TABLE 1

Summary of Current and Capital Budgets 2002 to 2005

(see notes over)

2002

2003

2004

2005

Estimated

Post-Budget

Projection

Projection

Outturn

Estimate

Current Budget

€m

€m

€m

€m

Current Expenditure

Gross Voted (Departmental expenditure voted by Dail)

25,783

27,558

29,056

30,379

Expenditure from the Social Insurance Fund

4,356

4,662

4,795

4,923

Expenditure from the National Training Fund

198

237

237

237

Non-voted (Central Fund) expenditure

2,920

3,682

4,023

4,345

Gross Current Expenditure

33,257

36,139

38,112

39,884

less

Appropriations-in-aid (including PRSI)

Note 2

6,850

7,146

7,279

7,473

less

Departmental Balances

Note 3

62

30

0

0

Net Current Expenditure

Tables 4 and 4a

26,345

28,964

30,833

32,411

Current Receipts

Tax Revenue

Table 3

29,336

31,646

33,584

35,957

Non-Tax Revenue

Table 3

2,173

1,003

640

669

Total Current Receipts

31,509

32,649

34,224

36,626

Current Budget Balance

5,164

3,685

3,391

4,216

Capital Budget

Capital Expenditure

Gross Voted (Departmental expenditure voted by Dail)

5,641

5,558

5,900

6,300

Non-voted (Expenditure under legislation)

340

310

377

314

Pre-funding of future pension liabilities

Note 4

1,035

1,103

1,176

1,256

less

Appropriations-in-Aid

Note 2

84

80

81

81

Net Capital Expenditure

Tables 5 and 5a

6,932

6,890

7,372

7,789

Capital Resources

Note 5

1,576

1,336

1,117

1,104

Capital Budget Balance

-5,356

-5,554

-6,255

-6,685

General Contingency Provision

Note 6

578

1,246

Exchequer Balance

Note 7

-193

-1,869

-3,442

-3,715

General Government Balance

-397

-885

-1,781

-1,792

General Government Balance as a % of GDP

-0.3%

-0.7%

-1.2%

-1.2%

GDP Value (ESA 95 basis)

125,600

134,600

144,600

155,800

GNP Value (ESA 95 basis)

103,900

110,300

117,600

125,600

Note that figures may not add due to rounding.