Tables in IR£

TABLE  1 
 
Summary of Current and Capital Budgets 2001 to 2004
  (see notes over)
 
  2001 2002 2003 2004
  Estimated Post-Budget Projection Projection
  Outturn Estimate    
  Current Budget        
  £m £m £m £m
  Current Expenditure        
  Gross Voted (Departmental expenditure voted by Dail) 17879 20421 22068 23673
  Non-voted (Central Fund) expenditure 2910 2696 2899 3205
  Expenditure from the Social Insurance Fund 2876 3298 3471 3630
     Gross Current Expenditure 23665 26415 28438 30507
 
less Appropriations-in-aid (including PRSI) Note 2 4493 5266 5359 5576
less Departmental Balances Note 3 75 22 0 0
 
  Net Current Expenditure Tables 4 and 4a 19097 21127 23079 24931
 
  Current Receipts        
  Tax Revenue Table 2 22003 23885 25956 28020
  Non-Tax Revenue 630 1628 539 553
 
  Total Current Receipts 22633 25514 26495 28573
 
  Current Budget Balance 3536 4387 3416 3642
 
 
  Capital Budget        
           
  Capital Expenditure        
  Gross Voted (Departmental expenditure voted by Dail) 4006 4452 4830 5222
  Non-voted (Expenditure under legislation) 90 90 88 41
  Pre-funding of future pension liabilities Note 4 765 815 877 939
less Appropriations-in-Aid Note 2 107 100 93 87
 
  Net Capital Expenditure Tables 5 and 5a 4753.4843 5256 5702 6115
 
 
  Capital Resources Note 5 1480.2407 1003 766 793
 
  Capital Budget Balance        
    -3273 -4253 -4937 -5322
           
  General Contingency Provision Note 6     827 1221
           
 
  Exchequer Balance Note 7 263 134 -2347 -2900
 
  General Government Balance Note 8 1281 659 -492 -719
 
  GG Balance as a % of GDP Note 8 1.4% 0.7% -0.5% -0.6%
 
 
  GDP Value (ESA 95 basis) Note 8 90688 97815 106045 114256
  GNP Value (ESA 95 basis) Note 8 75468 81473 87695 93897
   Note that figures may not add due to rounding        


Notes to Table 1
 
Note 1 The Projections reflect:
(a) the impact of the measures announced in Budget 2002;
(b) technical provisions under the expenditure and tax headings for possible future budgets, with full year costs of £950 million both in 2003 and in 2004 in respect of changes in tax and gross current expenditure.  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 3.5 percentage points in 2003;
(e) a decrease in the assets of the capital services redemption account of £44 million in 2001,£394 million in 2002 and £197 million in 2003 which is reflected in the figures for non-voted (Central Fund) expenditure 
 
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.
 
Note 3 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.
 
Note 4 Under the terms of the National Pensions Reserve Fund Act, 2001, 1% of GNP annually is paid into the National Pensions Reserve Fund for the pre-funding of part of the future cost of social welfare and public service pensions.
 
Note 5 The 2001 figure includes receipts of £254 million from the sale of the ICC Investment Bank and of £322 million from the sale of the TSB.
 
Note 6 This is a contingency provision against all budgetary costs which cannot be quantified at this stage.
 
Note 7 The 2001 outturn estimates are identical to the White Paper figures except for the Tax Revenue figure which is £8 million higher due to the additional Excise receipts as a consequence of the Budget changes.
 
Note 8 The figures for GDP and GGB values are the ESA 95 equivalent.

 

 
Table 2  IR£
 
Current Receipts 2001 to 2004
 
  2001 2002 2003 2004
  Estimated Post-Budget Projection Projection
  Outturn   Estimate     
  £m £m £m £m
Tax Revenue        
 
Customs 127 132 137 142
Excise Duties (a) 3194 3469 3717 3974
Capital Taxes 806 716 928 997
Stamp Duties 960 961 999 1047
Income Tax 7164 7439 7990 8670
Corporation Tax 3378 4238 4579 4951
Value Added Tax 6189 6922 7598 8230
Agricultural Levies (EU) 9 9 9 9
Voluntary Disclosure Scheme 176      
 
Tax Receipts 22003 23885 25956 28020
 
 
Non-Tax Revenue  
 
Central Bank - Surplus Income 355 374 252 252
National Lottery Surplus 138 139 153 162
Interest on Loans & Dividends 40 42 41 39
Euro-changeover once-off receipt (b) - 480 - -
Transfer from the Social Insurance Fund (c) - 500 - -
Other Receipts 97 93 94 99
Total Non-Tax Revenue 630 1628 539 553
 
Total Current Receipts 22633 25514 28573 26495
 
 
(a) The 2001 outturn figure reflects an addition of £8 million to the White Paper figure which is the net impact in 2001 of the changes to Excise Duties made on the 5 December 2001.         
(b) Proposed transfers from the Central Fund in respect of amounts arising in the context of the euro changeover
(c) Contribution to the Exchequer in 2002 from the Social Insurance Fund. 

 

Table 3  IR£
 
How gross current expenditure will be allocated
 
 
       Percentage
2002 Post-Budget       of Total
        Gross
  £m £m  Expenditure
 
Service of National Debt      
Interest (a) 1555   5.8%
Sinking Funds 375   1.4%
Other debt management expenses 27   0.1%
    1957 7.3%
 
EU Budget Contribution   1088 4.1%
 
Economic Services      
Industry and Labour 996   3.7%
Agriculture 995   3.7%
Fisheries, Forestry 89   0.3%
Tourism 93   0.3%
    2174 8.1%
 
Infrastructure   120 0.4%
 
Social Services      
Health 6057   22.6%
Education 3840   14.3%
Social Welfare 7398   27.6%
Subsidies, etc. 272   1.0%
    17567 65.5%
 
Security   1887 7.0%
 
Other   2017 7.5%
 
 
Gross Expenditure   26809 100.0%
 
Note that figures may not add due to rounding.      
(a)  Of the £1,957 million cost of servicing the National Debt in 2002, £1,653 million will be met from the Exchequer and £394 million will be met by reducing the assets of the Capital Services Redemption Account.

 

Table 4 IR£
 
Summary of Adjustments to 2002 Net Current Estimates
 
    2002   2002
Vote Vote Estimates on Adjustments in Revised
No.   Pre-Budget basis (a) Budget 2002 Estimates
    IR£000s IR£000s IR£000s
1 President's Establishment.... 1,555 0 1,555
2 Houses of the Oireachtas and the European Parliament 60,141 0 60,141
3 Department of the Taoiseach.. 24,937 0 24,937
4 Ordnance Survey Ireland.... 6,286 0 6,286
5 Central Statistics Office....... 40,338 0 40,338
6 Office of the Minister for Finance...... 66,640 0 66,640
7 Superannuation and Retired Allowances........ 149,668 0 149,668
8 Office of the Comptroller and Auditor General. 4,876 0 4,876
9 Office of the Revenue Commissioners... 202,169 0 202,169
10 Office of Public Works....... 116,303 0 116,303
11 State Laboratory 4,736 0 4,736
12 Secret Service... 709 0 709
13 Office of the Attorney General 9,011 0 9,011
14 Office of the Director of Public Prosecutions. 19,595 0 19,595
15 Valuation Office. 6,073 0 6,073
16 Civil Service Commission... 8,249 0 8,249
17 Office of the Ombudsman.. 3,487 0 3,487
18 Office of the Chief State Solicitor... 22,357 0 22,357
19 Office of the Minister for Justice, Equality and Law Reform........ 169,014 1,154 170,168
20 Garda Siochana 701,556 394 701,950
21 Prisons. 206,011 0 206,011
22 Courts Service........ 42,158 0 42,158
23 Land Registry and Registry of Deeds.... 22,542 0 22,542
24 Charitable Donations and Bequests. 316 0 316
25 Environment and Local Government 531,153 0 531,153
26 Office of the Minister for Education and Science. 221,450 0 221,450
27 First Level Education 1,106,011 35,834 1,141,845
28 Second Level and Further Education... 1,266,238 29,967 1,296,205
29 Third Level and Further Education.. 945,877 3,938 949,815
30 Marine and Natural Resources........ 85,431 1,969 87,400
31 Agriculture, Food and Rural Development. 643,689 0 643,689
32 Public Enterprise 244,706 12,601 257,307
33 Health and Children 4,810,555 303,523 5,114,078
34 Enterprise, Trade and Employment.. 696,321 492 696,813
35 Tourism, Sport and Recreation........ 145,770 11,372 157,143
36 Defence.... 559,724 0 559,724
37 Army Pensions.... 106,982 0 106,982
38 Foreign Affairs.... 116,530 3,938 120,467
39 International Co-operation.. 292,900 0 292,900
40 Social, Community and Family Affairs 3,550,796 502,655 4,053,451
41 An Chomhairle Ealaion 33,857 0 33,857
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 134,541 788 135,329
43 National Gallery.. 5,485 0 5,485
  Administrative Budget Carryover 0 39,378 39,378
  Provision for Benchmarking 0 118,135 118,135
  Total Net Voted Expenditure (b) 17,386,742 1,066,137 18,452,879
Less Departmental Balances (c) 0 -22,052 -22,052
  Exchequer Payments towards Voted Expenditure 17,386,742 1,044,085 18,430,827
Plus Non-voted Current Expenditure (i.e. Central Fund) 2,695,832 0 2,695,832
  Net Current Expenditure 20,082,573 1,044,085 21,126,659
 
 
(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 Dail may be retained by a Department or Office to offset expenses instead of being paid into the Exchequer Account of the Central Fund
(c) 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)  IR£
 
Current Expenditure Projections - 2002 and 2003
 
 
    2003 2004
  MINISTERIAL GROUP Net Net
    £000s £000s
       
1 Taoiseach. 91,352 86,097
2 Finance...... 645,623 647,772
3 Public Enterprise.. 263,483 272,901
4 Justice, Equality & Law Reform...... 1,168,273 1,170,430
5 Environment and Local Government... 540,575 550,262
6 Education and Science...... 3,830,320 3,842,418
7 Marine and Natural Resources 88,953 88,712
8 Agriculture, Food and Rural Development.. 649,621 651,661
9 Enterprise, Trade & Employment... 726,431 739,825
10 Tourism, Sport & Recreation.. 170,693 169,307
11 Defence... 682,662 649,059
12 Foreign Affairs....... 452,825 547,561
13 Social, Community & Family Affairs.... 4,528,917 4,740,546
14 Health & Children. 5,682,348 6,068,473
15 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean... 178,527 179,995
  Unallocated current expenditure (a). 479,150 1,321,509
  Total Voted Expenditure... 20,179,752 21,726,528
  plus  Non-voted Current Expenditure  (i.e. Central Fund) 2,899,023 3,204,598
  Net Current Expenditure ... 23,078,775 24,931,126
 
(a) This heading includes a provision for net expenditure Budget packages in 2003 and 2004 and a prudent provision for other expenditure items which cannot be allocated to votes at this stage.

 

Table 5  IR£
 
Summary of Adjustments to 2002 Capital Estimates
 
    2002   2002
Vote Vote Estimates on Adjustments in Revised
No.   Pre-Budget basis (a) Budget 2002 Estimates
    £000s £000s £000s
3 Department of the Taoiseach.. 2,835 0 2,835
4 Ordnance Survey Ireland.... 1,541 0 1,541
5 Central Statistics Office....... 588 0 588
6 Office of the Minister for Finance...... 14,081 0 14,081
9 Office of the Revenue Commissioners... 13,852 0 13,852
10 Office of Public Works....... 170,757 2,709 173,466
19 Office of the Minister for Justice, Equality and Law Reform........ 16,333 0 16,333
20 Garda Siochana 21,293 0 21,293
21 Prisons. 39,405 0 39,405
22 Courts Service........ 24,448 197 24,644
23 Land Registry and the Registry of Deeds 1,500 0 1,500
25 Environment and Local Government 1,916,447 240,475 2,156,922
26 Office of the Minister for Education and Science. 27,252 3,938 31,190
27 First Level Education 103,486 28,352 131,838
28 Second Level and Further Education... 129,404 15,582 144,986
29 Third Level and Further Education.. 164,090 5,513 169,603
30 Marine and Natural Resources........ 88,514 19,295 107,809
31 Agriculture, Food and Rural Development. 85,399 2,894 88,293
32 Public Enterprise 346,273 49,617 395,890
33 Health and Children 348,922 33,499 382,421
34 Enterprise, Trade and Employment.. 190,889 158 191,046
35 Tourism, Sport and Recreation........ 66,385 8,195 74,580
36 Defence.... 19,002 14,964 33,966
38 Foreign Affairs.... 5,898 2,363 8,261
40 Social, Community and Family Affairs 7,051 0 7,051
41 An Chomhairle Ealaion 3,685 0 3,685
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 106,896 5,411 112,307
43 National Gallery.. 2,325 0 2,325
44 Flood Relief………………………………………………………………. 50 0 50
         
  Total Net Voted Capital (b) 3,918,601 433,160 4,351,761
Plus Non-voted Exchequer Capital 89,763 0 89,763
Plus Pre-funding of future pension liabilities 814,735 0 814,735
  Total Expenditure 433,160 5,256,259
 
 
(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 Dail 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) IR£
 
Capital Expenditure Projections - 2003 and 2004
 
    2003 2004
Vote Vote    
No.   Net Net
    £000s £000s
3 Department of the Taoiseach.. 0 0
4 Ordnance Survey Ireland.... 1,620 1,620
5 Central Statistics Office....... 588 588
6 Office of the Minister for Finance...... 13,684 11,328
9 Office of the Revenue Commissioners... 10,820 7,157
10 Office of Public Works....... 176,283 142,480
19 Office of the Minister for Justice, Equality and Law Reform........ 20,015 23,765
20 Garda Siochana 16,655 13,819
21 Prisons. 40,961 43,637
22 Courts Service........ 25,528 26,639
25 Environment and Local Government 2,229,618 2,323,359
26 Office of the Minister for Education and Science. 27,711 7,535
27 First Level Education 79,144 82,705
28 Second Level and Further Education... 91,502 95,619
29 Third Level and Further Education.. 170,766 178,450
30 Marine and Natural Resources........ 102,153 106,307
31 Agriculture, Food and Rural Development. 86,647 88,632
32 Public Enterprise 382,036 401,752
33 Health and Children 431,373 429,726
34 Enterprise, Trade and Employment.. 223,877 274,971
35 Tourism, Sport and Recreation........ 69,332 60,661
36 Defence.... 21,545 16,609
38 Foreign Affairs.... 3,793 3,793
40 Social, Community and Family Affairs 4,808 4,001
41 An Chomhairle Ealaion 4,000 4,000
42 An Roinn Ealaion Oidhreachta, Gaeltachta agus Oilean 129,574 138,736
43 National Gallery.. 750 750
  Unallocated Capital Expenditure (a) 372,282 646,236
  Total Net Voted Capital 4,737,063 5,134,872
Plus Non-voted Exchequer Capital 88,207 40,953
Plus Pre-funding of future pension liabilities 876,949 938,973
  Total Expenditure 5,702,219 6,114,799
 
 
(a) These amounts could be available for allocation across votes in 2003 and 2004 in order to make provision for the Government's infrastructural and capital committments, subject to maintaining a prudent overall fiscal position and to compatibility with other competing demands.

 

Table 6  IR £
 
EXPLANATION OF NET DIFFERENCE BETWEEN EXCHEQUER BALANCE AND GENERAL GOVERNMENT BALANCE
 
The Exchequer Balance 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 and the National Pensions Reserve Fund which are managed by government agents.  It thus provides an accurate 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.
 
 
    2001 2002 2003 2004
    Estimated Post-Budget Projection Projection
    Outturn Estimate    
    £m £m £m £m
  Exchequer Surplus 263 134 -2,347 -2,900
  Interest adjustments (a) 25 -439 -17 -17
  Exclude equity and loan transactions (b) -571 -51 32 53
  Net (Borrowing)/Surplus of non-commercial State sponsored bodies -6 -2 - -
  Adjustments for Transactions between the Exchequer and Government Departments/Offices and Extra-Budgetary Funds (c) -91 -57 4 17
  Impact of the National Pensions Reserve Fund (d) 992 1,055 1,162 1,270
  Accrual Adjustments (e) 143 130 245 214
  Net (Borrowing)/Surplus of Central Government 755 771 -922 -1,363
  Net Surplus of the Social Insurance Fund 464 323 430 643
  Transfer from Social Insurance Fund   -500    
  Net (Borrowing)/Surplus of Local Authorities 61 65 - -
  General Government Balance 1,281 659 -492 -719
  Net Difference between Exchequer Surplus and GGSurplus 1,018 525 1,856 2,181
 
(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 recorded for the purposes of calculating the GGB.  An adjustment for interest accrued but not paid on small savings is also included.
(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 sales of the Industrial Credit Corporation and the Trustee Savings Banks are treated as financial transactions under ESA95 conventions and the proceeds from these sales are 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 National Pensions Reserve Fund (which was established in 2001) is within the General Government Sector and transactions within the Sector do not have an 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  IR£
EXPLANATORY TABLE OF BUDGET, 2002 (a)
CURRENT BUDGET
Revenue £m £m Expenditure £m £m
Pre-Budget Tax Revenue   22,902 Pre-Budget Voted expenditure [Estimates for the Public Services (Abridged Version)   17,387
 
Tax changes     Adjust for:    
Income Tax reliefs:     Net revisions to Estimates (c)   134
. changes in exemption limits, personal allowances, rates and bands -365   Add:    
. other Income Tax concessions -27   Impact of Social Inclusion Measures    
VAT measures: 153   Social Welfare improvements (d) 502  
Corporation Tax measures: 614   Health Developments 169  
Stamp Duty measures -16   Education and Science 10  
Excise measures: 201 559 Other 1 683
 
      Impact of Non Social Inclusion Measures    
Net effect on tax projections of tax and spending changes (b)   423 Adjustment to pay terms of PPF 118  
      Health Developments    
Post-Budget Tax Revenue   23885 Miscellaneous: 72 249
      Estimated Departmental Balances (e)   -22
      Voted Expenditure on post-Budget basis   18431
 
Non-Tax Revenue 648   Pre-Budget non-voted (Central Fund) expenditure as shown in the White Paper 2,860  
Add: Euro changeover receipts 480   Deduct: Reduction in Capital Services Redemption Account Assets -164 2696
Add: Social Insurance Fund transfer 500 1629      
 
 
Post-Budget Current Revenue   25514 Total Current Expenditure on post-Budget basis 21127
 
 
 
CURRENT BUDGET SURPLUS       4387
CAPITAL BUDGET        
Pre-Budget Capital Deficit       3,820  
Add:          
Additional Capital Expenditure       433  
CAPITAL BUDGET DEFICIT       4,253
 
EXCHEQUER SURPLUS       134
 
 
(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 leading to additional tax buoyancy.
(c) This figure reflects 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.
(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 A
 
 
TRENDS IN THE CURRENT BUDGET BALANCE,
THE EXCHEQUER BALANCE AND
THE GENERAL GOVERNMENT BALANCE FROM 1987 (a)
 
    Current Exchequer General
    Budget Balance Balance Government Balance
 
Year   £m % of GNP £m % of GNP £m % of GDP
1977   -201 -3.6 -545 -9.7 - -
1978   -397 -6.0 -810 -12.3 - -
1979   -522 -6.8 -1,009 -13.1 - -
1980   -547 -6.0 -1,217 -13.4 - -
1981   -802 -7.3 -1,722 -15.7 - -
1982   -988 -7.9 -1,945 -15.5 - -
1983   -960 -7.0 -1,756 -12.8 - -
1984   -7.0 -1,825 -12.2 - -
1985 (c) -1,284 -8.0 -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
1988 (b) -317 -1.6 -619 -3.1 -1,020 -4.5
1989   -263 -1.2 -479 -2.2 -449 -1.8
1990   -152 -0.6 -462 -1.8 -631 -2.2
1991 (c) -298 -1.1 -499 -1.9 -685
1992   -446 -1.6 -713 -2.5 -752 -2.4
1993   -379 -1.2 -690 -2.3 -771 -2.3
1994   15 0.0 -672 -2.0 -609 -1.7
1995   -362 -1.0 -627 -1.7 -899 -2.2
1996   292 0.7 -436 -1.1 -117 -0.3
1997   604 1.3 -235 -0.5 617 1.2
1998   2,091 3.9 747 1.4 1,405 2.3
1999   3,439 5.8 1,192 2.0 1,634 2.3
2000 (c) 5,491 8.0 2,402 3.5 3,708 4.6
2001 (d) 3,536 4.7 263 0.3 1,008 1.1
2002 (e) 4,387 5.4 134 0.2 659 0.7
 
(a) Figures are on an ESA 79 basis to 1989 and on an ESA 95 basis thereafter
(b) Inclusive of receipts of £450 million under the tax incentive scheme (amnesty).
(c) Figures exclude £270 million proceeds from the flotation of Irish Life in 1991 and £100 million of a loan made to Icarom in 1985 and repaid in 2000. All proceeds of the sales of State equity are excluded from the General Government position.
(d) Projected Outturn
(e) Post Budget Estimate.

 

TABLE  B
 
TREND IN NATIONAL DEBT AND GENERAL GOVERNMENT DEBT
 
 
  National Debt General Government Debt (a)
 
Year £m % of GNP £m % of GDP
1977 4229 75.2 - -
1978 5167 78.6 - -
1979 6540 85.0 - -
1980 7896 87.0 - -
1981 10195 93.2 - -
1982 11669 92.9 - -
1983 14392 104.8 - -
1984 16821 112.8 - -
1985 18502 115.6 - -
1986 21611 122.2 - -
1987 23694 125.0 - -
1988 24611 122.7 - -
1989 24828 111.9 - -
1990 25083 99.0 26802 93.7
1991 25378 95.9 28218 95.1
1992 26344 94.1 29026 92.1
1993 28357 93.3 32718 96.1
1994 29227 88.8 33132 90.5
1995 30209 82.1 34410 82.9
1996 29912 73.7 33917 74.2
1997 30689 66.1 34342 65.1
1998 29541 55.4 33295 54.8
1999 31383 52.6 34567 49.3
2000 28700 41.8 31438 38.6
 
(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 General Government Debt.
The Finance Accounts for each year contains a detailed breakdown of the National Debt.

 

TABLE C  IR£
TREND IN SERVICE OF NATIONAL DEBT
AS A % OF NET CURRENT EXPENDITURE AND
AS A % OF OVERALL TAXATION
 
    Service of National Debt
Year   €m % of Net Current Expenditure (a) As 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
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 24.0 26.4
1993   2,390 22.7 24.8
1994   2,227 19.9 21.0
1995   2,405 19.9 21.3
1996   2,360 18.6 18.8
1997   2,755 19.6 19.3
1998   2,559 15.9  
1999   2,512 16.2 13.5
2000   2,242 13.6 10.5
2001 (c) 1,928 10.1 8.8
2002 (d) 1,957 9.3 8.2
 
 
(a) Current expenditure is measured on a net basis as in Table 4.
(b) PRSI receipts are not included in Tax Revenue.
(c) Provisional Outturn.
(d) Post-Budget Estimate.