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Document 02002R1221-20130701
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
Consolidated text: 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
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
No longer in force
02002R1221 — EN — 01.07.2013 — 001.001
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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, p. 1) |
Amended by:
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Official Journal |
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L 158 |
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10.6.2013 |
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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
Article 1
Purpose
The purpose of this Regulation is to define the content of quarterly non-financial accounts for general government, to lay down the list of the ESA 95 categories to be transmitted by Member States from 30 June 2002 and to specify the main characteristics of these categories.
Article 2
Content of the quarterly non-financial accounts for general government
The content of the quarterly non-financial accounts for general government is defined in the Annex by reference to a list of ESA 95 categories constituting general government expenditure and revenue.
Article 3
Categories concerned by the transmission of quarterly data
Quarterly data shall be transmitted for the following categories (or groups of categories) of general government expenditure and revenue:
expenditure:
revenue:
Article 4
Compilation of quarterly data: sources and methods
Quarterly data relating to the first quarter of 2001 onwards shall be compiled according to the following rules:
quarterly data shall be based as much as possible on direct information from basic sources, with the objective of minimising, for each quarter, differences between the first estimates and the final figures;
direct information shall be completed by coverage adjustments, if needed, and by conceptual adjustments in order to bring quarterly data in line with ESA 95 concepts;
the quarterly data and the corresponding annual data shall be consistent.
Article 5
Timetable for the transmission of quarterly data
Any revision of quarterly data for previous quarters shall be transmitted at the same time.
However, the Commission may grant a derogation, not exceeding one year, concerning the date of the first transmission of quarterly data for the first quarter of 2002 onwards, in so far as the national statistical systems require major adaptations.
Article 6
Transmission of backdata
However, the Commission may grant a derogation, not exceeding one year, concerning the date of the first transmission of quarterly data from the first quarter of 1999 onwards, in so far as national statistical systems require major adaptations.
Article 7
Implementation
Article 8
Report
On the basis of the data transmitted for the categories specified in Article 3, and after consulting the SPC, the Commission (Eurostat) shall, by 31 December 2005 at the latest, submit to the European Parliament and the Council a report containing an assessment of the reliability of quarterly data delivered by Member States.
Article 9
Transitional provisions
They shall indicate at the same time which steps still need to be accomplished in order to comply with the sources and methods provided for in Article 4(1).
Article 10
Entry into force
This Regulation shall enter into force on the 20th day following that of its publication in the Official Journal of the European Communities.
This Regulation shall be binding in its entirety and directly applicable in all Member States.
ANNEX
Content of the quarterly non-financial accounts for general government
Quarterly non-financial accounts for general government are defined by reference to the list of government expenditure and revenue included in Commission Regulation No 1500/2000.
General government expenditure comprises ESA 95 categories recorded under the use side, or the changes in assets side or the changes in liabilities and net worth side of the sequence of accounts for general government, with the exception of D.3 which is recorded under the resource side of general government accounts.
General government revenue comprises ESA 95 categories recorded under the resource or changes in liabilities in net worth side of the sequence of non-financial accounts for general government, with the exception of D.39 which is recorded under the use side of general government accounts.
By definition, the difference between general government revenue and general government expenditure, as defined above, is net lending (+)/net borrowing (-) of the general government sector.
Transactions D.41, D.7, D.92 and D.99 are consolidated within the general government sector. The other transactions are not consolidated.
The table below shows ESA 95 categories constituting general government expenditure and revenue. Categories shown in italics are already subject to transmission on a quarterly basis in the context of the Commission Regulation (EC) No 264/2000.
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ESA 95 codes |
General government expenditure |
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P.2 |
Intermediate consumption |
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P.5 + K.2 |
Gross capital formation + acquisitions less disposals of non-financial non-produced assets |
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P.51 |
Gross fixed capital formation |
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D.1 |
Compensation of employees |
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D.29 |
Other taxes on production |
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D.3 |
Subsidies, payable |
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D.4 |
Property income |
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D.41 |
Interest |
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D.5 |
Current taxes on income, wealth etc. |
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D.62 + D.6311 + D.63121 + D.63131 |
Social benefits other than social transfers in kind + social transfers in kind related to expenditure on products supplied to households via market producers |
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D.7 |
Other current transfers |
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D.8 |
Adjustment for the change in net equity of households in pension funds reserves |
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D.9 |
Capital transfers, payable |
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ESA 95 codes |
General government revenue |
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P.11 + P.12 + P.131 |
Market output + output for own final use + payments for the other non-market output |
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D.2 |
Taxes on production and imports |
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D.39 |
Other subsidies on production |
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D.4 |
Property income |
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D.5 |
Current taxes on income, wealth etc. |
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D.61 |
Social contributions |
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D.611 |
Actual social contributions |
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D.612 |
Imputed social contributions |
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D.7 |
Other current transfers |
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D.9 (9) |
Capital transfers, receivable |
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D.91 |
Capital taxes |
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B.8g |
Saving, gross |
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B.9 |
Net lending/net borrowing |
( 1 ) OJ C 154 E, 29.5.2001, p. 300.
( 2 ) OJ C 131, 3.5.2001, p. 6.
( 3 ) Opinion of the European Parliament of 3 July 2001 (OJ C 65 E, 14.3.2002, p. 33) and Council Decision of 7 May 2002.
( 4 ) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regulation (EC) No 359/2002 (OJ L 58, 28.2.2002, p. 1).
( 5 ) OJ L 172, 12.7.2000, p. 3.
( 6 ) OJ L 29, 4.2.2000, p. 4.
( 7 ) OJ L 181, 28.6.1989, p. 47.
( 8 ) OJ L 59, 6.3.1991, p. 19. Decision as last amended by Decision 96/174/EC (OJ L 51, 1.3.1996, p. 48).
( 9 ) Adjustments for taxes and social contributions assessed but never collected, when recorded under D.9, are considered as negative revenue.