Budget Statistics and Tables

List of Tables
 
Table 1 Summary of Current and Capital Budgets, 2000 and 2001 and Projections for 2002 and 2003
Table 2 Current Receipts 2000 to 2003
Table 3 How gross current expenditure will be allocated
Table 4 Summary of Adjustments to 2001 Net Current Expenditure
Table 4 (a) Current Expenditure Projections - 2002 and 2003
Table 5 Summary of Adjustments to 2001 Capital Expenditure
Table 5 (a) Capital Expenditure Projections - 2002 and 2003
Table 6 Explanation of net difference between the Exchequer Balance and the General Government
Table 7 Explanatory table of Budget 2001
Table A Trend in the Current Budget Balance, Exchequer Balance and the General Govenrment Balance
Table B Trend in the National Debt and General Government Balance
Table C Trend in the service of National Debt as a percentage of Expenditure and Taxation
   

 Table 1

Summary of Current and Capital Budgets, 2000 and 2001 and Projections for 2002 and 2003
  [see notes over]
 
      2000 2001 2002 2003
      Estimated Post-Budget Projection Projection
      Outturn Estimate    
Current Budget            
      £m     £m    £m    £m
Current Expenditure            
Gross Voted (Departmental Expenditure Voted by Dail)     15,104 17,407 19,195 20,438
Non-voted (Central Fund expenditure)     3,131 2,680 2,686 2,866
Expenditure from Social Insurance Fund     2,475 2,782 3,003 3,142
Gross Current Expenditure     20,710 22,869 24,884 26,446
             
less Appropriations-in-aid (including PRSI) Note 2 -4,148 -4,472 -4,683 -4,866
less  Departmental Balances Note 3 -129 -20 -   -  
             
Net Current Expenditure Tables 4 and 4a   16,434 18,377 20,201 21,579
           
  Current Receipts          
Tax Revenue Table 2   21,492 23,990 26,440 29,100
Non-Tax Revenue Table 2   440 532 538 547
             
Total Current Receipts     21,932 24,522 26,977 29,647
             
Current Budget Surplus     5,498 6,145 6,777 8,068
             
Capital Budget          
             
Capital Expenditure            
Gross Voted (Departmental Expenditure voted by Dail)     3,133 4,046 4,553 4,366
Non-voted (Expenditure under legislation)     200 118 100 100
Pre-funding of future pension liabilities Note 4   1,850 765 839 912
less Appropriations-in-aid Note 2 -72 -104 -77 -68
             
Net Capital Expenditure Tables 5 and 5a   5,111 4,826 5,415 5,309
           
             
Capital Resources Note 5   2,091 1,219 871 654
             
Capital Budget Balance     -3,020 -3,607 -4,545 -4,656
             
General Contingency Provision Note 6   -400 -900
             
Exchequer Surplus Note 7 2,478 2,538 1,832 2,512
             
General Government Surplus Note 8 3,800 3,900 3,795 5,100
             
  GGSurplus as % of GDP Note 8 4.7% 4.3% 3.8% 4.6%
             
  GDP Value (ESA 95 basis) Note 8   80,625 91,750 101,025 110,050
  Note that figures may not add due to rounding          
             
Table 1 €
             
Summary of Current and Capital Budgets, 2000 and 2001 and Projections for 2002 and 2003
            [see notes over]
      2000 2001 2002 2003
      Estimated Post-Budget Projection Projection
      Outturn Estimate    
Current Budget            
      €m €m €m €m
Current Expenditure            
Gross Voted (Departmental Expenditure Voted by Dail)     19,178 22,102 24,373 25,951
Non-voted (Central Fund expenditure)     3,976 3,403 3,410 3,639
Expenditure from Social Insurance Fund     3,143 3,533 3,814 3,989
Gross Current Expenditure     26,296 29,038 31,596 33,579
             
less Appropriations-in-aid (including PRSI) Note 2 -5,267 -5,679 -5,947 -6,179
less Departmental Balances Note 3 -163 -25 - -
             
Net Current Expenditure Tables 4 and 4a   20,867 23,334 25,650 27,400
             
Current Receipts            
Tax Revenue Table 2   27,289 30,461 33,572 36,950
Non-Tax Revenue Table 2   559 675 683 694
             
Total Current Receipts     27,848 31,136 34,254 37,644
             
Current Budget Surplus     6,981 7,803 8,605 10,244
             
Capital Budget            
             
Capital Expenditure            
Gross Voted (Departmental Expenditure voted by Dail)     3,979 5,138 5,781 5,543
Non-voted (Expenditure under legislation)     254 150 127 127
Pre-funding of future pension liabilities Note 4   2,349 971 1,066 1,157
less Appropriations-in-aid Note 2 -92 -131 -97 -86
             
Net Capital Expenditure Tables 5 and 5a   6,490 6,127 6,876 6,742
             
             
Capital Resources Note 5   2,656 1,547 1,105 830
             
Capital Budget Balance     -3,834 -4,580 -5,771 -5,912
             
General Contingency Provision Note 6   0 0 -508 -1,143
             
Exchequer Surplus Note 7   3,147 3,222 2,326 3,189
             
General Government Surplus Note 8   4,825 4,952 4,819 6,476
             
GGSurplus as % of GDP Note 8   4.7% 4.3% 3.8% 4.6%
             
GDP Value (ESA 95 basis) Note 8   102,373 116,498 128,275 139,735
  Note that figures may not add due to rounding          

Notes on Table 1

The projections reflect:
(a) the impact of the measures announced in Budget 2001;
(b) technical provisions under the expenditure and tax headings for possible future budgets, with full year costs of £1.3 billion in 2002 and £1.2 billion in 2003 in respect of changes in tax and gross current expenditure which include the changes indicated in Budget 2001 for those years.  The level of these changes will be subject to review in light of emerging economic conditions.
 
(c) unchanged interest rates;
(d) the cost of reducing Corporation Tax rates by 4 percentage points in  2002 and 3.5 percentage points in 2003;
(e) a decrease in Capital Services Redemption Account assets of £400 million in 2001 and £230 million in 2002.  The estimate for the 2000 outturn for non-voted current expenditure includes a payment of £178 million into the Capital Services Redemption Account in 2000.
 
Appropriations-in-Aid  are Departmental receipts which, with the approval of the Dail, may be retained by a Department or  Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.  Details of gross voted Departmental expenditure are contained in the Estimates for Public Services.  PRSI receipts accrue to the Social Insurance Fund.
 
Departmental balances are those amounts issued from the Exchequer Account of the Central Fund for Departmental  spending in one year which remain unspent at year-end and are carried forward to be used in the next year.
 
This includes the annual set-aside of at least 1% of GNP for the pre-funding of part of the future cost of social welfare and public service pensions and in addition, receipts arising in 2000 from the sale of Telecom Eireann which were assigned to pre-funding.
 
The 2000 figure excludes the repayment of a loan of £100 million by the Insurance Compensation Fund.  This loan was made to the Insurance Compensation Fund in 1985 for a 15 year term.
 
This is a contingency provision against all budgetary costs which cannot be quantified at this stage.
 
The 2000 outturn estimates are identical to the White Paper figures except in the case of 1) Tax Revenue  which is £8 million lower due to the change in Excise receipts as a consequence of the Budget changes and 2) an outturn for voted capital which is £39 million lower than the White Paper figure.
 
The figures for GDP and GGB values are the ESA 95 equivalent.
 
Measurement of Expenditure Increases
 
Net Current Expenditure
With the introduction of the new Local Government Fund in 1999, £244 million is included in the 2001 Estimates which is not included in 1998 and earlier years.  To allow a proper assessment of the annual average increase in current expenditure, £244 million must be removed from the 2001 figures.

  1997 2001 Annual Average
  Outturn Estimate Increase
  £m £m  
Central Fund 3,691 2,680 -7.7%
 
Net Voted Departmental Expenditure 10,335 15,697 11.0%
 
Total Net Current Expenditure 14,026 18,377 7.0%
 
 
Local Government Fund   244  
 
Total Net Current Expenditure (adjusted) 14,026 18,133 6.6%
Notes to Table 1
The projections reflect:
(a) the impact of the measures announced in Budget 2001;
 
(b) technical provisions under the expenditure and tax headings for possible future budgets, with full year costs of €1.7 billion in 2002 and €1.5 billion in 2003 in respect of changes in tax and gross current expenditure which include the changes indicated in Budget 2001 for those years.  The level of these changes will be subject to review in light of emerging economic conditions.
 
(c) unchanged interest rates;
 
(d) the cost of reducing Corporation Tax rates by 4 percentage points in  2002 and 3.5 percentage points in 2003;
 
(e) a decrease in Capital Services Redemption Account assets of €508 million in 2001 and €292 million in 2002.  The estimate for the 2000 outturn for non-voted current expenditure includes a payment of €226 million into the Capital Services Redemption Account in 2000.
 
Appropriations-in-Aid  are Departmental receipts which, with the approval of the Dail, may be retained by a Department or  Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.  Details of gross voted Departmental expenditure are contained in the Estimates for Public Services.  PRSI receipts accrue to the Social Insurance Fund.
 
Departmental balances are those amounts issued from the Exchequer Account of the Central Fund for Departmental  spending in one year which remain unspent at year-end and are carried forward to be used in the next year.
 
This includes the annual set-aside of at least 1% of GNP for the pre-funding of part of the future cost of social welfare and public service pensions and in addition, receipts arising in 2000 from the sale of Telecom Eireann which were assigned to pre-funding.
 
The 2000 figure excludes the repayment of a loan of €127 million by the Insurance Compensation Fund.  This loan was made to the Insurance Compensation Fund in 1985 for a 15 year term.
 
This is a contingency provision against all budgetary costs which cannot be quantified at this stage.
 
The 2000 outturn estimates are identical to the White Paper figures except in the case of 1) Tax Revenue  which is €10 million lower due to the change in Excise receipts as a consequence of the Budget changes and 2) an outturn for voted capital which is €49 million lower than the White Paper figure.
 
The figures for GDP and GGB values are the ESA 95 equivalent.
 
Measurement of Expenditure Increases
Net Current Expenditure
With the introduction of the new Local Government Fund in 1999, €310 million is included in the 2001 Estimates which is not included in 1998 and earlier years.  To allow a proper assessment of the annual average increase in current expenditure, EUR310 million must be removed from the 2001 figures.
  1997 2001 Annual Average
  Outturn Estimate Increase
  €m €m  
Central Fund 4,687 3,403 -7.7%
 
Net Voted Departmental Expenditure 13,123 19,931 11.0%
 
Total Net Current Expenditure 17,809 23,334 7.0%
 
Less      
Local Government Fund   310  
 
Total Net Current Expenditure (adjusted) 17,809 23,024 6.6%

Table 2

Current Receipts 2000 to 2003
    2000 2001 2002 2003
    Estimated Post-Budget Projection Projection
    Outturn   Estimate     
    £m £m £m £m
Tax Revenue          
Customs   163 181 189 198
Excise Duties (a)   3,439 3,760 4,116 4,398
Capital Taxes   814 942 892 1,139
Stamp Duties   887 1,005 1,072 1,107
Income Tax   7,273 7,780 8,461 9,258
Corporation Tax   3,007 3,388 3,912 4,466
Value Added Tax   5,889 6,924 7,790 8,526
Agricultural Levies (EU)   9 9 9 9
Employment and Training Levy   11 1 0 0
 
Tax Receipts   21,492 23,990 26,440 29,100
 
Non-Tax Revenue
Central Bank - Surplus Income   170 259 259 259
National Lottery Surplus   134 126 128 132
Interest on Loans & Dividends   56 52 53 55
Other Receipts   82 95 98 101
Total Non-Tax Revenue   440 532 538 547
Total Current Receipts   21,932 24,522 26,977 29,647
 
(a) The 2000 outturn figure relfects a deduction of ú8 million from the White Paper figure which is the net impact in 2000 of the changes to Excise Duties made on the 7 December 2000.         
 
Current Receipts 2000 to 2003
    2000 2001 2002 2003
    Estimated Post-Budget Projection Projection
    Outturn   Estimate     
    €m €m €m €m
Tax Revenue
Customs   207 230 240 251
Excise Duties (a)   4,367 4,774 5,227 5,584
Capital Taxes   1,034 1,196 1,132 1,446
Stamp Duties   1,126 1,276 1,361 1,406
Income Tax   9,234 9,879 10,743 11,755
Corporation Tax   3,818 4,302 4,967 5,670
Value Added Tax   7,477 8,792 9,891 10,826
Agricultural Levies (EU)   11 11 11 11
Employment and Training Levy   14 1 0 0
 
Tax Receipts   27,289 30,461 33,572 36,950
 
Non-Tax Revenue
Central Bank - Surplus Income   215 329 329 329
 
National Lottery Surplus   170 160 162 167
 
Interest on Loans & Dividends   70 65 67 70
 
Other Receipts   103 121 124 128
 
Total Non-Tax Revenue   559 675 683 694
 
Total Current Receipts 27,848 31,136 34,254 37,644
(a) The 2000 outturn figure reflects a deduction of EUR10 million from the White Paper figure which is the net impact in 2000 of the changes to Excise Duties made on the 7 December 2000.         

Table 3

How gross current expenditure will be allocated
2001 Post-Budget     Percentage of Total
  £m  £m  Gross Expenditure
 
Service of National Debt
Interest (a) 1,707   7.3%
Sinking Funds 377   1.6%
Other debt management expenses 26   0.1%
    2,109 9.1%
 
EU Budget Contribution   940  
 
Economic Services
Industry and Labour 809   3.5%
Agriculture 814   3.5%
Fisheries, Forestry 83   0.4%
Tourism 78   0.3%
    1,784 7.7%
 
Infrastructure   87 0.4%
 
Social Services
Health 4,980   21.4%
Education 3,278   14.1%
Social Welfare 6,154   26.4%
Subsidies, etc. 217   0.9%
    14,629 62.9%
 
Security   1,795 7.7%
 
Other   1,925 8.3%
 
Gross Expenditure   23,269 100.0%
 
Note that figures may not add due to rounding.
 
(a)  Of the £2,109 million cost of servicing the National Debt in 2001, £1,709 will be met from the Exchequer and £400m will be met by reducing the assets of the Capital Services Redemption Account.

Table 4

Summary of Adjustments to 2001 Net Current Expenditure
 
  2001 2001
Vote Vote Estimates on Pre-Budget basis (a) Adjustments in the Budget Revised Estimates
  No.      
    £000 £000 £000
1 President's Establishment 1,343   1,343
2 Houses of the Oireachtas and the European Parliament 42,669   42,669
3 Department of the Taoiseach 22,109   22,109
4 Ordnance Survey Ireland 7,330   7,330
5 Central Statistics Office. 40,415   40,415
6 Office of the Minister for Finance 80,862   80,862
7 Superannuation and Retired Allowances 125,756   125,756
8 Office of the Comptroller and Auditor General 4,307   4,307
9 Office of the Revenue Commissioners 194,105   194,105
10 Office of Public Works 93,715   93,715
11 State Laboratory 4,110   4,110
12 Secret Service 735   735
13 Office of the Attorney General 8,105   8,105
14 Office of the Director of Public Prosecutions 12,160   12,160
15 Valuation Office 5,429   5,429
16 Civil Service Commission 8,129   8,129
17 Office of the Ombudsman 2,972   2,972
18 Office of the Chief State Solicitor 20,663   20,663
19 Office of the Minister for Justice, Equality and Law Reform 161,253 400 161,653
20 Garda Síochána 655,514 150 655,664
21 Prisons 190,900   190,900
22 Courts Service 39,935   39,935
23 Land Registry and Registry of Deeds 21,116   21,116
24 Charitable Donations and Bequests 303   303
25 Environment and Local Government 475,444 1,540 476,984
26 Office of the Minister for Education and Science 192,352 2,850 195,202
27 First Level Education 967,623 1,050 968,673
28 Second Level and Further Education 1,120,740 6,100 1,126,840
29 Third Level and Further Education 813,267   813,267
30 Marine and Natural Resources 74,065 4,000 78,065
31 Agriculture, Food and Rural Development 518,596 235 518,831
32 Public Enterprise 197,575 300 197,875
33 Health and Children  3,929,079 256,553 4,185,632
34 Enterprise, Trade and Employment 632,642 10,980 643,622
35 Tourism, Sport and Recreation 124,520 20,000 144,520
36 Defence 566,056   566,056
37 Army Pensions 97,422   97,422
38 Foreign Affairs 94,838 200 95,038
39 International Co-operation 188,402   188,402
40 Social, Community and Family Affairs 2,945,486 383,680 3,329,166
41 An Chomhairle Ealaion 32,500   32,500
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 122,441 1,500 123,941
43 National Gallery 3,999   3,999
  Administrative Budget Carryover   16,200 16,200
  Increases in Remuneration and Pensions (b)   170,000 170,000
 
  Total Net Voted Expenditure 14,840,982 875,738 15,716,720
 
Less Departmental Balances (c)   -20,000 -20,000
 
  Exchequer Payments towards Voted Expenditure (d) 14,840,982 855,738 15,696,720
 
Plus Non-voted Current Expenditure (i.e. Central Fund) 2,680,000   2,680,000
 
  Net Current Expenditure 17,520,982 855,738 18,376,720
 
(a)  As shown in the White Paper on Receipts and Expenditure.      
(b) This is a global provision to cover tthe cost in 2001 of the adjustment to the pay terms of the PPF agreed on 4 December and the craft analogue review.
 
(c) Departmental expenditure is net of Appropriations-in-Aid.  These are Departmental receipts which with the agreement of the Dáil may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.
 
(d) Departmental balances are those amounts issued from the Exchequer Account of the Central Fund for Departmental spending in one year which remain unspent at year-end and are carried forward to be used in the next year.
 
Table 4 €
 
Summary of Adjustments to 2001 Net Current Expenditure
    2001 2001
Vote Vote Estimates on Pre-Budget basis (a) Adjustments in the Budget Revised Estimates
 
  No.      
    €000s €000s €000s
1 President's Establishment 1,705   1,705
2 Houses of the Oireachtas and the European Parliament 54,178   54,178
9 Office of the Revenue Commissioners 246,463   246,463
10 Office of Public Works 118,994   118,994
11 State Laboratory 5,219   5,219
12 Secret Service 933   933
13 Office of the Attorney General 10,291   10,291
14 Office of the Director of Public Prosecutions 15,440   15,440
15 Valuation Office 6,893   6,893
16 Civil Service Commission 10,322   10,322
17 Office of the Ombudsman 3,774   3,774
18 Office of the Chief State Solicitor 26,237   26,237
19 Office of the Minister for Justice, Equality and Law Reform 204,749 508 205,257
20 Garda Síochána 832,331 190 832,522
21 Prisons 242,393   242,393
22 Courts Service. 50,707   50,707
23 Land Registry and Registry of Deeds 26,812   26,812
24 Charitable Donations and Bequests 385   385
25 Environment and Local Government 603,689 1,955 605,645
26 Office of the Minister for Education and Science 244,237 3,619 247,855
27 First Level Education 1,228,628 1,333 1,229,961
28 Second Level and Further Education 1,423,046 7,745 1,430,792
29 Third Level and Further Education 1,032,636   1,032,636
30 Marine and Natural Resources 94,043 5,079 99,122
31 Agriculture, Food and Rural Development 658,481 298 658,779
32 Public Enterprise 250,869 381 251,249
33 Health and Children  4,988,901 325,755 5,314,656
34 Enterprise, Trade and Employment 803,290 13,942 817,231
35 Tourism, Sport and Recreation 158,108 25,395 183,503
36 Defence 718,743   718,743
37 Army Pensions 123,700   123,700
38 Foreign Affairs 120,419 254 120,673
39 International Co-operation 239,221   239,221
40 Social, Community and Family Affairs 3,739,996 487,173 4,227,169
41 An Chomhairle Ealaion 41,266   41,266
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 155,468 1,905 157,373
43 National Gallery. 5,078   5,078
  Administrative Budget Carryover   20,570 20,570
  Increases in Remuneration and Pensions (b)   215,855 215,855
 
  Total Net Voted Expenditure 18,844,160 1,111,958 19,956,118
 
Less Departmental Balances (c)   -25,395 -25,395
 
  Exchequer Payments towards Voted Expenditure (d) 18,844,160 1,086,563 19,930,723
 
Plus Non-voted Current Expenditure (i.e. Central Fund) 3,402,898 0 3,402,898
 
  Net Current Expenditure 22,247,058 1,086,563 23,333,621
 
(a) As shown in the White Paper on Receipts and Expenditure.      
(b) This is a global provision to cover tthe cost in 2001 of the adjustment to the pay terms of the PPF agreed on 4 December and the craft analogue review.
 
(c) Departmental expenditure is net of Appropriations-in-Aid.  These are Departmental receipts which with the agreement of the Dáil may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.
 
(d) Departmental balances are those amounts issued from the Exchequer Account of the Central Fund for Departmental spending in one year which remain unspent at year-end and are carried forward to be used in the next year.
 

Table 4(a)

Current Expenditure Projections - 2002 and 2003
    2002 2003
  MINISTERIAL GROUP Net Net
    £000 £000
1 Taoiseach 47,319 54,111
       
2 Finance 636,770 653,165
       
3 Public Enterprise 196,004 195,305
       
4 Justice, Equality & Law Reform 1,090,063 1,114,031
       
5 Environment and Local Government 498,926 512,117
       
6 Education and Science 3,405,877 3,542,054
       
7 Marine and Natural Resources 82,067 83,655
       
8 Agriculture, Food and Rural Development 587,025 605,557
       
9 Enterprise, Trade & Employment 724,818 770,745
       
10 Tourism, Sport & Recreation 161,466 170,736
       
11 Defence 661,545 689,372
       
12 Foreign Affairs 391,337 441,834
       
13 Social, Community & Family Affairs 3,678,400 3,798,100
       
14 Health & Children 4,691,501 5,163,979
       
15 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 164,828 167,351
       
  Unallocated current expenditure (a) 497,000 751,000
       
  Total Voted Expenditure 17,514,946 18,713,112
       
  plus  Non-voted Current Expenditure  (i.e. Central Fund) 2,685,700 2,866,100
       
  Net Current Expenditure  20,200,646 21,579,212
       
(a) This heading includes the 2002 and 2003 costs of the adjustment to the pay terms of the PPF agreed on 4 December 2000 and the craft analogue review in addition to a provision for non-pay costs in those years. 
 
Table 4 (a) €
Current Expenditure Projections - 2002 and 2003
    2002 2003
MINISTERIAL GROUP   Net Net
    €000s €000s
1 Taoiseach 60,083 68,707
       
2 Finance 808,531 829,348
       
3 Public Enterprise 248,874 247,986
       
4 Justice, Equality & Law Reform 1,384,094 1,414,528
       
5 Environment and Local Government 633,505 650,254
       
6 Education and Science 4,324,572 4,497,481
       
7 Marine and Natural Resources 104,204 106,220
       
8 Agriculture, Food and Rural Development 745,368 768,899
       
9 Enterprise, Trade & Employment 920,329 978,644
       
10 Tourism, Sport & Recreation 205,020 216,790
       
11 Defence 839,989 875,322
       
12 Foreign Affairs 496,895 561,013
       
13 Social, Community & Family Affairs 4,670,605 4,822,592
       
14 Health & Children 5,956,977 6,556,901
       
15 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 209,288 212,492
       
  Unallocated current expenditure (a) 631,060 953,573
       
  Total Voted Expenditure 22,239,394 23,760,751
       
  plus  Non-voted Current Expenditure  (i.e. Central Fund) 3,410,136 3,639,196
       
  Net Current Expenditure  25,649,529 27,399,947
(a) This heading includes the 2002 and 2003 costs of the adjustment to the pay terms of the PPF agreed on 4 December 2000 and the craft analogue review in addition to a provision for non-pay costs in those years. 

Table 5

Summary of Adjustments to 2001 Capital Expenditure
2001 2001
Vote Vote Estimates on Pre-Budget basis (a) Adjustments in the Budget Revised Estimates
  No.      
 
    £000 £000 £000
 
3 Department of the Taoiseach 22,001   22,001
4 Ordnance Survey Ireland 1,850   1,850
5 Central Statistics Office 2,613   2,613
6 Office of the Minister for Finance 52,188 5,000 57,188
9 Office of the Revenue Commissioners 9,558   9,558
10 Office of Public Works 225,800 2,200 228,000
19 Office of the Minister for Justice, Equality and Law Reform 39,482   39,482
20 Garda Síochána 25,396   25,396
21 Prisons 37,134 200 37,334
22 Courts Service 22,634   22,634
25 Environment and Local Government 1,789,957 6,500 1,796,457
26 Office of the Minister for Education and Science 28,661 1,000 29,661
27 First Level Education 102,500 1,750 104,250
28 Second Level and Further Education 125,300 3,000 128,300
29 Third Level and Further Education 173,670 400 174,070
30 Marine and Natural Resources 91,621 11,500 103,121
31 Agriculture, Food and Rural Development 64,760   64,760
32 Public Enterprise 318,400   318,400
33 Health and Children  285,000 300 285,300
34 Enterprise, Trade and Employment 219,589 2,250 221,839
35 Tourism, Sport and Recreation 101,399 3,745 105,144
36 Defence 44,190   44,190
38 Foreign Affairs 3,793   3,793
40 Social, Community and Family Affairs 7,200   7,200
41 An Chomhairle Ealaion 4,000   4,000
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 102,439 340 102,779
43 National Gallery 3,200   3,200
44 Flood Relief 250   250
 
  Total Net Voted Capital (b) 3,904,585 38,185 3,942,770
 
Plus Non-voted Exchequer Capital 117,900   117,900
 
Plus Pre-funding of future pension liabilities 765,000   765,000
 
  Total expenditure 4,787,485 38,185 4,825,670
 
(a) As shown in the White Paper on Receipts and Expenditure.      
 
(b) Departmental expenditure is net of Appropriations-in-Aid.  These are Departmental receipts which with the agreement of the Dáil may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.                                  
 
Table 5 €
Summary of Adjustments to 2001 Capital Expenditure
2001 2001
Vote Vote Estimates on Pre-Budget basis (a) Adjustments in the Budget Revised Estimates
  No.      
    €000s €000s €000s
 
3 Department of the Taoiseach 27,936   27,936
4 Ordnance Survey Ireland 2,349   2,349
5 Central Statistics Office 3,318   3,318
6 Office of the Minister for Finance 66,265 6,349 72,614
9 Office of the Revenue Commissioners 12,136   12,136
10 Office of Public Works 286,707 2,793 289,500
19 Office of the Minister for Justice, Equality and Law Reform 50,132   50,132
20 Garda Síochána 32,246   32,246
21 Prisons 47,150 254 47,404
22 Courts Service 28,739   28,739
25 Environment and Local Government 2,272,777 8,253 2,281,030
26 Office of the Minister for Education and Science 36,392 1,270 37,662
27 First Level Education 130,148 2,222 132,370
28 Second Level and Further Education 159,098 3,809 162,907
29 Third Level and Further Education 220,515 508 221,023
30 Marine and Natural Resources 116,335 14,602 130,937
31 Agriculture, Food and Rural Development 82,228   82,228
32 Public Enterprise 404,285   404,285
33 Health and Children  361,875 381 362,256
34 Enterprise, Trade and Employment 278,821 2,857 281,677
35 Tourism, Sport and Recreation 128,750 4,755 133,505
36 Defence 56,110   56,110
38 Foreign Affairs 4,816   4,816
40 Social, Community and Family Affairs 9,142   9,142
41 An Chomhairle Ealaion 5,079   5,079
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 130,071 432 130,502
43 National Gallery 4,063   4,063
44 Flood Relief 317   317
  Total Net Voted Capital (b) 4,957,800 48,485 5,006,285
Plus Non-voted Exchequer Capital 149,702 0 149,702
Plus Pre-funding of future pension liabilities 971,350 0 971,350
  Total expenditure 6,078,852 48,485 6,127,337
(a) As shown in the White Paper on Receipts and Expenditure.      
(b) Departmental expenditure is net of Appropriations-in-Aid.  These are Departmental receipts which with the agreement of the Dáil may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund.                                  

Table 5 (a) 

Capital Expenditure Projections - 2002 and 2003
    2002 2003
Vote Vote    
No.   Net Net
    £000 £000
       
3 Department of the Taoiseach 9,500 5,500
4 Ordnance Survey Ireland 1,620 1,620
5 Central Statistics Office 587 587
6 Office of the Minister for Finance 69,173 54,589
9 Office of the Revenue Commissioners 7,000 7,000
10 Office of Public Works 240,850 208,263
19 Office of the Minister for Justice, Equality and Law Reform 15,288 24,115
20 Garda Síochána 13,739 10,862
21 Prisons 39,834 41,555
22 Courts Service 19,846 21,033
25 Environment and Local Government 2,212,570 2,152,519
26 Office of the Minister for Education and Science 25,100 26,545
27 First Level Education 92,546 73,770
28 Second Level and Further Education 110,400 75,000
29 Third Level and Further Education 213,000 184,440
30 Marine and Natural Resources 90,569 82,466
31 Agriculture, Food and Rural Development 79,171 82,172
32 Public Enterprise 371,591 255,553
33 Health and Children  336,600 422,700
34 Enterprise, Trade and Employment 261,478 284,026
35 Tourism, Sport and Recreation 124,846 129,269
36 Defence 18,845 21,945
38 Foreign Affairs 3,793 3,793
40 Social, Community and Family Affairs 6,575 4,175
41 An Chomhairle Ealaion 4,000 4,000
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 106,812 119,679
43 National Gallery 750 750
    4,476,083 4,297,926
       
  Total Voted Net Capital  (a) 4,476,083 4,297,926
       
Plus Non-voted Exchequer Capital 100,000 100,000
       
Plus Pre-funding of future pension liabilities 839,250 911,500
       
  Total Capital Expenditure 5,415,333 5,309,426
(a) The above figures for 2002 and 2003 are NPC projections of the post-Budget 2000 figures (as set out in Table 5) and are consistent with the Exchequer Capital expenditure portion of the allocations in the National Development Plan 2000-2006.
       
Table 5 (a) €
       
Capital Expenditure Projections - 2002 and 2003
  2002 2003
Vote Vote    
No.   Net Net
    €000 €000
       
3 Department of the Taoiseach 12,063 6,984
4 Ordnance Survey Ireland 2,057 2,057
5 Central Statistics Office 745 745
6 Office of the Minister for Finance 87,832 69,314
9 Office of the Revenue Commissioners 8,888 8,888
10 Office of Public Works 305,816 264,439
19 Office of the Minister for Justice, Equality and Law Reform 19,412 30,620
20 Garda Síochána 17,445 13,792
21 Prisons 50,579 52,764
22 Courts Service 25,199 26,706
25 Environment and Local Government 2,809,384 2,733,135
26 Office of the Minister for Education and Science 31,870 33,705
27 First Level Education 117,509 93,669
28 Second Level and Further Education 140,179 95,230
29 Third Level and Further Education 270,454 234,190
30 Marine and Natural Resources 114,999 104,710
31 Agriculture, Food and Rural Development 100,526 104,337
32 Public Enterprise 471,823 324,485
33 Health and Children  427,394 536,718
34 Enterprise, Trade and Employment 332,009 360,639
35 Tourism, Sport and Recreation 158,522 164,138
36 Defence 23,928 27,864
38 Foreign Affairs 4,816 4,816
40 Social, Community and Family Affairs 8,349 5,301
41 An Chomhairle Ealaion 5,079 5,079
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 135,623 151,961
43 National Gallery 952 952
    5,683,453 5,457,240
       
  Total Voted Net Capital  (a) 5,683,453 5,457,240
       
Plus Non-voted Exchequer Capital 126,974 126,974
       
Plus Pre-funding of future pension liabilities 1,065,628 1,157,366
       
  Total Capital Expenditure 6,876,055 6,741,580
(a) The above figures for 2002 and 2003 are NPC projections of the post-Budget 2000 figures (as set out in Table 5) and are consistent with the Exchequer Capital expenditure portion of the allocations in the National Development Plan 2000-2006. It is expected that other non-Exchequer sources of finance (e.g. PPP) will be available to finance NDP, it is anticipated that PPP spending will be accelerated in 2003.

Table 6

v
EXPLANATION OF NET DIFFERENCE BETWEEN EXCHEQUER SURPLUS AND GENERAL GOVERNMENT SURPLUS
The Exchequer Surplus is the traditional domestic budgetary aggregate which measures Central Government's net  surplus or borrowing position.  It is the difference between total receipts into and total expenditure out of the Exchequer Account of the Central Fund.
 
The General Government Balance (GGB) measures the fiscal performance of all arms of Government, i.e. Central Government, Local Authorities, Health Boards, Vocational Education Committees and non-commercial State sponsored bodies, as well as Funds such as the Social Insurance Fund which are managed by Central Government Departments.  It thus provides an assessment of the fiscal performance of a more complete "government" sector. 
 
The GGB does not reflect the position of commercial State sponsored bodies as these agencies are classified as being outside the General Government Sector.
 
The GGB is calculated in accordance with ESA95, a consistent standard developed by the EU to facilitate budgetary comparisons between EU Member States in accordance with their obligations under the Maastricht Treaty.
 
Details of the variation between the Exchequer Balance and the GGB are set out in the table below.
    2000 2001 2002 2003
     Data are in IR£ million Estimated Post-Budget Projection Projection
    Outturn Estimate    
 
   Exchequer Surplus 2,478 2,538 1,832 2,512
 
   Interest adjustments    (a) 258 -330 -282 -17
 
   Exclude equity and loan transactions    (b) -1,249 74 85 85
 
   Net (Borrowing)/Surplus of non-commercial State sponsored bodies -1 3
 
   Adjustments for Transactions between the Exchequer and Government Departments/Offices and Extra-Budgetary Funds    (c) -11 -9 30 30
 
   Impact of the Temporary Holding Fund in 2000 and 2001   (d) 2,035 975    
   Impact of the National Pensions Reserve Fund in 2002 and 2003   (d)     1,070 1,159
 
   Accrual Adjustments    (e) 63 201 257 284
 
   Net (Borrowing)/Surplus of Central Government 3,573 3,452 2,992 4,053
 
   Net Surplus of the Social Insurance Fund 341 454 803 1,047
 
   Net (Borrowing)/Surplus of Local Authorities -114 -6
 
   General Government Surplus 3,800 3,900 3,795 5,100
 
   Net Difference between Exchequer Surplus and GGSurplus 1,322 1,362 1,963 2,588
 
(a) This adjustment reflects the requirement, under ESA95 rules, that changes in the assets of the Capital Services Redemption Account and capital gains or losses on foreign exchange contracts, swaps, etc., should be excluded from the interest  to be recorded for the purpose of calculating the GGB.
 
(b) Equity and loan transactions are excluded from the GGB on the basis that they affect the composition but not the level of assets and liabilities.  The proceeds from the sale of shares in Eircom (formerly Telecom Eireann) does not affect the GGB as this is treated as a financial transaction under ESA conventions and is not counted as income of the General Government Sector.
 
(c) Transfers between units within the General Government Sector do not affect the GGB.
 
(d) The Temporary Holding Fund and the National Pensions Reserve Fund (to be established in 2001) are part of the General Government Sector and transactions within the Sector do not impact on the GGB.  These figures include the contributions paid from the Exchequer and a provision for interest earnings by the funds.
 
(e) This adjustment is required in respect of certain transactions recorded on an accruals basis in calculating the GGB.  The main adjustments are in respect of Value Added Tax receipts and Departmental Balances.
 
Table 6 €
 
EXPLANATION OF NET DIFFERENCE BETWEEN EXCHEQUER SURPLUS AND GENERAL GOVERNMENT SURPLUS
 
The Exchequer Surplus is the traditional domestic budgetary aggregate which measures Central Government's net  surplus or borrowing position.  It is the difference between total receipts into and total expenditure out of the Exchequer Account of the Central Fund.
 
The General Government Balance (GGB) measures the fiscal performance of all arms of Government, i.e. Central Government, Local Authorities, Health Boards, Vocational Education Committees and non-commercial State sponsored bodies, as well as Funds such as the Social Insurance Fund which are managed by Central Government Departments.  It thus provides an assessment of the fiscal performance of a more complete "government" sector. 
 
The GGB does not reflect the position of commercial State sponsored bodies as these agencies are classified as being outside the General Government Sector.
The GGB is calculated in accordance with ESA95, a consistent standard developed by the EU to facilitate budgetary comparisons between EU Member States in accordance with their obligations under the Maastricht Treaty.
 
Details of the variation between the Exchequer Balance and the GGB are set out in the table below.
    2000 2001 2002 2003
  Data are in million euros Estimated Post-Budget Projection Projection
    Outturn Estimate    
 
   Exchequer Surplus 3,147 3,222 2,326 3,189
 
   Interest adjustments    (a) 328 -419 -358 -22
 
   Exclude equity and loan transactions    (b) -1,586 94 108 108
 
   Net (Borrowing)/Surplus of non-commercial State sponsored bodies -1 4    
 
   Adjustments for Transactions between the Exchequer and Government    Departments/Offices and Extra-Budgetary Funds    (c) -14 -11 38 38
 
   Impact of the Temporary Holding Fund in 2000 and 2001   (d) 2,584 1238 0 0
   Impact of the National Pensions Reserve Fund in 2002 and 2003   (d)     1,359 1,472
 
   Accrual Adjustments    (e) 80 255 326 361
 
   Net (Borrowing)/Surplus of Central Government 4,537 4,383 3,799 5,146
 
   Net Surplus of the Social Insurance Fund 433 576 1020 1,329
 
   Net (Borrowing)/Surplus of Local Authorities -145 -8    
 
   General Government Surplus 4,825 4,952 4,819 6,476
 
   Net Difference between Exchequer Surplus and GGSurplus 1,679 1,729 2,492 3,286
 
(a) This adjustment reflects the requirement, under ESA95 rules, that changes in the assets of the Capital Services Redemption Account and capital gains or losses on foreign exchange contracts, swaps, etc., should be excluded from the interest  to be recorded for the purpose of calculating the GGB.
 
(b) Equity and loan transactions are excluded from the GGB on the basis that they affect the composition but not the level of assets and liabilities.  The proceeds from the sale of shares in Eircom (formerly Telecom Eireann) does not affect the GGB as this is treated as a financial transaction under ESA conventions and is not counted as income of the General Government Sector.
 
(c) Transfers between units within the General Government Sector do not affect the GGB.
 
(d) The Temporary Holding Fund and the National Pensions Reserve Fund (to be established in 2001) are part of the General Government Sector and transactions within the Sector do not impact on the GGB.  These figures include the contributions paid from the Exchequer and a provision for interest earnings by the funds.
 
(e) This adjustment is required in respect of certain transactions recorded on an accruals basis in calculating the GGB.  The main adjustments are in respect of Value Added Tax receipts and Departmental Balances.
 

 Table 7 

EXPLANATORY TABLE OF BUDGET, 2001(a)
CURRENT BUDGET
Revenue £m £m £m Expenditure £m £m £m
 
  Pre-Budget Tax Revenue     24,450 Pre-Budget Voted expenditure [per Estimates for the Public Services]     14,841
  Deduct:              
  Income Tax reliefs:       Adjust for:      
  changes in exemption limits, personal allowances,       Net revisions to Estimates (c)   62  
  standard tax rate and standard bands -700            
  other Income Tax concessions -28 -727   Add:      
          Impact of Social Inclusion Measures      
  VAT measures: -157     Social Welfare improvements (d) 384    
  Corporation Tax measures: -8     Health Developments 181    
  Capital Tax measures: -15     Education and Science 10    
          Other 9 583  
  Stamp Duty measures -20            
  Excise measures: -155 -354          
          Impact of Non Social Inclusion Measures      
  Impact of change to Income Tax Calendar year -119     Adjustment to pay terms of PPF 170    
  Change to relief-at-source to Medical Insurance -50 -169   Health Developments 14    
          Miscellaneous: 47 230  
  Net effect on tax projections of tax and spending changes (b)            
      791          
          Estimated Departmental Balances (e)   -20  
 
  Post-Budget Tax Revenue     23,990        
 
          Voted Expenditure on post-Budget basis     15,697
  Non-Tax Revenue     532        
 
          Pre-Budget non-voted (Central Fund) expenditure as shown in the White Paper   3,080  
          Deduct:  Reduction in Capital Services Redemption Account Assets   -400 2,680
 
  Post-Budget Current Revenue     24,522 Total Current Expenditure on post-Budget basis     18,377
 
CURRENT BUDGET SURPLUS   6,145
 
CAPITAL BUDGET DEFICIT   -3,607
 
EXCHEQUER SURPLUS   2,538
 
(a) This table shows the effects of the implementation of the Budget day measures on the pre-Budgetary position shown in the White Paper on Receipts and Expenditure.
 
(b) The Budget Measures have an impact on the economy with changes in consumption and investment patterns etc. leading to estimated additional tax buoyancy of £791 million. 
 
(c) This figure reflects the technical adjustments to the Health and Children Vote
 
(d) The full Department of Social, Community and Family Affairs expenditure in respect of the social welfare package in this Budget is £850 million.  In the year 2001, the total gross cost of the package is £587 million of which £384 million is funded from the Exchequer and £203 million is met from the Social Insurance Fund.
 
(e) Departmental balances are those amounts issued from the Central Fund for Departmental spending in one year which remain unspent at year-end and are carried forward to be used in the next year.  They have no effect on Departmental spending which is governed by the allocation in the Estimates for Public Service.
 
TABLE 7 €
 
EXPLANATORY TABLE OF BUDGET, 2001(a)
CURRENT BUDGET
 
  Revenue €m €m €m Expenditure €m €m €m
 
  Pre-Budget Tax Revenue   31,045   Pre-Budget Voted expenditure [per Estimates      
          for the Public Services (Abridged Version)]   18,844.20  
 
  Income Tax reliefs:       Adjust for:      
  changes in exemption limits, personal allowances,       Net revisions to Estimates (c)   79.2  
  standard tax rate and standard bands -888            
  other Income Tax concessions -35 -923   Add:      
          Impact of Social Inclusion Measures      
  VAT measures: -199        Social Welfare improvements (d) 487.2    
  Corporation Tax measures: -10     Health Developments 229.2    
  Capital Tax measures: -19     Education and Science 12.7    
          Other 11.4 740.5  
  Stamp Duty measures -25            
  Excise measures: -197 -450          
          Impact of Non Social Inclusion Measures      
  Impact of change to Income Tax Calendar year -151     Adjustment to pay terms of PPF 215.9    
  Change to relief-at-source to Medical Insurance -63 -215   Health Developments 17.3    
          Miscellaneous: 59 292.2  
  Net effect on tax projections of tax and              
  spending changes (b)   1,004          
          Estimated Departmental Balances (e)   -25.4  
 
  Post-Budget Tax Revenue     30,461        
 
          Voted Expenditure on post-Budget basis     19930.7
  Non-Tax Revenue     675        
 
          Pre-Budget non-voted (Central Fund) expenditure as shown in the White Paper   3910.8  
          Deduct:  Reduction in Capital Services Redemption Account Assets   -507.9 3402.9
 
  Post-Budget Current Revenue     31,136 Total Current Expenditure on post-Budget basis     23,333.60
 
CURRENT BUDGET SURPLUS   7,802
 
CAPITAL BUDGET DEFICIT   -4,580
 
EXCHEQUER SURPLUS   3,222
(a) This table shows the effects of the implementation of the Budget day measures on the  pre-Budgetary position shown in the White Paper on Receipts and Expenditure.
 
(b) The Budget Measures have an impact on the economy with changes in consumption and investment patterns etc. leading to estimated additional tax buoyancy of EUR1004 million. 
 
(c) This figure reflects the technical adjustments to the Health and Children Vote
 
(d) The full Department of Social, Community and Family Affairs expenditure in respect of the social welfare package in this Budget is EUR1,079 million.  In the year 2001, the total gross cost of the package is EUR745 million of which EUR488 million is funded from the Exchequer and EUR258 million is met from the Social Insurance Fund.
 
(e) Departmental balances are those amounts issued from the Central Fund for Departmental spending in one year which remain unspent at year-end and are carried forward to be used in the next year.  They have no effect on Departmental spending which is governed by the allocation in the Estimates for Public Service.

 

24,450
TABLE A
 
TREND IN THE CURRENT BUDGET SURPLUS/DEFICIT
THE EXCHEQUER SURPLUS/DEFICIT
GENERAL GOVERNMENT SURPLUS/DEFICIT 1977-2000
Current Budget Balance Exchequer Balance General Government Balance
Year £M % of GNP £M % of GNP £M % of GDP
  1977 -201 -3.6 -545 -9.7 - -
  1978 -397 -6 -810 -12.3 - -
  1979 -522 -6.3 -1,009 -13.1 - -
  1980 -547 -6 -1,217 -13.4 - -
  1981 -802 -7.3 -1,722 -15.7 - -
  1982 -988 -7.9 -1,945 -15.5 - -
  1983 -960 -7 -1,756 -12.8 - -
  1984 -1,039 -7 -1,825 -12.2 - -
  1985 -1,284 -8 -2,015 -12.6 - -
  1986 -1,395 -7.9 -2,145 -12.1 - -
  1987 -1,180 -6.2 -1,786 -9.4 -1,811 -8.6
(a) 1988 -317 -1.6 -619 -3.1 -1,020 -4.5
  1989 -263 -1.1 -479 -2.2 -449 -1.8
  1990 -152 -0.6 -462 -1.8 -631 -2.2
(b) 1991 -298 -1.1 -499 -1.9 -685 -2.3
  1992 -446 -1.6 -713 -2.5 -752 -2.4
  1993 -379 -1.2 -690 -2.3 -771 -2.2
  1994 15 0 -672 -2 -609 -1.6
  1995 -362 -1 -627 -1.7 -899 -2.1
  1996 292 0.7 -436 -1.1 -117 -0.2
  1996 292 0.7 -436 -1.1 -280 -0.6
  1997 604 1.3 -235 -0.5 406 0.8
  1998 2,091 3.9 747 1.4 1,267 2.1
  1999 3,439 5.8 1,192 2 1,330 1.9
* 2000 5,498 8.1 2,478 3.7 3,800 4.7
** 2001 6,145 8 2,538 3.3 3,900 4.3
 
Notes Figures are on an ESA 79 basis to 1996 and on an ESA 95 basis thereafter
  Parentheses denote deficit in a particular year
  *  Projected Outturn
  **  Post Budget Estimate.
 
(a) Inclusive of receipts of £450 million under the tax incentive scheme (amnesty).
 
(b) The Current Budget position and Exchequer position are exclusive of £270 million proceeds from flotation of Irish Life.  All proceeds of the sales of State equity are excluded from the General Government position.
 
TABLE A €
 
TREND IN THE CURRENT BUDGET SURPLUS/DEFICIT
THE EXCHEQUER SURPLUS/DEFICIT
GENERAL GOVERNMENT SURPLUS/DEFICIT 1977-2000
Current Budget Balance Exchequer Balance General Government Balance
 
Year €M % of GNP €M % of GNP €M % of GDP
  1977 -255 -3.6 -692 -9.7 - -
  1978 -504 -6 -1028 -12.3 - -
  1979 -663 -6.3 -1,281 -13.1 - -
  1980 -695 -6 -1,545 -13.4 - -
  1981 -1018 -7.3 -2,186 -15.7 - -
  1982 -1255 -7.9 -2,470 -15.5 - -
  1983 -1219 -7 -2,230 -12.8 - -
  1984 -1,319 -7 -2,317 -12.2 - -
  1985 -1,630 -8 -2,559 -12.6 - -
  1986 -1,771 -7.9 -2,724 -12.1 - -
  1987 -1,498 -6.2 -2,268 -9.4 -2,299 -8.6
(a) 1988 -403 -1.6 -786 -3.1 -1,295 -4.5
  1989 -334 -1.1 -608 -2.2 -570 -1.8
  1990 -193 -0.6 -587 -1.8 -801 -2.2
(b) 1991 -378 -1.1 -634 -1.9 -870 -2.3
  1992 -566 -1.6 -905 -2.5 -955 -2.4
  1993 -481 -1.2 -876 -2.3 -979 -2.2
  1994 19 0 -853 -2 -773 -1.6
  1995 -460 -1 -796 -1.7 -1141 -2.1
  1996 371 0.7 -554 -1.1 -149 -0.2
  1996 371 0.7 -554 -1.1 -356 -0.6
  1997 767 1.3 -298 -0.5 516 0.8
  1998 2,655 3.9 948 1.4 1,609 2.1
  1999 4,367 5.8 1,514 2 1,689 1.9
* 2000 6,981 8.1 3,147 3.7 4,825 4.7
** 2001 7,803 8 3,222 3.3 4,952 4.3
 
Notes Figures are on an ESA 79 basis to 1996 and on an ESA 95 basis thereafter
  Parentheses denote deficit in a particular year
  *  Projected Outturn
  **  Post Budget Estimate.
 
(a) Inclusive of receipts of €571 million under the tax incentive scheme (amnesty).
 
(b) The Current Budget position and Exchequer position are exclusive of €343 million proceeds from flotation of Irish Life.  All proceeds of the sales of State equity are excluded from the General Government position.

 

TABLE B
TREND IN NATIONAL DEBT AND GENERAL GOVERNMENT DEBT
Total National Debt General GovernmentDebt (a)
Year £m % of GNP £m % of GDP
1977 4,229 75.2 - -
1978 5,167 78.6 - -
1979 6,540 85.0 - -
1980 7,896 87.0 - -
1981 10,195 93.2 - -
1982 11,669 92.9 - -
1983 14,392 104.8 - -
1984 16,821 112.8 - -
1985 18,502 115.6 - -
1986 21,611 122.2 - -
1987 23,694 125.0 - -
1988 24,611 122.7 - -
1989 24,828 111.9 - -
1990 25,083 99.0 26,802 93.7
1991 25,378 95.9 28,218 95.1
1992 26,344 94.1 29,026 92.1
1993 28,357 93.3 32,718 96.1
1994 29,227 88.8 33,132 90.5
1995 30,209 82.3 34,410 83.1
1996 29,912 73.9 33,917 74.3
1997 30,689 66.1 34,342 65.1
1998 29,541 55.5 33,295 55.0
1999 31,383 53.1 34,621 50.1
 
(a) ESA 95 basis from 1990
 
The General Government Debt essentially includes the cumulative gross debt of the local authorities and the non-commercial state sponsored bodies as well as nearly all of the National Debt measured on a gross basis.  It excludes Central Government liabilities to institutions classified within the General Government sector; these are included in the National Debt.
 
It should be noted that the National Debt is calculated net of domestic and foreign liquid assets whereas the General Government Debt is calculated on a gross basis.  The debt of the commercial state bodies is excluded from both National Debt and the General Government Debt.
 
The Finance Accounts for each year contains a detailed breakdown of the National Debt.
 
TABLE B €
TREND IN NATIONAL DEBT AND GENERAL GOVERNMENT DEBT
Total National Debt General Government Debt (a)
Year €m % of GNP €m % of GDP
1977 5,370 75.2 - -
1978 6,561 78.6 - -
1979 8,304 85.0 - -
1980 10,026 87.0 - -
1981 12,945 93.2 -
1982 14,817 92.9 - -
1983 18,274 104.8 - -
1984 21,358 112.8 - -
1985 23,493 115.6 - -
1986 27,440 122.2 - -
1987 30,085 125.0 - -
1988 31,250 122.7 - -
1989 31,525 111.9 - -
1990 31,849 99.0 34,032 93.7
1991 32,223 95.9 35,829 95.1
1992 33,450 94.1 36,855 92.1
1993 36,006 93.3 41,543 96.1
1994 37,111 88.8 42,069 90.5
1995 38,358 82.3 43,692 83.1
1996 37,980 73.9 43,066 74.3
1997 38,967 66.1 43,605 65.1
1998 37,509 55.5 42,276 55.0
1999 39,848 53.1 43,960 50.1
 
(a) ESA 95 basis from 1990
 
The General Government Debt essentially includes the cumulative gross debt of the local authorities and the non-commercial state sponsored bodies as well as nearly all of the National Debt measured on a gross basis.  It excludes Central Government liabilities to institutions classified within the General Government sector; these are included in the National Debt.
 
It should be noted that the National Debt is calculated net of domestic and foreign liquid assets whereas the General Government Debt is calculated on a gross basis.  The debt of the commercial state bodies is excluded from both National Debt and the General Government Debt.
 
The Finance Accounts for each year contains a detailed breakdown of the National Debt.

 

TABLE  C
TREND IN SERVICE OF NATIONAL DEBT AS A % OF NET CURRENT
EXPENDITURE AND AS % OF OVERALL TAXATION
Service of National Debt
Year Service of National Debt (£m) % of Net Current Expenditure (a) % of Tax Revenue (b)
  1977 334 17.1 22.5
  1978 418 17.3 24.2
  1979 514 17.7 25.6
  1980 661 17.9 25.2
  1981 885 18.5 26.7
  1982 1,249 21.2 30.8
  1983 1,456 21.8 31.1
  1984 1,705 24.5 32.1
  1985 1,967 25.8 35.2
  1986 1,989 24.5 32.6
  1987 2,118 25.4 32.6
(c) 1988 2,141 26.6 31.2
  1989 2,141 26.7 28.8
  1990 2,300 27.3 29.1
  1991 2,351 25.9 28.2
  1992 2,355 24 26.4
  1993 2,390 22.7 24.8
  1994 2,227 19.9 21
  1995 2,405 19.9 21.3
  1996 2,360 18.6 18.8
  1997 2,755 19.6 19.3
  1998 2,559 17.8 15.9
  1999 2,512 16.2 13.5
* 2000 2,242 13.6 10.4
** 2001 2,109 11.5 8.8
 
* Provisional Outturn.
** Post-Budget Estimate.
(a) Current expenditure is measured on a net basis as in Table 4.
(b) PRSI receipts are not included in Tax Revenue.
(c) The 1988 figures exclude the exceptional once-off receipts of £450m under the tax incentive scheme (amnesty)
 
TABLE  C  €
TREND IN SERVICE OF NATIONAL DEBT AS A % OF NET CURRENT
EXPENDITURE AND AS % OF OVERALL TAXATION
Service of National Debt
Year National Debt % of Net Current Expenditure (a) % of Tax Revenue (b)
  1977 424 17.1 22.5
  1978 531 17.3 24.2
  1979 653 17.7 25.6
  1980 839 17.9 25.2
  1981 1124 18.5 26.7
  1982 1,586 21.2 30.8
  1983 1,849 21.8 31.1
  1984 2,165 24.5 32.1
  1985 2,498 25.8 35.2
  1986 2,526 24.5 32.6
  1987 2,689 25.4 32.6
(c) 1988 2,719 26.6 31.2
  1989 2,719 26.7 28.8
  1990 2,920 27.3 29.1
  1991 2,985 25.9 28.2
  1992 2,990 24 26.4
  1993 3,035 22.7 24.8
  1994 2,828 19.9 21
  1995 3,054 19.9 21.3
  1996 2,997 18.6 18.8
  1997 3,498 19.6 19.3
  1998 3,249 17.8 15.9
* 1999 3,190 16.2 13.5
** 2000 2,847 13.6 10.4
  2001 2,678 11.5 8.8
 
* Provisional Outturn.
** Post-Budget Estimate.
(a) Current expenditure is measured on a net basis as in Table 4.
(b) PRSI receipts are not included in Tax Revenue.
(c) The 1988 figures exclude the exceptional once-off receipts of €571m under the tax incentive scheme (amnesty)
(c) The 1988 figures exclude the exceptional once-off receipts of €571m under the tax incentive scheme (amnesty)