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Summaries of EU Legislation

Collection of quarterly non-financial statistics for government by EU countries

 

SUMMARY OF:

Regulation (EC) No 1221/2002 on quarterly non-financial accounts for general government

WHAT IS THE AIM OF THE REGULATION?

It defines the main categories of public non-financial accounts, as set out in ESA 95, whose details European Union (EU) countries’ statistical offices must communicate to the European Commission (Eurostat) every 3 months.

KEY POINTS

  • The quarterly data cover both general government expenditure and revenue.
  • According to Eurostat, general government consists of 4 sub-sectors:
    • central government;
    • state government;
    • local government; and
    • social security funds.
  • Expenditure:
    • intermediate consumption*;
    • gross capital formation*;
    • gross fixed capital formation*;
    • compensation of employees*;
    • other taxes on production;
    • subsidies;
    • property income;
    • interest;
    • taxes on income and wealth;
    • social* and other transfers supplied to households;
    • investment grants and other capital transfers.
  • Revenue:
    • market output (all products disposed of on the market or intended for disposal on the market) and other payments for government output);
    • taxes: on production and imports, on income and wealth, capital taxes;
    • other subsidies on production;
    • property income;
    • actual and imputed social contributions (where ‘imputed’ contributions are social contributions paid by employers on behalf of their employees);
    • other current transfers;
    • investment grants and other capital transfers.
  • The first quarterly data transmitted under the legislation covered the first quarter of 2002. Transition rules had previously applied from the start of 1999.
  • EU countries must:
    • deliver the data at the latest 3 months after the end of the quarter concerned;
    • inform Eurostat of the sources and methods used to compile the data.
  • The Commission must:

FROM WHEN DOES THE REGULATION APPLY?

It has applied since 29 July 2002.

BACKGROUND

The European system of national and regional accounts, known as ESA 95 (now replaced by ESA 2010), collects comparable, up-to-date and reliable information on the structure and developments of national and regional economies in the EU.

* KEY TERMS

Intermediate consumption: a concept which measures the value of the goods and services consumed as inputs into production processes.
Gross capital formation: the total value of the gross fixed capital formation, changes in inventories and acquisitions minus disposals of valuables.
Gross fixed capital formation: acquisitions of new and existing fixed assets such as property, plant or equipment, spending on land improvements and construction of buildings.
Compensation of employees: the total gross (pre-tax) wages and employers' social contributions paid by employers to employees for work done.
Social transfers: social assistance from public and civic bodies to people living in, or in danger of falling into, poverty.

MAIN DOCUMENT

Regulation (EC) No 1221/2002 of the European Parliament and of the Council of 10 June 2002 on quarterly non-financial accounts for general government (OJ L 179, 9.7.2002, pp. 1-5)

Successive amendments to Regulation (EC) No 1221/2002 have been incorporated in the original text. This consolidated version is of documentary value only.

last update 27.02.2017

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