TABLE 8

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

1980

-695

-6.0

-1,545

-13.4

-

-

1981

-1,018

-7.3

-2,186

-15.7

-

-

1982

-1,255

-7.9

-2,470

-15.5

-

-

1983

-1,219

-7.0

-2,230

-12.8

-

-

1984

-1,319

-7.0

-2,317

-12.2

-

-

1985

-1,630

-8.0

-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

1988

(b)

-403

-1.6

-786

-3.1

-1,295

-4.5

1989

-334

-1.2

-608

-2.2

-570

-1.8

1990

-193

-0.6

-620

-1.9

-801

-2.2

1991

(c)

-379

-1.1

-654

-1.9

-870

-2.3

1992

(d)

-566

-1.6

-915

-2.6

-955

-2.4

1993

(e)

-481

-1.2

-880

-2.3

-979

-2.3

1994

19

0.0

-854

-2.0

-773

-1.7

1995

(f)

-459

-1.0

-796

-1.7

-1,141

-2.2

1996

(g)

371

0.7

-554

-1.1

-148

-0.3

1997

767

1.3

-298

-0.5

781

1.2

1998

2,654

3.9

948

1.4

1,838

2.4

1999

(h)

4,365

5.7

1,512

2.0

1,920

2.1

2000

(i)

6,970

7.9

3,049

3.5

4,567

4.4

2001

(j)

4,726

4.9

650

0.7

1,776

1.6

2002

(k)

5164

5.0

-193

-0.2

-397

-0.3

2003

(l)

3685

3.3

-1869

-1.7

-885

-0.7

(a)

Figures are on a ESA 95 basis and incorporates a consistent treatment of receipts from asset sales, thus in certain years differ from these series as previously published.

(b)

Inclusive of once-off receipts under the Tax Amnesties. Once-off receipts under the Tax Amnesties increased the tax yield by €571 million in 1988 and €302 million in 1994: PRSI inflows increased by €44 million and €6 million and Health Contributions by €14 million and €0.5 million respectively.

(c)

Inclusive of €343 million received from the flotation of Irish Life plc and €80m received from the sale of shares in Greencore.

(d)

Includes €42 million from the sale of Greencore.

(e)

Includes €89 million from the sale of Greencore and €133 million from the sale of Irish Life.

(f)

Includes €126 million from the sale of Irish Life plc.

(g)

Includes €42 million from the sale of shares in Telecom Eireann.

(h)

Includes receipts of €4,669 million from the sale of Telecom Eireann.

(i)

Includes capital repayment to the Exchequer of €127 million by the Insurance Compensation Fund and €1,487 million from the sale of Telecom Eireann.

(j)

Figures include receipts of €760 million from the sale of the ICC and TSB in 2001.

(k)

Projected outturn. Includes receipts of €155 million from the sale of ACC Bank in 2002.

(l)

Post Budget Estimate.