ocp192_en

ANNEXTable C1: FISCAL ACCOUNTS AND FORECAST (1/)2012 2013 2014 2015 2016 2017Levels (in EUR billion)Total revenue 84.7 80.2 81.1 81.2 83.6 87.2Indirect taxes 24.2 23.5 23.0 23.9 25.1 25.7Direct taxes 19.2 18.5 20.3 20.5 20.3 21.0Social contributions 26.4 24.4 24.9 25.0 25.9 26.6Sales 5.2 4.7 5.1 5.0 5.0 5.7Other current resources 4.6 4.4 3.5 3.4 3.5 3.7Capital transfers received 5.0 4.7 4.2 3.4 3.8 4.6Total expenditure 97.0 85.9 86.3 87.2 88.8 90.5Intermediate consumption 9.6 8.2 8.1 7.7 7.9 8.4Compensation of employees 23.9 21.8 21.2 20.8 20.7 20.8Social transfers other than in kind 44.2 38.3 38.1 38.1 38.6 39.2Interest 9.7 7.2 8.1 9.6 10.2 10.7Subsidies 0.5 0.6 1.4 1.3 1.3 1.2Other current expenditure 2.4 2.9 2.3 2.7 2.5 2.6Gross fixed capital formation 3.5 3.8 4.8 4.7 5.0 4.8Other capital expenditure 3.0 3.1 2.3 2.3 2.5 2.8Measures to be identified 0.0 0.0 0.0 2.0 3.8 1.9Primary balance (2/) -2.6 1.5 2.8 5.6 8.9 9.3General Government balance (2/) -12.3 -5.8 -5.2 -3.9 -1.3 -1.4% of GDPTotal revenue 43.8 44.0 44.6 43.2 42.4 42.2Indirect taxes 12.5 12.9 12.6 12.7 12.7 12.4Direct taxes 9.9 10.2 11.2 10.9 10.3 10.2Social contributions 13.7 13.4 13.7 13.3 13.2 12.9Sales 2.7 2.6 2.8 2.6 2.5 2.8Other current resources 2.4 2.4 1.9 1.8 1.8 1.8Capital transfers received 2.6 2.6 2.3 1.8 1.9 2.2Total expenditure 50.2 47.2 47.4 46.4 45.0 43.8Intermediate consumption 5.0 4.5 4.5 4.1 4.0 4.1Compensation of employees 12.4 12.0 11.7 11.1 10.5 10.1Social transfers other than in kind 22.9 21.0 20.9 20.3 19.6 19.0Interest 5.0 4.0 4.5 5.1 5.2 5.2Subsidies 0.3 0.3 0.8 0.7 0.7 0.6Other current expenditure 1.3 1.6 1.2 1.5 1.3 1.3Gross fixed capital formation 1.8 2.1 2.6 2.5 2.5 2.3Other capital expenditure 1.6 1.7 1.3 1.2 1.3 1.3Measures to be identified 0.0 0.0 0.0 1.1 1.9 0.9Primary balance (2/) -1.3 0.8 1.6 3.0 4.5 4.5General Government balance (2/) -6.4 -3.2 -2.9 -2.1 -0.7 -0.7Memorandum item:GDP (bn EUR) 193.3 182.1 181.9 187.9 197.1 206.6Primary balance target (% of GDP) -1.5% 0.0% 1.5% 3.0% 4.5% 4.5%General Government balance (ESA-95 definition; bn EUR) -17.3 -23.1 … … … …Source: Ministry of Finance; EC staff projections1/ The numbers in the table are consistent with program definitions as laid out in the technical memorandum of understanding (TMU). The maindifferences compared with the ESA-95 definition are the exclusion from the program definition of ANFA and SMP profit transfers, most sales of nonfinancialassets, and costs related to bank resolutions and recapitalisations.2/ Includes measures to be identified137