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 2019 13,994 355,574 -341,580 394,569 -11,158 -13,994 1,216 2,178 -605 47 394,569 1.7 48.5 48.5
General government 2020 1st quarter* 9,646 95,713 -86,067 402,983 8,414 -9,646 20,418 -4,056 1,668 30 402,983 1.3 49.3 49.3
General government 2020 2nd quarter* -20,792 82,467 -103,259 441,346 38,363 20,792 18,104 2,179 -2,730 18 441,346 -1.3 55.0 55.0
General government 2020 3rd quarter* -10,749 81,416 -92,165 440,928 -418 10,749 -12,130 -378 969 372 440,928 -2.5 55.1 55.1
General government 2020 4th quarter* -11,522 91,430 -102,952 434,795 -6,133 11,522 -12,676 -3,333 -1,192 -454 434,795 -4.2 54.3 54.3
General government 2020* -33,417 351,026 -384,443 434,795 40,226 33,417 13,716 -5,588 -1,285 -34 434,795 -4.2 54.3 54.3
General government 2021 1st quarter* -3,040 93,631 -96,671 439,241 4,446 3,040 2,298 -1,726 1,286 -452 439,241 -5.8 54.9 54.9
Central government 2019 9,448 219,031 -209,583 376,728 -6,593 -9,448 1,825 1,645 -663 48 349,022 1.2 46.3 42.9
Central government 2020 1st quarter* 10,112 66,205 -56,093 388,786 12,058 -10,112 29,685 -9,370 1,658 197 355,526 0.8 47.6 43.5
Central government 2020 2nd quarter* -25,354 41,839 -67,193 432,825 44,039 25,354 23,031 -1,505 -2,755 -86 393,553 -2.0 54.0 49.1
Central government 2020 3rd quarter* -9,861 49,338 -59,199 438,496 5,671 9,861 -15,665 10,115 969 391 410,535 -2.8 54.8 51.3
Central government 2020 4th quarter* -10,847 58,223 -69,070 423,319 -15,177 10,847 -20,955 -3,333 -1,185 -551 396,613 -4.5 52.9 49.6
Central government 2020* -35,950 215,605 -251,555 423,319 46,591 35,950 16,096 -4,093 -1,313 -49 396,613 -4.5 52.9 49.6
Central government 2021 1st quarter* -4,433 62,052 -66,485 432,366 9,047 4,433 12,143 -8,361 1,277 -445 397,907 -6.3 54.1 49.8
The State 2019 9,348 209,672 -200,324 380,815 -6,291 -9,348 2,277 1,397 -665 48 350,543 1.1 46.8 43.1
The State 2020 1st quarter* 9,815 63,946 -54,131 393,088 12,273 -9,815 29,577 -9,395 1,658 248 357,262 0.8 48.1 43.7
The State 2020 2nd quarter* -26,004 39,542 -65,546 438,098 45,010 26,004 23,081 -1,188 -2,755 -132 396,301 -2.1 54.6 49.4
The State 2020 3rd quarter* -9,447 47,070 -56,517 443,970 5,872 9,447 -15,076 10,078 969 454 413,160 -2.9 55.4 51.6
The State 2020 4th quarter* -10,407 55,757 -66,164 428,715 -15,255 10,407 -20,541 -3,315 -1,187 -619 399,435 -4.5 53.6 49.9
The State 2020* -36,043 206,315 -242,358 428,715 47,900 36,043 17,041 -3,820 -1,315 -49 399,435 -4.5 53.6 49.9
The State 2021 1st quarter* -4,900 59,787 -64,687 438,181 9,466 4,900 12,096 -8,362 1,277 -445 401,048 -6.3 54.8 50.2
Other central government 2019 100 27,687 -27,587 4,784 4 -100 414 -312 2 0 -1,521 0.0 0.6 -0.2
Other central government 2020 1st quarter* 297 7,005 -6,708 4,777 -7 -297 432 -92 1 -51 -1,736 0.0 0.6 -0.2
Other central government 2020 2nd quarter* 650 8,171 -7,521 4,729 -48 -650 1,023 -467 0 46 -2,748 0.0 0.6 -0.3
Other central government 2020 3rd quarter* -414 6,371 -6,785 5,082 353 414 65 -63 0 -63 -2,625 0.0 0.6 -0.3
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* 467 7,521 -7,054 4,862 100 -467 660 -93 0 0 -3,141 0.0 0.6 -0.4
Local government 2019 -2,207 103,273 -105,480 57,521 1,272 2,207 -1,248 248 66 -1 44,098 -0.3 7.1 5.4
Local government 2020 1st quarter* 532 27,056 -26,524 57,815 294 -532 1,808 -874 10 -118 40,771 -0.2 7.1 5.0
Local government 2020 2nd quarter* -639 29,049 -29,688 56,059 -1,756 639 -2,086 -372 25 38 36,537 -0.3 7.0 4.6
Local government 2020 3rd quarter* -235 26,630 -26,865 55,686 -373 235 -1,844 1,276 0 -40 36,619 -0.3 7.0 4.6
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* 1,071 28,593 -27,522 56,891 722 -1,071 1,426 365 9 -7 38,565 -0.2 7.1 4.8
Municipalities 2019 -1,707 58,535 -60,242 44,281 1,155 1,707 -627 10 64 1 40,370 -0.2 5.4 5.0
Municipalities 2020 1st quarter* -408 15,167 -15,575 44,442 161 408 39 -187 9 -108 37,237 -0.2 5.4 4.6
Municipalities 2020 2nd quarter* -764 16,396 -17,160 42,540 -1,902 764 -2,412 -296 -1 43 34,356 -0.2 5.3 4.3
Municipalities 2020 3rd quarter* 512 16,154 -15,642 41,866 -674 -512 -887 705 0 20 34,384 -0.2 5.2 4.3
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* -17 16,110 -16,127 42,757 645 17 -370 994 9 -5 37,105 -0.1 5.3 4.6
Local intergovernmental organisations 2019 46 11,619 -11,573 2,996 45 -46 -88 181 5 -7 84 0.0 0.4 0.0
Local intergovernmental organisations 2020 1st quarter* 104 2,971 -2,867 3,018 22 -104 888 -777 0 15 -322 0.0 0.4 0.0
Local intergovernmental organisations 2020 2nd quarter* 6 3,254 -3,248 3,060 42 -6 210 -197 27 8 -485 0.0 0.4 -0.1
Local intergovernmental organisations 2020 3rd quarter* 65 2,949 -2,884 2,977 -83 -65 -312 312 0 -18 -674 0.0 0.4 -0.1
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* 89 3,227 -3,138 2,993 -17 -89 673 -601 0 0 -746 0.0 0.4 -0.1
Provinces 2019 -635 5,996 -6,631 736 82 635 -798 250 -9 4 -8,865 -0.1 0.1 -1.1
Provinces 2020 1st quarter* -174 1,417 -1,591 680 -56 174 -449 215 0 4 -8,602 -0.1 0.1 -1.1
Provinces 2020 2nd quarter* 10 1,589 -1,579 851 171 -10 116 65 0 0 -8,954 -0.1 0.1 -1.1
Provinces 2020 3rd quarter* -220 1,434 -1,654 680 -171 220 -685 300 0 -6 -8,445 -0.1 0.1 -1.1
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* -255 1,291 -1,546 737 -18 255 -132 -139 0 -2 -8,630 -0.1 0.1 -1.1
Public water boards 2019 -110 3,562 -3,672 7,642 19 110 -9 -96 13 1 7,489 0.0 0.9 0.9
Public water boards 2020 1st quarter* -77 888 -965 7,836 194 77 139 -10 0 -12 7,745 0.0 1.0 0.9
Public water boards 2020 2nd quarter* -42 878 -920 7,838 2 42 -66 25 0 1 7,623 0.0 1.0 1.0
Public water boards 2020 3rd quarter* -34 894 -928 8,277 439 34 273 123 0 9 7,672 0.0 1.0 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* -53 908 -961 8,470 83 53 81 -51 0 0 7,883 0.0 1.1 1.0
Other local government 2019 199 37,135 -36,936 7,690 176 -199 540 -157 -8 0 5,020 0.0 0.9 0.6
Other local government 2020 1st quarter* 1,087 10,230 -9,143 7,680 -10 -1,087 1,119 -26 1 -17 4,713 0.0 0.9 0.6
Other local government 2020 2nd quarter* 151 10,385 -10,234 7,665 -15 -151 172 -22 0 -14 3,997 0.0 1.0 0.5
Other local government 2020 3rd quarter* -558 8,581 -9,139 7,735 70 558 -365 -78 0 -45 3,682 -0.1 1.0 0.5
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* 1,307 10,640 -9,333 7,763 7 -1,307 1,076 238 0 0 2,953 0.0 1.0 0.4
Social security funds 2019 6,753 136,039 -129,286 25,867 -3,101 -6,753 4,230 -578 0 0 1,449 0.8 3.2 0.2
Social security funds 2020 1st quarter* -998 31,597 -32,595 31,414 5,547 998 5,849 -1,251 0 -49 6,686 0.7 3.8 0.8
Social security funds 2020 2nd quarter* 5,201 49,297 -44,096 37,426 6,012 -5,201 10,845 302 0 66 11,256 1.0 4.7 1.4
Social security funds 2020 3rd quarter* -653 36,966 -37,619 26,028 -11,398 653 -8,044 -4,028 0 21 -6,226 0.7 3.3 -0.8
Social security funds 2020 4th quarter* 1,284 38,273 -36,989 24,736 -1,292 -1,284 -2,702 2,732 0 -38 -667 0.6 3.1 -0.1
Social security funds 2020* 4,834 156,133 -151,299 24,736 -1,131 -4,834 5,948 -2,245 0 0 -667 0.6 3.1 -0.1
Social security funds 2021 1st quarter* 322 36,998 -36,676 32,483 7,747 -322 7,645 424 0 0 2,769 0.8 4.1 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 1995-2018 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 24 June 2021:
Figures for the first quarter of 2021 are available. The quarterly figures for 2018, 2019 and 2020 and the annual figures 2019 and 2020 have been adjusted.
In the context of the revision policy of National accounts the annual figures from 1995 and the quarterly figures from 1999 of the financial accounts of general government have been revised.
In addition, in the context of new Eurostat guidelines, the non-financial accounts (government balance, revenue and expenditure) have been adjusted from 2001, due to the registration of several loans and investments of the Dutch entrepreneurial development bank (FMO) within the general government sector. The figures are in line with the publications of the National accounts.
The quarterly figures for 2018 and the annual figures for 2019 are final.

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.