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 2018 10,982 337,976 -326,994 405,773 -14,524 -10,982 -1,060 -1,799 -494 -189 405,773 1.4 52.4 52.4
General government 2019 4th quarter* 2,573 89,305 -86,732 394,670 -424 -2,573 941 2,355 -2,484 1,337 394,670 1.8 48.7 48.7
General government 2019* 14,391 354,421 -340,030 394,670 -11,103 -14,391 1,402 2,471 -627 42 394,670 1.8 48.7 48.7
General government 2020 1st quarter* 10,042 95,535 -85,493 403,141 8,471 -10,042 21,027 -3,899 1,694 -309 403,141 1.5 49.5 49.5
General government 2020 2nd quarter* -21,506 82,514 -104,020 441,535 38,394 21,506 17,964 1,204 -2,729 449 441,535 -1.2 55.2 55.2
General government 2020 3rd quarter* -10,885 81,077 -91,962 441,151 -384 10,885 -12,518 237 970 42 441,151 -2.5 55.2 55.2
General government 2020 4th quarter* -11,617 91,372 -102,989 434,931 -6,220 11,617 -13,006 -3,601 -1,311 81 434,931 -4.3 54.5 54.5
General government 2020* -33,966 350,498 -384,464 434,931 40,261 33,966 13,467 -6,059 -1,376 263 434,931 -4.3 54.5 54.5
Central government 2018 6,253 203,243 -196,990 383,430 -11,755 -6,253 -3,449 -1,363 -518 -172 352,768 0.8 49.5 45.6
Central government 2019 4th quarter* 2,481 55,661 -53,180 376,906 -10,473 -2,481 -8,024 1,072 -2,391 1,351 349,123 1.1 46.5 43.1
Central government 2019* 8,980 218,199 -209,219 376,906 -6,524 -8,980 1,586 1,485 -650 35 349,123 1.1 46.5 43.1
Central government 2020 1st quarter* 10,179 66,107 -55,928 388,866 11,960 -10,179 30,231 -9,471 1,687 -308 355,532 0.8 47.7 43.6
Central government 2020 2nd quarter* -26,121 41,984 -68,105 432,996 44,130 26,121 21,634 -1,326 -2,754 455 393,652 -2.1 54.1 49.2
Central government 2020 3rd quarter* -10,236 49,037 -59,273 438,683 5,687 10,236 -15,497 9,952 963 33 410,653 -3.0 54.9 51.4
Central government 2020 4th quarter* -11,303 57,895 -69,198 423,356 -15,327 11,303 -22,429 -2,965 -1,305 69 396,583 -4.7 53.0 49.7
Central government 2020* -37,481 215,023 -252,504 423,356 46,450 37,481 13,939 -3,810 -1,409 249 396,583 -4.7 53.0 49.7
The State 2018 5,726 194,336 -188,610 387,239 -11,484 -5,726 -3,811 -1,254 -521 -172 353,976 0.7 50.0 45.7
The State 2019 4th quarter* 2,730 53,378 -50,648 381,040 -10,693 -2,730 -8,043 1,138 -2,391 1,333 350,689 1.1 47.0 43.3
The State 2019* 8,801 209,181 -200,380 381,040 -6,199 -8,801 1,616 1,603 -652 35 350,689 1.1 47.0 43.3
The State 2020 1st quarter* 9,819 63,885 -54,066 393,206 12,166 -9,819 30,022 -9,416 1,687 -308 357,307 0.8 48.2 43.8
The State 2020 2nd quarter* -26,737 39,715 -66,452 438,300 45,094 26,737 21,552 -896 -2,754 455 396,434 -2.2 54.8 49.6
The State 2020 3rd quarter* -9,897 46,802 -56,699 444,180 5,880 9,897 -14,990 9,977 963 33 413,306 -3.0 55.6 51.7
The State 2020 4th quarter* -10,807 55,478 -66,285 428,769 -15,411 10,807 -22,095 -2,887 -1,305 69 399,430 -4.7 53.7 50.0
The State 2020* -37,622 205,880 -243,502 428,769 47,729 37,622 14,489 -3,222 -1,409 249 399,430 -4.7 53.7 50.0
Other central government 2018 527 26,752 -26,225 4,756 22 -527 477 55 17 0 -1,208 0.1 0.6 -0.2
Other central government 2019 4th quarter* -249 6,897 -7,146 4,737 -142 249 -239 -170 0 18 -1,566 0.0 0.6 -0.2
Other central government 2019* 179 27,252 -27,073 4,737 -19 -179 613 -455 2 0 -1,566 0.0 0.6 -0.2
Other central government 2020 1st quarter* 360 7,066 -6,706 4,734 -3 -360 446 -89 0 0 -1,775 0.0 0.6 -0.2
Other central government 2020 2nd quarter* 616 8,255 -7,639 4,691 -43 -616 1,038 -465 0 0 -2,782 0.1 0.6 -0.3
Other central government 2020 3rd quarter* -339 6,451 -6,790 5,049 358 339 79 -60 0 0 -2,653 0.0 0.6 -0.3
Other central government 2020 4th quarter* -496 7,224 -7,720 4,734 -315 496 -728 -83 0 0 -2,847 0.0 0.6 -0.4
Other central government 2020* 141 28,996 -28,855 4,734 -3 -141 835 -697 0 0 -2,847 0.0 0.6 -0.4
Local government 2018 -1,392 100,020 -101,412 56,186 590 1,392 -725 -93 33 -17 44,548 -0.2 7.3 5.8
Local government 2019 4th quarter* -2,130 24,760 -26,890 57,553 2,261 2,130 148 76 -65 -28 44,098 -0.2 7.1 5.4
Local government 2019* -1,359 103,082 -104,441 57,553 1,367 1,359 -1,308 1,285 24 7 44,098 -0.2 7.1 5.4
Local government 2020 1st quarter* 753 27,014 -26,261 57,863 310 -753 1,892 -837 9 -1 40,783 -0.1 7.1 5.0
Local government 2020 2nd quarter* -580 29,555 -30,135 56,124 -1,739 580 -2,003 -335 25 -6 36,566 -0.2 7.0 4.6
Local government 2020 3rd quarter* -35 26,865 -26,900 55,778 -346 35 -1,730 1,332 8 9 36,672 -0.2 7.0 4.6
Local government 2020 4th quarter* -1,943 26,947 -28,890 56,279 501 1,943 827 -2,275 -6 12 38,920 -0.2 7.0 4.9
Local government 2020* -1,805 110,381 -112,186 56,279 -1,274 1,805 -1,014 -2,115 36 14 38,920 -0.2 7.0 4.9
Municipalities 2018 -1,305 56,333 -57,638 43,126 1,230 1,305 -229 145 26 -17 39,572 -0.2 5.6 5.1
Municipalities 2019 4th quarter* -868 14,262 -15,130 44,073 1,894 868 1,126 20 -53 -67 40,095 -0.1 5.4 4.9
Municipalities 2019* -966 58,518 -59,484 44,073 947 966 -1,555 1,523 13 0 40,095 -0.1 5.4 4.9
Municipalities 2020 1st quarter* -301 15,145 -15,446 44,234 161 301 39 -187 9 -1 36,954 -0.1 5.4 4.5
Municipalities 2020 2nd quarter* -813 16,903 -17,716 42,332 -1,902 813 -2,412 -296 -1 -6 34,068 -0.1 5.3 4.3
Municipalities 2020 3rd quarter* 501 16,364 -15,863 41,658 -674 -501 -887 705 0 9 34,088 -0.2 5.2 4.3
Municipalities 2020 4th quarter* -462 16,269 -16,731 41,904 246 462 1,723 -1,945 -6 12 36,036 -0.1 5.2 4.5
Municipalities 2020* -1,075 64,681 -65,756 41,904 -2,169 1,075 -1,537 -1,723 2 14 36,036 -0.1 5.2 4.5
Local intergovernmental organisations 2018 62 11,320 -11,258 2,951 113 -62 296 -103 -18 0 76 0.0 0.4 0.0
Local intergovernmental organisations 2019 4th quarter* -55 2,916 -2,971 3,056 60 55 -50 55 0 0 99 0.0 0.4 0.0
Local intergovernmental organisations 2019* 2 11,133 -11,131 3,056 105 -2 259 -158 -1 7 99 0.0 0.4 0.0
Local intergovernmental organisations 2020 1st quarter* 89 2,966 -2,877 3,078 22 -89 888 -777 0 0 -298 0.0 0.4 0.0
Local intergovernmental organisations 2020 2nd quarter* -2 3,349 -3,351 3,120 42 2 210 -197 27 0 -453 0.0 0.4 -0.1
Local intergovernmental organisations 2020 3rd quarter* 83 2,977 -2,894 3,037 -83 -83 -312 312 0 0 -634 0.0 0.4 -0.1
Local intergovernmental organisations 2020 4th quarter* -112 3,295 -3,407 3,070 33 112 -240 161 0 0 -238 0.0 0.4 0.0
Local intergovernmental organisations 2020* 58 12,587 -12,529 3,070 14 -58 546 -501 27 0 -238 0.0 0.4 0.0
Provinces 2018 -526 6,104 -6,630 654 19 526 -569 54 8 0 -7,777 -0.1 0.1 -1.0
Provinces 2019 4th quarter* -167 1,446 -1,613 813 90 167 -97 16 1 3 -8,652 -0.1 0.1 -1.1
Provinces 2019* -733 5,730 -6,463 813 159 733 -812 237 1 0 -8,652 -0.1 0.1 -1.1
Provinces 2020 1st quarter* -191 1,384 -1,575 757 -56 191 -462 215 0 0 -8,392 -0.1 0.1 -1.0
Provinces 2020 2nd quarter* -3 1,562 -1,565 928 171 3 103 65 0 0 -8,745 -0.1 0.1 -1.1
Provinces 2020 3rd quarter* -201 1,440 -1,641 765 -163 201 -672 300 8 0 -8,229 -0.1 0.1 -1.0
Provinces 2020 4th quarter* -192 1,373 -1,565 840 75 192 333 -450 0 0 -8,488 -0.1 0.1 -1.1
Provinces 2020* -587 5,759 -6,346 840 27 587 -698 130 8 0 -8,488 -0.1 0.1 -1.1
Public water boards 2018 -59 3,485 -3,544 7,623 -223 59 -327 12 33 0 7,410 0.0 1.0 1.0
Public water boards 2019 4th quarter* 51 889 -838 7,604 13 -51 56 9 -13 12 7,452 0.0 0.9 0.9
Public water boards 2019* -120 3,441 -3,561 7,604 -19 120 -106 -44 11 0 7,452 0.0 0.9 0.9
Public water boards 2020 1st quarter* -72 887 -959 7,798 194 72 139 -17 0 0 7,707 0.0 1.0 0.9
Public water boards 2020 2nd quarter* -51 877 -928 7,800 2 51 -67 18 0 0 7,585 0.0 1.0 0.9
Public water boards 2020 3rd quarter* -31 894 -925 8,239 439 31 273 135 0 0 7,634 0.0 1.0 1.0
Public water boards 2020 4th quarter* 25 952 -927 8,349 110 -25 252 -117 0 0 7,661 0.0 1.0 1.0
Public water boards 2020* -129 3,610 -3,739 8,349 745 129 597 19 0 0 7,661 0.0 1.0 1.0
Other local government 2018 436 36,012 -35,576 7,451 78 -436 751 -219 -18 0 5,267 0.1 1.0 0.7
Other local government 2019 4th quarter* -1,091 8,707 -9,798 7,797 165 1,091 -965 15 0 24 5,104 0.1 1.0 0.6
Other local government 2019* 458 37,144 -36,686 7,797 346 -458 862 -58 0 0 5,104 0.1 1.0 0.6
Other local government 2020 1st quarter* 1,228 10,249 -9,021 7,799 2 -1,228 1,223 7 0 0 4,812 0.0 1.0 0.6
Other local government 2020 2nd quarter* 289 10,418 -10,129 7,797 -2 -289 275 12 0 0 4,111 0.0 1.0 0.5
Other local government 2020 3rd quarter* -387 8,602 -8,989 7,881 84 387 -259 -44 0 0 3,813 0.0 1.0 0.5
Other local government 2020 4th quarter* -1,202 8,963 -10,165 7,916 35 1,202 -1,179 12 0 0 3,949 0.0 1.0 0.5
Other local government 2020* -72 38,232 -38,304 7,916 119 72 60 -13 0 0 3,949 0.0 1.0 0.5
Social security funds 2018 6,121 129,640 -123,519 28,968 -2,842 -6,121 3,537 -258 0 0 8,457 0.8 3.7 1.1
Social security funds 2019 4th quarter* 2,222 33,704 -31,482 25,947 -2,506 -2,222 -3,993 3,695 0 14 1,449 0.8 3.2 0.2
Social security funds 2019* 6,770 136,030 -129,260 25,947 -3,021 -6,770 4,449 -700 0 0 1,449 0.8 3.2 0.2
Social security funds 2020 1st quarter* -890 31,622 -32,512 31,494 5,547 890 5,709 -1,052 0 0 6,826 0.8 3.9 0.8
Social security funds 2020 2nd quarter* 5,195 49,334 -44,139 37,506 6,012 -5,195 10,924 283 0 0 11,317 1.0 4.7 1.4
Social security funds 2020 3rd quarter* -614 37,011 -37,625 26,108 -11,398 614 -8,034 -3,978 0 0 -6,174 0.7 3.3 -0.8
Social security funds 2020 4th quarter* 1,629 38,637 -37,008 24,816 -1,292 -1,629 -2,470 2,807 0 0 -572 0.7 3.1 -0.1
Social security funds 2020* 5,320 156,604 -151,284 24,816 -1,131 -5,320 6,129 -1,940 0 0 -572 0.7 3.1 -0.1
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 1995-2017 are final. The quarterly figures for 2018 are provisional. The annual figures for 2018 are final. The figures for 2019 and 2020 are provisional.

Changes as of 26 March 2021:
Figures for the fourth quarter of 2020 and annual figures on 2020 are available. The figures for previous years and the first three quarters of 2020 have been revised. The revisions to government finance statistics have not been fully implemented in National Accounts. Therefore, figures in publications of National Accounts and government finance statistics are temporarily not consistent. Differences will be resolved with the next publication date, June 24th 2021.
In the context of new Eurostat guidelines, figures on student loans have been adjusted in the interim at Eurostat's request, in deviation from the regular revision policy of the national accounts.

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.