Table 8

Trends in the Current Budget Balance, the Exchequer Balance and the General Government Balance from 1987(a)

   

Current Budget Balance

Exchequer Balance
General 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 -2,267 -8.5
1988 (b) -403 -1.6 -786 -3.1 -1,280 -4.4
1989   -334 -1.2 -608 -2.2 -773 -2.4
1990   -193 -0.6 -620 -1.9 -1,019 -2.8
1991 (c) -379 -1.1 -654 -1.9 -1,076 -2.9
1992 (d) -566 -1.6 -915 -2.6 -1,184 -3.0
1993 (e) -481 -1.2 -880 -2.3 -998 -2.3
1994   19 0.0 -854 -2.0 -776 -1.7
1995 (f) -459 -1.0 -796 -1.7 -1,136 -2.2
1996 (g) 371 0.7 -554 -1.1 -94 -0.2
1997   767 1.3 -298 -0.5 783 1.2
1998   2,654 3.9 948 1.4 1,838 2.4
1999 (h) 4,365 5.7 1,512 2.0 2,117 2.4
2000 (i) 6,970 7.9 3,049 3.5 4,504 4.4
2001 (j) 4,726 4.9 650 0.7 1,014 0.9
2002 (k) 5,402 5.2 95 0.1 -246 -0.2
2003 (l) 3,975 3.6 -1,510 -1.4 -594 -0.4
2004 (m) 2,989 2.5 -2,806 -2.4 -1,635 -1.1

 

(a) Figures are on a ESA95 basis and incorporate 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) Includes €155m from the sale of ACC Bank, €20m from the sale of the INPC and €102m from the sale of Telephony Licences  
(l) Projected outturn.  
(m) Post Budget Estimate.