Treasury finances January-October 2007
Cash Flow Statement, January – October
|
Millions of krónur |
|||||
|
|
2003 |
2004 |
2005 |
2006 |
2007 |
|
Revenue |
211 559 |
228 745 |
336 643 |
308 354 |
353 950 |
|
Expenditure |
218 708 |
233 304 |
256 585 |
258 824 |
295 857 |
|
Current balance |
-7 149 |
-4 558 |
80 058 |
49 531 |
58 093 |
|
Receipts from sale of fixed assets |
-12 013 |
- |
-58 033 |
- 384 |
-6 170 |
|
Other cash payments / receipts |
23 |
1 710 |
-1 731 |
- 356 |
- 695 |
|
Cash flows from operations |
-19 139 |
-2 848 |
20 294 |
48 791 |
51 229 |
|
Financial transactions |
20 614 |
9 273 |
48 377 |
-2 006 |
-63 097 |
|
Net financial balance |
1 475 |
6 425 |
68 671 |
46 785 |
-11 868 |
|
Debt redemption |
-30 654 |
-30 856 |
-61 557 |
-41 565 |
-33 503 |
|
Domestic |
-18 204 |
-5 678 |
-14 064 |
-18 692 |
-22 271 |
|
Foreign |
-12 450 |
-25 178 |
-47 493 |
-22 873 |
-11 232 |
|
Pension fund prepayments |
-6 250 |
-6 250 |
-3 300 |
-3 300 |
-3 300 |
|
Gross borrowing requirement |
-35 429 |
-30 681 |
3 814 |
1 921 |
-48 671 |
|
New borrowing |
27 439 |
30 408 |
9 048 |
25 961 |
58 383 |
|
Domestic |
22 225 |
13 136 |
9 048 |
21 345 |
58 206 |
|
Foreign |
5 214 |
17 272 |
- |
4 616 |
177 |
|
Overall cash balance |
-7 989 |
- 272 |
12 862 |
27 882 |
9 712 |
Treasury revenue, January – October
|
|
Millions of krónur |
|
Change from previous year in per cent |
||||
|
|
2005 |
2006 |
2007 |
|
2005 |
2006 |
2007 |
|
Total taxes and social security contributions |
256 866 |
287 295 |
321 457 |
|
20.8 |
11.8 |
11.9 |
|
Taxes on income and profit |
81 199 |
97 368 |
113 498 |
|
27.3 |
19.9 |
16.6 |
|
Personal income tax |
55 020 |
62 249 |
67 304 |
|
10.0 |
13.1 |
8.1 |
|
Corporate income tax |
8 437 |
17 129 |
19 480 |
|
61.0 |
103.0 |
13.7 |
|
Other taxes on income and profit |
17 741 |
17 990 |
26 714 |
|
108.4 |
1.4 |
48.5 |
|
Taxes on property |
12 114 |
7 627 |
9 527 |
|
7.2 |
-37.0 |
24.9 |
|
Taxes on goods and services |
133 175 |
146 878 |
159 070 |
|
19.8 |
10.3 |
8.3 |
|
Value added tax |
91 389 |
101 916 |
112 221 |
|
20.2 |
11.5 |
10.1 |
|
Excise tax on motor vehicles |
8 605 |
8 883 |
8 873 |
|
68.9 |
3.2 |
-0.1 |
|
Excise tax on petrol |
7 468 |
7 436 |
7 637 |
|
4.7 |
-0.4 |
2.7 |
|
Excise on oil |
3 949 |
5 577 |
6 141 |
|
-15.3 |
41.2 |
10.1 |
|
Tobacco and liquor taxes |
8 948 |
9 291 |
9 745 |
|
6.2 |
3.8 |
4.9 |
|
Other taxes on goods and services |
12 815 |
13 776 |
14 452 |
|
29.9 |
7.5 |
4.9 |
|
Taxes on international trade and transactions |
2 775 |
3 357 |
4 357 |
|
11.0 |
21.0 |
29.8 |
|
Other taxes |
1 385 |
1 504 |
2 628 |
|
10.6 |
8.6 |
74.8 |
|
Social security contributions |
26 219 |
30 560 |
32 377 |
|
15.7 |
16.6 |
5.9 |
|
Grants |
339 |
1 207 |
930 |
|
16.2 |
255.8 |
-22.9 |
|
Other revenue |
21 407 |
19 072 |
24 632 |
|
39.5 |
-10.9 |
29.2 |
|
Sale of assets |
58 031 |
781 |
6 931 |
|
- |
- |
- |
|
Total revenue |
336 642 |
308 354 |
353 950 |
|
47.2 |
-8.4 |
14.8 |
Treasury expenditure, January – October
|
|
Millions of krónur |
|
Change from previous year in per cent |
|||
|
|
2005 |
2006 |
2007 |
|
2006 |
2007 |
|
General public services |
37 902 |
31 847 |
38 204 |
|
-16.0 |
20.0 |
|
of which: interest |
16 825 |
8 592 |
11 541 |
|
-48.9 |
34.3 |
|
Defence |
218 |
487 |
668 |
|
123.3 |
37.2 |
|
Health |
9 513 |
11 262 |
12 995 |
|
18.4 |
15.4 |
|
Social security and welfare |
20 877 |
35 695 |
41 125 |
|
71.0 |
15.2 |
|
Economic affairs |
2 521 |
2 835 |
3 280 |
|
12.4 |
15.7 |
|
Education |
348 |
333 |
355 |
|
-4.1 |
6.7 |
|
Culture, sports and religion |
68 822 |
69 424 |
76 850 |
|
0.9 |
10.7 |
|
Law enforcement, justice, security |
10 162 |
11 422 |
13 095 |
|
12.4 |
14.6 |
|
Environmental protection |
25 312 |
28 528 |
32 097 |
|
12.7 |
12.5 |
|
Housing, zoning and utilities |
56 744 |
59 331 |
70 065 |
|
4.6 |
18.1 |
|
Irregular expenditure |
11 135 |
7 660 |
7 124 |
|
-31.2 |
-7.0 |
|
Total expenditure |
243 554 |
258 824 |
295 857 |
|
6.3 |
14.3 |
Note:
Revised revenue classification of the Treasury in January 2006: The classification of Treasury revenue has been revised according to the IMF Government Finance Statistics Manual of 2001. The earlier classification was based on an earlier version of the Manual. The new classification was first published last autumn in the 2004 Treasury accounts and introduced in the 2006 fiscal budget. It is now applied in the monthly revenue statements of the Treasury.
The main changes from the previous classification is that social contributions are separated from tax revenue and classified under a new main heading "Taxes and social contributions". Taxes on international trade and transactions, such as customs duties and other import charges, are now shown separately and are no longer under the heading "Taxes on goods and services". Regarding the other revenue, the new classification provides more details than the earlier version. The new classification also calls for a revision of several other items, such as the tax for the Elderly's Construction Fund and several user and licence charges.