Fiscal Database

General Government Revenue, Expenditure and Budget Balance

Key fiscal indicators providing an essential overview of public finance developments are general government revenue, expenditure and budget balance.

General government, or public, revenue comprises tax revenues, social security contributions, non-tax revenues, as well as grants and transfers. A comprehensive breakdown of the revenue sources is available at this link.

Revenue serves as a principal source for financing public expenditures, which are divided by an economic classification into current and capital expenditures. A detailed representation of these expenditures can be found at this link.

The difference between general government revenue and expenditure is defined as the general government balance. A neutral balance occurs when revenue and expenditure levels are equal. A fiscal surplus is recorded when revenue exceeds expenditure, while a fiscal deficit is defined as public expenditure surpassing revenue. An in-depth analysis of the balance is accessible at this link.

Fiscal indicators are published monthly on the webpage of Council for Budget Responsibility within a framework of the Budgetary Traffic Lights.