Prepared by the Government and presented to Dáil Éireann in accordance with the
provisions of Article 28 of the Constitution.
EXPLANATORY NOTES
1. Basis of figures
The figures shown for receipts and expenditure in 2001 are projected outturns and
reflect present knowledge.They are subject to revision when the end-year figures
become available.Fully audited details for 2001 will be available in the 2001 Finance
Accounts to be published not later than 30 September 2002.
2. Revenue
The estimate of revenue for 2002 is based on the tax provisions in force at present.
The projected outturn for 2001 includes €223 million collected under the Voluntary
Disclosure Scheme (see Note 1 on page 6).
3. Expenditure
The Estimates for Public Services (Abridged Version)& Summary Public Capital
Programme 2002 (AEV), was published on 15 November 2001.The estimated expenditure
figures for 2002 contained in the White Paper are consistent with those published
in the AEV. However, the 2001 outturn figures for voted expenditure are different
from the 2001 figures which were published in the AEV as the figures have been revised
to reflect more up-to-date information.
4. Appropriations-in-Aid
Voted expenditures are shown net of Appropriations-in-Aid. These are receipts which,
with the agreement of the Dáil, may be retained by a Department or Office to offset
expenditures instead of being paid into the Exchequer Account of the Central Fund.
Details of gross voted expenditures by Departments are contained in the Estimates
for Public Services (Abridged Version) & Summary Public Capital Programme
2002.
5. PRSI
PRSI contributions are paid into the Social Insurance Fund (SIF) and do not
form part of the revenues paid into the Central Fund as is explained in the following
paragraphs.
Disbursements by the Department of Social Community and Family Affairs fall under
three main categories, namely,
(a) payments out of the SIF which are related to the entitlement of persons
under their insurance/PRSI/benefit record, e.g. unemployment benefit, contributory
pensions, etc.,
(b) payments to persons who have ceased to qualify or have never qualified
under their insurance/PRSI/benefit record to be paid out of the SIF, e.g. unemployment
assistance, non-contributory pensions, etc., and
(c) other payments such as grants to organisations.
The amount voted by the Dáil to the Department of Social Community and Family Affairs
is composed of payments falling under (b) and (c) above, together with any sum needed
by the SIF to ensure that the total income of the fund is not less than the total
sum paid out of the Fund in any year.
For most past years, an Exchequer contribution has been required to meet the shortfall
on SIF. However, no Exchequer contribution has been required since 1997.
6. Prefunding of future pensions liabilities
The National Pensions Reserve Fund Act, 2000 provides for prefunding part of the
future cost of social welfare and public service pensions, and the setting aside
of 1% of estimated Gross National Product (GNP) annually for this purpose (see Note
7)
7. Proceeds from sale of ICC Investment Bank and TSB
The proceeds from the sale of ICC Investment Bank and TSB in 2001 are included as
Capital Receipts (see Note 5).
8. Service of National Debt
The 2001 projected Central Fund outturn reflects a reduction of €56 million in the
assets of the Capital Services Redemption Account. The 2002 figure reflects a reduction
of €292 million in these assets.
9. Tables in Euro
The Tables and Notes shown on pages 4 to 10 are denominated in euros. Tables and
Notes in Irish pound equivalents are shown on pages 11 to 17. Rounding may affect
totals.
Click here for Tables in euro
Click here for Tables in £