding quarters. The figure for the fourth quarter equals the yearly figure.
Maastricht debt
Consolidated debt of the government sector (valued at face value) excluding other accounts payable and debt on financial derivatives. Consolidated means that debt in the same sector has been eliminated.

The gross domestic product (market value) is the result of the productive activities of residential production units. It equals the added value (basic prices) of all industries, completed with some transactions that cannot be attributed to industries.

Quarterly government debt as a percentage of GDP is calculated as the debt at the end of the quarter divided by the sum of GDP of the quarter considered plus three preceding quarters. The figure for the fourth quarter equals the yearly figure.
Contribution to general government debt
The consolidated debt of the government sector (valued at face value) excluding other accounts payable and debt on financial derivatives. The contribution to general government Maastricht debt of a subsector is calculated by subtracting claims on other government subsector from its debt to all subsectors. In this way, the presented debt figures of government subsectors add up to general government Maastricht debt. A negative number means the government subsector concerned has a net claim on other government subsectors. Hence, the other government sectors contribute more to government debt.

The gross domestic product (market value) is the result of the productive activities of residential production units. It equals the added value (basic prices) of all industries, completed with some transactions that cannot be attributed to industries.

Quarterly contribution to general government Maastricht debt government debt as a percentage of GDP is calculated as the (contribution to) debt at the end of the quarter divided by the sum of GDP of the quarter considered plus three preceding quarters. The figure for the fourth quarter equals the yearly figure.