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Dissemination Standards Bulletin Board Special Data Dissemination Standard (THE SUMMARY METHODOLOGY STATEMENT HAS BEEN PROVIDED BY EURO AREA, WHICH IS SOLELY RESPONSIBLE FOR ITS ACCURACY AND COMPLETENESS. AT THE TIME OF POSTING, THE STATEMENT WAS REVIEWED BY THE IMF FOR CONSISTENCY WITH THE METADATA BASE PAGE DESCRIBING DISSEMINATION PRACTICES. SUBSCRIBERS ARE REQUIRED TO PROVIDE UPDATES TO THE STATEMENT, AS NEEDED, AND ARE EXPECTED TO MAKE OTHER IMPROVEMENTS, AS WARRANTED, TO ENHANCE TRANSPARENCY) Euro Area Summary Methodology General government or public sector operations (General Government Revenue and Expenditure ) Last Posted: Nov-8-2006 Last Updated: Nov-8-2006 Contact Person(s)          Printer Friendly Page   Unit C3 Public finance , European Statistical Data Support: http://epp.eurostat.cec.eu.int/pls/portal/url/page/PGP_DS_SUPPORT, Eurostat, Statistical Office of the European Communities, Luxembourg L-2920

I. Analytical Framework, Concepts, Definitions, and Classifications

2.1.1 Concepts and definitions Statistical concept The data correspond to main revenue and expenditure items of the general government sector and its sub-sectors, compiled on a national accounts (ESA 95) basis. The difference between total revenue and total expenditure equals the net lending/net borrowing (B9). Definition of indicators Main aggregates (transactions and balancing items) for the general government sector and its sub-sectors (central, state, local government and social security funds). The indicators are as reported under Table 0200 ‘Main aggregates of general government’ of the ESA 95 transmission programme. For definitions, see European system of accounts, 1995 edition (ESA 95), and Commission Regulation (EC) N° 1500/2000 of 10 July 2000 with respect to general government expenditure and revenue. 2.3.1 Classification/sectorization Classification system and conformity with official standards Methodological framework is the European system of accounts, 1995 edition (ESA 95). The legal basis is Table 0200 of the ESA 95 transmission programme - Annex B of Council Regulation (EC) N° 2223/96 of 25 June 1996, to Commission Regulation (EC) N° 1500/2000 of 10 July 2000 with respect to general government expenditure and revenue, and to Commission Regulation (EC) N° 995/2001 of 22 May 2001 implementing Council and European Parliament Regulation (EC) N° 2516/2000 of 10 July 2000 on the recording of taxes and social contributions.

II. Scope of the data

2.2.1 Scope   Scope of the data Geographical coverage EU and euro area aggregates, EU Member States, Acceding Countries (Bulgaria, Romania), Candidate Countries (Turkey, Croatia, Former Yugoslav Republic of Macedonia), Norway, Switzerland, Iceland. Statistical units Institutional units and groupings of units as defined in ESA 95. Statistical population Target population is the general government sector.

III. Accounting Conventions

2.4.2 Recording basis Reference period The legal requirement is for all series at the sector level to be available back to 1970. However, the length of the series available varies widely from one country to another. Data for the sub-sectors as well as counterparts for transactions D.4, D.7 and D.9 are to be provided from 1995 onwards. Base period Not applicable. Recording of transactions Accounting conventions are those of ESA95. Time of recording of taxes and social contributions should be in accordance with Commission Regulation (EC) N° 995/2001 of 22 May 2001 implementing Council and European Parliament Regulation (EC) N° 2516/2000 of 10 July 2000. Net lending/net borrowing (B9) should correspond to the difference between total revenue and total expenditure, defined according to Commission Regulation (EC) N° 1500/2000 of 10 July 2000 with respect to general government expenditure and revenue. For sector S.13, items D.4, D.7, and D.9 (and their sub-items) are to be consolidated. As a result, for these items and also for total revenue (TR) and total expenditure (TE), the sum of sub-sectors does not equal the sector value. TRD995 is to be deducted from TRD99REC. No amount of TRD995 is to be included under TRD9PAY. 2.4.3 Grossing/netting procedures The net lending/net borrowing (B9) in ESA table 0200 should correspond to the balance EDP B9 notified under the Excessive Deficit Procedure and available in the GENGOV95 table of the Eurostat Reference Database, except for different accounting treatment of interest flows under swaps and forward rate agreements (FRAs). However, there might be a difference in B9 resulting from a timing difference in reporting the data. For the calculation of the deficit or surplus as a percentage of GDP, there may also be a timing difference in the GDP figure used.

IV. Nature of the Basic Data Sources

3.1.1 Source data collection programs Data sources used Annual national accounts data, primarily derived from administrative and other records of general government. Type of survey Reporting tables of the ESA 95 transmission programme (Table 0200 on “main aggregates of general government“), to be completed by national authorities. Techniques of data collection Once data are compiled by national authorities in the reporting format, they are transmitted via GESMES to Eurostat and to OECD. When data are validated by Eurostat they are transmitted to ECB.

V. Compilation Practices

3.3.2 Other statistical procedures Compilation of European aggregates Data are transmitted in national currency. Eurostat converts into euro using annual average exchange rates. Percentages of GDP calculations are based on annual GDP data submitted to Eurostat, and revised whenever revised GDP data are submitted. EU and euro area series are formed by the aggregation of the country data. Adjustments Data are not adjusted. Country footnotes: DK, SI, SE: no consolidation of D4 at S13 level. DK, UK: transaction K2 not adjusted for UMTS sales. EL, CY, UK: transaction D6311_D63121__D63131PAY included in transaction P2. AT: for D4, D7 and D9, consolidation has not been made within each sub-sector. Therefore these transactions and also TR and TE are overstated. PL: Transaction P51 includes K2. CZ: no consolidation of D4 at S13 level before 2002. SK: consolidation at S13 level for D7 and D9 only from 2001, and for D4 only from 2002. SE: transactions P13 and P2 are consolidated between sub-sectors at the sector level. NO: D4 and D9 not consolidated. FR, PL: D995 does not fully comply with Commission Regulation 995/2001. NL: series break in 2001 due to national accounts revision. D995 data are not applicable (incorrectly coded as zero). DK: data exclude flows related to defined contribution pension schemes. RO: data for 2001 are provisional. IT: sector data for 1995-2000 are not fully consistent with the sub-sectors. 3.4.1 Validation of intermediate results Data validation of statistical data Data are loaded into Eurostat Reference Database once validated by Eurostat. The validation process consists of arithmetic and quality checks including consistency with ESA 95 methodology and with other data reported to Eurostat.

VI. Other Aspects

Footnotes

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