Public finances

What's it about?

According to the European system of accounts (ESA2010, §2.111), the general government sector (S.13) consists of institutional units, which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth. Government finance statistics are of particular importance in the sense that the capital account balance (net lending/borrowing) is used by the European Union as the legal definition of the government deficit/surplus in the context of the excessive deficit procedure and the convergence criteria, which are a public deficit below 3% of GDP and public debt below 60% of GDP.     

What information can I find here?

• Main Aggregates, Industry Aggregates
• Institutional Sector Accounts
• Expenditures and revenues of public finances
• Contingent liabilities.