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Current Developments in Public Finance
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State Budget 

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 State Budget Revenues and Expenditure
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 Lending and Repayments
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 Borrowing and Amortisation of Debt
   

Thousand of EUR 
Total
Total
Total
2008
2008
 
2005 (*)
2006 (*)
2007
Jan.Mar.
Apr.Jun.
Jul.Sep.
September
October
November
STATE BUDGET REVENUES AND EXPENDITURE
I. TOTAL  REVENUES 6.801.960 7.396.476 7.799.944 1.786.939 2.333.597 2.165.066 715.250 733.682 684.876
   CURRENT REVENUES (1. + 2.) 6.486.137 7.029.219 7.432.602 1.733.648 2.234.882 2.069.914 697.825 725.233 620.561
    1. Tax revenues  6.112.787 6.685.970 7.052.407 1.651.831 2.154.493 1.897.117 626.902 693.964 594.332
        1.1. Taxes on income and profit 1.665.246 2.107.757 2.032.485 466.806 878.990 578.969 180.414 173.532 191.432
        1.2. Social security contributions 41.570 44.485 48.375 13.108 12.624 13.328 4.548 4.694 4.582
        1.3. Taxes on payroll and workforce 526.193 472.934 418.141 59.414 62.192 63.493 21.842 22.142 22.726
        1.4. Taxes on property 3.152 0 0 0 0 0 0 0 0
        1.5. Domestic taxes on goods and services 3.833.625 4.005.017 4.434.351 1.086.285 1.165.942 1.209.628 410.163 484.554 365.675
        1.6. Taxes on international trade and transactions 39.060 50.681 117.079 25.584 33.702 30.961 9.698 10.227 9.691
        1.7. Other taxes 3.941 5.096 1.976 634 1.044 737 237 -1.185 225
    2. Non-tax revenues 373.350 343.249 380.195 81.817 80.389 172.797 70.923 31.269 26.229
    3. Capital revenues 8.582 15.788 16.197 3.611 2.469 2.409 1.278 453 476
    4. Grants 4.373 2.566 3.355 1.217 1.625 1.598 302 303 537
    5. Transferred revenues 467 509 536 143 146 155 53 53 54
    6. Receipts from the EU budget 302.401 348.394 347.254 48.321 94.475 90.990 15.792 7.640 63.248
II. TOTAL  EXPENDITURE 7.181.393 7.628.520 7.762.890 1.869.079 2.138.375 1.857.867 651.475 675.542 831.792
    CURRENT EXPENDITURE 1.955.746 2.084.758 2.237.720 662.128 586.190 512.505 175.542 192.815 191.488
    of wich: Interest payments 367.743 372.041 350.853 219.113 67.862 10.746 4.835 21.913 1.077
    CURRENT TRANSFERS 4.357.043 4.521.421 4.306.787 1.005.911 1.342.876 1.044.887 338.857 351.754 475.926
    CAPITAL EXPENDITURE 268.417 377.927 539.409 48.787 82.996 108.470 41.411 34.414 40.113
    CAPITAL TRANSFERS 314.598 356.523 323.070 24.532 50.102 125.018 69.502 48.119 91.336
    PAYMENTS TO THE EU BUDGET 285.589 287.892 355.904 127.721 76.211 66.987 26.162 48.440 32.928
III. BUDGET SURPLUS (BUDGET DEFICIT) (I. - II.) -379.433 -232.044 37.054 -82.140 195.222 307.199 63.776 58.140 -146.916
PRIMARY SURPLUS (DEFICIT)  (TOTAL REVENUES LESS INTEREST RECEIPTS MINUS TOTAL EXPENDITURE LESS INTEREST PAYMENTS) -43.683 119.401 376.811 129.344 258.278 311.464 65.873 75.084 -148.418
CURRENT SURPLUS (DEFICIT) 173.348 423.040 888.094 65.608 305.816 512.522 183.426 180.664 -46.853

Thousand of EUR 
Total
Total
Total
2008
2008
 
2005 (*)
2006 (*)
2007
Jan.Mar.
Apr.Jun.
Jul.Sep.
September
October
November
LENDING AND REPAYMENTS
IV. REPAYMENTS OF LOANS AND SALES OF EQUITIES 49.064 57.355 537.893 22.578 9.919 29.041 24.930 4.166 968
V. LENDING AND ACQUISITION OF EQUITIES 37.706 36.420 77.687 10.537 36.925 123.872 115.696 -18.071 256
VI. LENDING MINUS REPAYMENTS (IV. - V.) 11.358 20.934 460.206 12.041 -27.007 -94.831 -90.766 22.237 712

Thousand of EUR 
Total
Total
Total
2008
2008
 
2005 (*)
2006 (*)
2007
Jan.Mar.
Apr.Jun.
Jul.Sep.
September
October
November
BORROWING AND AMORTISATION OF DEBT
VII. BORROWING 1.723.670 1.409.356 849.636 1.012.667 -38.234 24.900 -677 -48.351 60.474
    1. Domestic borrowing  1)   1.717.899 1.400.728 649.900 1.012.667 -38.234 24.900 -677 -48.351 60.474
        1.1. Loans from banks 61.029 61.864 60.925 0 0 0 0 0 0
        1.2. Other   1.656.870 1.338.864 588.976 1.012.667 -38.234 24.900 -677 -48.351 60.474
    2. External borrowing 5.771 8.628 199.736 0 0 0 0 0 0
VIII. AMORTISATION OF DEBT 1.671.057 1.071.567 922.933 640.093 553.860 43.519 33.125 3.764 3.540
    1. Amortisation of domestic debt 1) 1.126.171 929.876 882.040 622.915 548.637 28.776 24.106 1.462 80
        1.1. Amortisation of loans from banks   94.090 93.584 85.793 25.601 39.175 1.833 0 126 0
        1.2. Other 1.032.081 836.292 796.248 597.314 509.461 26.942 24.106 1.336 80
    2. Amortisation of external debt 544.885 141.691 40.893 17.179 5.223 14.743 9.019 2.302 3.460
IX. CHANGES IN CASH AND DEPOSITS (III.+VI.+VII.-VIII.) 2) -315.461 126.680 423.963 302.474 -423.879 193.749 -60.793 28.262 -89.270
X. NET FINANCING 3)                                       (VI. + VII. - VIII. - IX. = - III.)  379.433 232.044 -37.054 82.140 -195.222 -307.199 -63.776 -58.140 146.916

 

 

1) Short term loans are shown on net basis.
2) Positive value denotes growth of cash and deposits.
3) Net financing is financing of the budget deficit (surplus) and includes lending minus repayments, borrowing and amortisation of debt and changes in cash and deposits.
(*) Before 2007 the data are converted according to the irrevocably fixed exchange rate of 239.64 tolars per euro.