Government; Balance and Maastricht debt, sectors

Government; Balance and Maastricht debt, sectors

Institutional sectors Periods Balance and debt (million euros) Structure of change in Maastricht debt Deficit (EMU) (million euros)
General government 2022 1st quarter* -7,068
Central government 2022 1st quarter* -5,756
The State 2022 1st quarter* -5,227
Other central government 2022 1st quarter* -529
Local government 2022 1st quarter* -1,449
Municipalities 2022 1st quarter* -328
Local intergovernmental organisations 2022 1st quarter* -56
Provinces 2022 1st quarter* 285
Public water boards 2022 1st quarter* 86
Other local government 2022 1st quarter* -1,436
Social security funds 2022 1st quarter* 137
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 24 June 2022:
Figures for the first quarter of 2022 are available. The quarterly figures for 2019, 2020 and 2021 and the annual figures 2020 and 2021 have been adjusted.
In the context of the revision policy of National accounts, the annual figures from 1995 and the quarterly figures from 1999 have been revised. In particular, the government balance, revenue and expenditure have been adjusted from 1995, due to revisions of revenue and expenditure of Energie Beheer Nederland B.V. (EBN), classified as part of the State, and transactions of the State with the Dutch entrepreneurial development bank (FMO), part of sector financial corporations. The figures are in line with the publications of the National accounts.
The quarterly figures for 2019 and the annual figures for 2020 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 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.