Government; Balance and Maastricht debt, sectors

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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 23 September 2020:
Figures on the second quarter of 2020 are available.
The figures for the first quarter of 2020 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.

Government; Balance and Maastricht debt, sectors

Institutional sectors Periods Balance and debt (million euros)Structure of balanceBalance (million euros) Balance and debt (million euros)Structure of balanceRevenue (million euros) Balance and debt (million euros)Structure of balanceExpenditure (-) (million euros) Balance and debt (million euros)Maastricht debt (million euros) Balance and debt (million euros)Structure of change in Maastricht debtChange in Maastricht debt (million euros) Balance and debt (million euros)Structure of change in Maastricht debtDeficit (EMU) (million euros) Balance and debt (million euros)Structure of change in Maastricht debtNet acquisition of financial assets (million euros) Balance and debt (million euros)Structure of change in Maastricht debtTransactions in other liabilities (-) (million euros) Balance and debt (million euros)Structure of change in Maastricht debtValuation effects (million euros) Balance and debt (million euros)Structure of change in Maastricht debtStatistical discrepancy (-) (million euros)
Social security funds 2020 2nd quarter* 3,834 51,046 -47,212 37,506 6,012 -3,834 12,394 -2,548 0 0
Source: CBS.
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