General government consolidated gross debt amounted to EUR 14.7 billion or 44.8 % of the GDP.
General Government Budget Deficit or Surplus and Debt
|
|
2018 |
2019 |
2020 |
2021 |
|
Budget deficit (-) / Surplus (+), million EUR |
||||
|
General government |
-245.3 |
-174.0 |
-1 317.3 |
-2 415.6 |
|
Central government |
-300.0 |
-651.0 |
-1 395.3 |
-2 475.3 |
|
Local governments |
-191.5 |
186.8 |
-25.2 |
-140.9 |
|
Social security fund |
246.2 |
290.2 |
103.2 |
200.6 |
|
General government budget deficit as % of GDP |
-0.8 |
-0.6 |
-4.5 |
-7.3 |
|
Consolidated gross debt at nominal value at the end of the year, million EUR2 |
|
|
|
|
|
General government |
10 815.6 |
11 246.6 |
12 754.3 |
14 739.7 |
|
Central government |
11 039.9 |
11 885.2 |
13 598.1 |
15 974.5 |
|
Local governments |
1 926.9 |
2 023.4 |
2 100.4 |
2 226.0 |
|
General government consolidated gross debt at nominal value at the end of the year as % of GDP |
37.1 |
36.7 |
43.3 |
44.8 |
Under the impact of Covid-19 pandemic in 2021 general government expenditure, compared to 2020, rose by 16.0 % and reached EUR 14.8 billion, of which EUR 2.1 billion were expenditure on Covid-19 support measures for the national economy. Revenues increased by 8.2 % and reached EUR 12.4 billion.
As compared to operating cash flow data of the Treasury, where consolidated budget deficit in 2021 was EUR 1 825.3 million, budget deficit calculated by the CSB in accordance with the methodological requirements of European System of Accounts 2010 is EUR 590.4 million or 1.8 percentage points of GDP more.
Taking into account the increasing volume of borrowings affected by financing needed to reduce the consequences of Covid-19, in 2021, compared to 2020, general government debt has risen by EUR 2.0 billion and reached EUR 14.7 billion or 44.8 % of GDP.
