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 -29,588 351,403 -380,991 435,459 40,727 29,588 19,045 -6,454 -1,316 -136 435,459 -3.7 54.7 54.7
General government 2021 2nd quarter* -10,282 92,829 -103,111 447,923 7,952 10,282 3,032 -1,034 -3,645 -683 447,923 -3.9 54.5 54.5
General government 2021 3rd quarter* -7,681 87,555 -95,236 442,903 -5,020 7,681 -12,147 934 -1,324 -164 442,903 -3.6 52.8 52.8
General government 2021 4th quarter* -2,088 101,131 -103,219 449,026 6,123 2,088 7,571 -1,916 -2,526 906 449,026 -2.6 52.4 52.4
General government 2021* -22,328 376,745 -399,073 449,026 13,567 22,328 1,837 -4,302 -6,224 -72 449,026 -2.6 52.4 52.4
General government 2022 1st quarter* 7,068 102,679 -95,611 446,419 -2,607 -7,068 -620 2,353 2,958 -230 446,419 -1.5 50.7 50.7
General government 2022 2nd quarter* 3,296 107,030 -103,734 457,624 11,205 -3,296 14,566 159 877 -1,101 457,624 0.1 50.9 50.9
Central government 2020 -32,318 215,839 -248,157 423,632 46,741 32,318 22,187 -6,318 -1,317 -129 397,023 -4.1 53.2 49.8
Central government 2021 2nd quarter* -19,283 48,995 -68,278 454,630 21,860 19,283 12,154 -5,623 -3,645 -309 414,876 -5.0 55.4 50.5
Central government 2021 3rd quarter* -7,904 56,900 -64,804 453,476 -1,154 7,904 -17,985 10,377 -1,324 -126 425,076 -4.8 54.1 50.7
Central government 2021 4th quarter* 35 67,366 -67,331 448,922 -4,554 -35 846 -3,176 -2,522 333 425,027 -3.6 52.4 49.6
Central government 2021* -30,499 237,070 -267,569 448,922 25,290 30,499 5,394 -4,378 -6,229 4 425,027 -3.6 52.4 49.6
Central government 2022 1st quarter* 5,756 70,097 -64,341 444,784 -4,138 -5,756 2,922 -4,019 2,956 -241 417,907 -2.4 50.6 47.5
Central government 2022 2nd quarter* -3,117 63,124 -66,241 462,566 17,782 3,117 17,356 -2,475 876 -1,092 432,106 -0.6 51.4 48.0
The State 2020 -32,391 206,507 -238,898 428,620 47,805 32,391 22,966 -6,155 -1,315 -82 399,387 -4.1 53.8 50.1
The State 2021 2nd quarter* -19,697 46,740 -66,437 460,633 22,464 19,697 12,242 -5,656 -3,645 -174 418,187 -5.0 56.1 50.9
The State 2021 3rd quarter* -7,885 54,629 -62,514 459,975 -658 7,885 -17,388 10,443 -1,324 -274 428,750 -4.9 54.9 51.2
The State 2021 4th quarter* 577 64,953 -64,376 454,322 -5,653 -577 610 -3,402 -2,522 238 427,699 -3.6 53.1 49.9
The State 2021* -30,715 227,789 -258,504 454,322 25,702 30,715 5,597 -4,384 -6,229 3 427,699 -3.6 53.1 49.9
The State 2022 1st quarter* 5,227 67,765 -62,538 450,891 -3,431 -5,227 2,923 -3,842 2,956 -241 421,164 -2.5 51.3 47.9
The State 2022 2nd quarter* -3,780 60,878 -64,658 469,324 18,433 3,780 17,458 -2,589 876 -1,092 436,085 -0.7 52.2 48.5
Other central government 2020 73 28,981 -28,908 5,221 229 -73 774 -428 3 -47 -2,364 0.0 0.7 -0.3
Other central government 2021 2nd quarter* 414 8,237 -7,823 5,308 -23 -414 729 -203 0 -135 -3,311 0.0 0.6 -0.4
Other central government 2021 3rd quarter* -19 7,443 -7,462 5,450 142 19 190 -215 0 148 -3,674 0.0 0.7 -0.4
Other central government 2021 4th quarter* -542 7,554 -8,096 5,362 -88 542 -591 -134 0 95 -2,672 0.0 0.6 -0.3
Other central government 2021* 216 30,675 -30,459 5,362 141 -216 1,159 -803 0 1 -2,672 0.0 0.6 -0.3
Other central government 2022 1st quarter* 529 8,063 -7,534 5,484 122 -529 667 -16 0 0 -3,257 0.0 0.6 -0.4
Other central government 2022 2nd quarter* 663 8,826 -8,163 5,413 -71 -663 601 -9 0 0 -3,979 0.1 0.6 -0.4
Local government 2020 -1,657 110,109 -111,766 56,355 -1,166 1,657 631 -3,448 1 -7 39,106 -0.2 7.1 4.9
Local government 2021 2nd quarter* -57 30,080 -30,137 55,134 -1,943 57 -661 -917 0 -422 33,253 -0.1 6.7 4.0
Local government 2021 3rd quarter* 2,060 29,713 -27,653 54,993 -141 -2,060 1,094 668 0 157 31,325 0.2 6.6 3.7
Local government 2021 4th quarter* -1,609 28,799 -30,408 56,459 1,466 1,609 408 -716 -4 169 34,307 0.2 6.6 4.0
Local government 2021* 1,472 117,288 -115,816 56,459 104 -1,472 2,236 -589 5 -76 34,307 0.2 6.6 4.0
Local government 2022 1st quarter* 1,449 30,080 -28,631 56,735 276 -1,449 1,568 143 3 11 33,417 0.2 6.4 3.8
Local government 2022 2nd quarter* -566 30,670 -31,236 55,085 -1,650 566 -1,058 -1,150 1 -9 28,592 0.1 6.1 3.2
Municipalities 2020 -968 64,354 -65,322 42,228 -2,053 968 -1,009 -1,911 -71 -30 36,427 -0.1 5.3 4.6
Municipalities 2021 2nd quarter* -213 16,476 -16,689 41,079 -1,794 213 -1,174 -687 0 -146 33,603 0.0 5.0 4.1
Municipalities 2021 3rd quarter* 1,394 17,063 -15,669 40,416 -663 -1,394 152 567 0 12 32,994 0.1 4.8 3.9
Municipalities 2021 4th quarter* -362 16,438 -16,800 41,517 1,101 362 1,584 -918 -4 77 34,892 0.1 4.8 4.1
Municipalities 2021* 727 66,206 -65,479 41,517 -711 -727 200 -132 5 -57 34,892 0.1 4.8 4.1
Municipalities 2022 1st quarter* 328 16,922 -16,594 41,686 169 -328 -500 990 3 4 34,975 0.1 4.7 4.0
Municipalities 2022 2nd quarter* -234 17,024 -17,258 40,270 -1,416 234 -869 -771 1 -11 31,298 0.1 4.5 3.5
Local intergovernmental organisations 2020 188 12,720 -12,532 3,123 127 -188 848 -608 74 1 -152 0.0 0.4 0.0
Local intergovernmental organisations 2021 2nd quarter* 42 3,524 -3,482 3,116 10 -42 234 -191 0 9 -615 0.0 0.4 -0.1
Local intergovernmental organisations 2021 3rd quarter* 122 3,320 -3,198 3,072 -44 -122 -492 524 0 46 -876 0.0 0.4 -0.1
Local intergovernmental organisations 2021 4th quarter* -127 3,459 -3,586 3,092 20 127 -534 412 0 15 -506 0.0 0.4 -0.1
Local intergovernmental organisations 2021* 88 13,528 -13,440 3,092 -31 -88 -116 180 0 -7 -506 0.0 0.4 -0.1
Local intergovernmental organisations 2022 1st quarter* 56 3,351 -3,295 3,082 -10 -56 618 -571 0 -1 -870 0.0 0.4 -0.1
Local intergovernmental organisations 2022 2nd quarter* 11 3,460 -3,449 3,069 -13 -11 117 -119 0 0 -820 0.0 0.3 -0.1
Provinces 2020 -579 6,073 -6,652 783 47 579 -389 -144 0 1 -8,594 -0.1 0.1 -1.1
Provinces 2021 2nd quarter* 66 1,577 -1,511 731 -34 -66 43 0 0 -11 -9,236 -0.1 0.1 -1.1
Provinces 2021 3rd quarter* 67 1,631 -1,564 781 50 -67 139 -23 0 1 -9,335 0.0 0.1 -1.1
Provinces 2021 4th quarter* -305 1,420 -1,725 905 124 305 154 -344 0 9 -8,849 0.0 0.1 -1.0
Provinces 2021* -339 6,016 -6,355 905 122 339 204 -414 0 -7 -8,849 0.0 0.1 -1.0
Provinces 2022 1st quarter* -285 1,387 -1,672 919 14 285 -90 -187 0 6 -8,811 -0.1 0.1 -1.0
Provinces 2022 2nd quarter* 34 1,675 -1,641 890 -29 -34 0 4 0 1 -9,658 -0.1 0.1 -1.1
Public water boards 2020 -122 3,714 -3,836 8,343 701 122 623 -46 2 0 7,655 0.0 1.0 1.0
Public water boards 2021 2nd quarter* -174 898 -1,072 8,352 -74 174 -177 -67 0 -4 7,686 0.0 1.0 0.9
Public water boards 2021 3rd quarter* -54 882 -936 8,974 622 54 635 -66 0 -1 7,709 0.0 1.1 0.9
Public water boards 2021 4th quarter* 189 1,153 -964 9,175 201 -189 237 152 0 1 7,899 0.0 1.1 0.9
Public water boards 2021* -119 3,777 -3,896 9,175 832 119 776 -58 0 -5 7,899 0.0 1.1 0.9
Public water boards 2022 1st quarter* -86 890 -976 9,341 166 86 138 -60 0 2 8,145 0.0 1.1 0.9
Public water boards 2022 2nd quarter* -43 1,005 -1,048 9,273 -68 43 5 -117 0 1 7,942 0.0 1.0 0.9
Other local government 2020 -176 38,010 -38,186 7,723 33 176 634 -799 1 21 3,770 0.0 1.0 0.5
Other local government 2021 2nd quarter* 222 11,028 -10,806 7,732 2 -222 506 -12 0 -270 1,815 0.0 0.9 0.2
Other local government 2021 3rd quarter* 531 10,324 -9,793 7,705 -27 -531 513 -108 0 99 833 0.1 0.9 0.1
Other local government 2021 4th quarter* -1,004 10,139 -11,143 7,746 41 1,004 -1,105 75 0 67 871 0.1 0.9 0.1
Other local government 2021* 1,115 42,086 -40,971 7,746 23 -1,115 945 193 0 0 871 0.1 0.9 0.1
Other local government 2022 1st quarter* 1,436 11,080 -9,644 7,753 7 -1,436 1,443 0 0 0 -22 0.1 0.9 0.0
Other local government 2022 2nd quarter* -334 11,021 -11,355 7,786 33 334 -172 -129 0 0 -170 0.1 0.9 0.0
Social security funds 2020 4,387 152,300 -147,913 24,638 -1,229 -4,387 9,146 -5,988 0 0 -670 0.6 3.1 -0.1
Social security funds 2021 2nd quarter* 9,058 48,647 -39,589 37,763 5,354 -9,058 15,329 -965 0 48 -206 1.2 4.6 0.0
Social security funds 2021 3rd quarter* -1,837 34,376 -36,213 26,420 -11,343 1,837 -9,279 -3,706 0 -195 -13,498 1.0 3.2 -1.6
Social security funds 2021 4th quarter* -514 37,382 -37,896 21,865 -4,555 514 -5,308 -165 0 404 -10,308 0.8 2.6 -1.2
Social security funds 2021* 6,699 157,233 -150,534 21,865 -2,773 -6,699 7,887 -3,961 0 0 -10,308 0.8 2.6 -1.2
Social security funds 2022 1st quarter* -137 35,678 -35,815 24,840 2,975 137 151 2,687 0 0 -4,905 0.7 2.8 -0.6
Social security funds 2022 2nd quarter* 6,979 46,260 -39,281 28,390 3,550 -6,979 6,754 3,775 0 0 -3,074 0.5 3.2 -0.3
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 1995-2019 are final. The quarterly figures for 2020 are provisional. The annual figures for 2020 are final. The figures for 2021 and 2022 are provisional.

Changes as of 23 September 2022:
Figures for the second quarter of 2022 are available.
The figures for the first quarter of 2022 have been adjusted.

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.