Financial position of general government improved in July to September 2022

State revenues from taxes grew 

Central government total revenue grew by EUR 1.0 billion (7.5%) and total expenditure by EUR 0.8 billion (5.0%) from the quarter twelve months back. The difference between revenue and expenditure, that is, the net borrowing of central government was EUR 1.7 billion. The revenue items that grew most in monetary terms were income taxes and taxes on production and imports received. In monetary terms, the expenditure items that grew most were current transfers paid, capital transfers paid and intermediate consumption.

Local government revenue and expenditure grew

Local government's total revenue grew by EUR 1.1 billion (9%) from the respective quarter of the year before. Total expenditure increased by EUR 0.7 billion (4.8%). In monetary terms, the revenue item that grew most was tax revenue and of expenditure intermediate consumption at purchaser's prices. The growth in local government tax revenue is particularly due to growth in income taxes paid by households. The deficit (net borrowing) of local government was EUR 1.6 billion, while it was EUR 2.0 billion in the corresponding quarter of the previous year. 

Social contributions received by employment pension schemes increased 

Employment pension schemes’ total revenue grew by EUR 0.5 billion (6.5%) and total expenditure by EUR 0.4 billion (5.6%) from the quarter twelve months back. The revenue item that grew most in monetary terms was social contributions received. Of the expenditure items, paid social benefits other than social transfers in kind grew most in monetary terms. The surplus (net lending) of employment pension schemes was EUR 0.7 billion. 

Other social security funds’ revenue and expenditure decreased 

Other social security funds’ total revenue decreased by EUR 0.2 billion (4.3%) and total expenditure by EUR 0.04 billion (0.9%) from the quarter twelve months back. Of the income items, current transfers from central government and social security contributions received decreased most in monetary terms. The expenditure item that decreased most in monetary terms was paid social benefits other than social transfers in kind. The deficit (net borrowing) of other social security funds was EUR 0.2 billion.

The figures of the statistics are at current prices, so the figures show the effect of inflation.