EIB Papers Volume 13. n°1/2008 - European Investment Bank

122 Volume13 N°1 2008 EIB PAPERS
Table 3. General government revenue, expenditure, fiscal balance, and debt in NMS 1/
(in percent of GDP)
Country Fiscal indicator 1998 1999 2000 2001 2002 2003 2004 2005 2006
Bulgaria
Czech
Republic
Estonia
Hungary
Latvia
Lithuania
Poland
Romania
Slovakia
Slovenia
Total revenue .. .. .. .. 38.9 40.0 41.4 41.4 39.9
Public investment 2/ 3.2 3.9 3.7 3.5 2.7 2.5 2.7 3.4 3.7
Other expenditure 3/ .. .. .. .. 36.5 38.4 36.6 36.1 32.9
Fiscal balance 4/ 1.7 0.4 -0.5 0.2 -0.2 -0.9 2.2 1.9 3.3
Gross debt 79.6 79.3 73.6 66.2 54.0 45.9 37.9 29.2 22.8
Total revenue 38.2 38.6 38.1 38.7 39.5 40.7 41.0 40.1 39.2
Public investment 2/ 4.2 3.3 3.6 3.5 3.9 4.5 4.8 4.9 5.0
Other expenditure 3/ 39.0 39.0 38.2 41.0 42.4 42.8 39.0 38.7 37.1
Fiscal balance 4/ -5.0 -3.7 -3.7 -5.7 -6.8 -6.6 -2.9 -3.5 -2.9
Gross debt 12.9 13.4 18.2 26.3 28.5 30.1 30.7 30.4 30.4
Total revenue 39.1 39.1 36.2 35.0 36.0 36.4 35.9 35.4 36.6
Public investment 2/ 4.7 4.2 3.8 4.1 4.9 4.2 3.4 3.7 4.5
Other expenditure 3/ 34.8 38.6 32.7 31.0 30.7 30.4 30.7 29.7 28.5
Fiscal balance 4/ -0.4 -3.7 -0.2 -0.1 0.4 1.8 1.8 1.9 3.6
Gross debt 5.6 6.0 4.7 4.7 5.6 5.7 5.2 4.4 4.1
Total revenue 44.7 44.4 43.6 43.2 42.4 41.9 42.4 42.1 42.6
Public investment 2/ 3.4 2.9 3.2 3.7 4.9 3.5 3.5 4.0 4.4
Other expenditure 3/ 49.4 47.0 43.3 43.6 46.4 45.6 45.4 45.9 47.5
Fiscal balance 4/ -8.2 -5.5 -3.0 -4.1 -8.9 -7.2 -6.4 -7.8 -9.3
Gross debt 61.9 61.2 55.4 52.2 54.0 58.0 59.4 61.7 66.0
Total revenue 40.0 36.6 34.6 32.5 33.4 33.2 34.7 35.2 37.4
Public investment 2/ 1.4 1.5 1.3 1.1 1.3 2.4 3.1 3.3 3.4
Other expenditure 3/ 39.2 40.5 36.0 33.5 34.3 32.4 32.7 32.2 33.6
Fiscal balance 4/ -0.6 -5.3 -2.8 -2.1 -2.3 -1.6 -1.0 -0.2 0.4
Gross debt 9.8 12.6 12.9 15.0 13.5 14.4 14.5 12.0 10.0
Total revenue 37.4 37.3 35.9 33.2 32.9 32.0 31.8 33.1 33.3
Public investment 2/ 2.5 2.6 2.4 2.2 2.9 3.0 3.4 3.5 4.2
Other expenditure 3/ 37.9 37.5 36.7 34.6 31.9 30.2 30.0 30.1 29.4
Fiscal balance 4/ -3.1 -2.8 -3.2 -3.6 -1.9 -1.3 -1.5 -0.5 -0.3
Gross debt 16.5 23.0 23.8 22.9 22.2 21.2 19.4 18.6 18.2
Total revenue 40.1 40.4 38.1 38.6 39.2 38.4 36.9 39.0 39.4
Public investment 2/ 3.9 3.5 2.4 3.4 3.4 3.3 3.4 3.4 4.1
Other expenditure 3/ 40.4 39.2 38.7 40.4 40.8 41.3 39.2 39.9 39.2
Fiscal balance 4/ -4.3 -2.3 -3.0 -5.1 -5.0 -6.3 -5.7 -4.3 -3.9
Gross debt 39.1 40.3 36.8 36.7 39.8 47.1 45.7 47.1 47.8
Total revenue 44.2 48.0 43.8 36.7 37.6 32.1 31.1 32.4 30.1
Public investment 2/ 1.9 2.1 1.9 2.4 3.1 3.2 3.0 3.8 2.9
Other expenditure 3/ 43.3 44.5 38.7 36.4 36.5 30.4 29.6 29.9 29.1
Fiscal balance 4/ -1.0 1.4 3.2 -2.1 -2.0 -1.5 -1.5 -1.4 -1.9
Gross debt 17.8 24.2 22.7 .. 23.8 21.5 18.8 15.8 12.4
Total revenue 40.5 40.8 39.8 36.8 35.7 37.5 35.4 35.2 33.9
Public investment 2/ 3.9 2.9 2.8 3.1 3.2 2.6 2.4 2.1 2.2
Other expenditure 3/ 41.4 44.3 48.9 40.2 40.1 37.7 35.4 35.9 35.1
Fiscal balance 4/ -4.8 -6.4 -11.8 -6.5 -7.7 -2.8 -2.4 -2.8 -3.4
Gross debt 34.0 47.2 49.9 49.2 43.3 42.4 41.5 34.5 30.7
Total revenue 44.5 44.6 43.6 44.1 44.6 44.4 44.2 44.5 44.1
Public investment 2/ 3.0 3.5 3.2 3.3 3.0 3.3 3.5 3.2 3.7
Other expenditure 3/ 43.9 44.3 44.2 44.9 44.1 43.8 43.0 42.8 41.6
Fiscal balance 4/ -2.5 -3.1 -3.8 -4.0 -2.5 -2.7 -2.3 -1.5 -1.2
Gross debt 23.6 24.9 27.4 28.4 29.1 28.6 28.9 28.4 27.8
Source: Eurostat (2007)
Notes: 1/ Data are based on statistics for the general government as defined in the European System of Accounts (ESA) 1995.
“..” indicates that data are not available.
2/ Public gross fixed capital formation.
3/ Total expenditure excluding public investment.
4/ Net borrowing/lending.