Treasury finances January-November 2007
Cash Flow Statement, January – November
|
Millions of krónur |
|||||
|
|
2003 |
2004 |
2005 |
2006 |
2007 |
|
Revenue |
229 442 |
247 748 |
360 791 |
338 507 |
388 491 |
|
Expenditure |
240 313 |
256 960 |
279 860 |
284 909 |
326 925 |
|
Current balance |
-10 871 |
-9 213 |
80 931 |
53 598 |
61 566 |
|
Receipts from sale of fixed assets |
-11 313 |
- |
-58 088 |
- 384 |
-6 170 |
|
Other cash payments / receipts |
- 503 |
1 036 |
-1 382 |
-1 182 |
-1 867 |
|
Cash flows from operations |
-22 687 |
-8 177 |
21 461 |
52 031 |
53 529 |
|
Financial transactions |
21 056 |
17 734 |
48 960 |
-2 138 |
-61 645 |
|
Net financial balance |
-1 631 |
9 557 |
70 420 |
49 893 |
-8 116 |
|
Debt redemption |
-30 666 |
-32 321 |
-61 597 |
-44 583 |
-33 828 |
|
Domestic |
-18 216 |
-7 138 |
-14 089 |
-21 710 |
-22 496 |
|
Foreign |
-12 450 |
-25 183 |
-47 508 |
-22 873 |
-11 332 |
|
Pension fund prepayments |
-6 875 |
-6 875 |
-5 132 |
-3 650 |
-3 650 |
|
Gross borrowing requirement |
-39 172 |
-29 639 |
3 691 |
1 661 |
-45 594 |
|
New borrowing |
39 087 |
27 567 |
7 734 |
21 587 |
58 392 |
|
Domestic |
33 367 |
11 440 |
7 734 |
21 345 |
58 207 |
|
Foreign |
5 720 |
16 127 |
- |
242 |
185 |
|
Overall cash balance |
- 86 |
-2 072 |
11 425 |
23 248 |
12 798 |
Treasury revenue, January – November
|
|
Millions of krónur |
|
Change from previous year in per cent |
||||
|
|
2005 |
2006 |
2007 |
|
2005 |
2006 |
2007 |
|
Total taxes and social security contributions |
279 390 |
315 415 |
352 845 |
|
21.3 |
12.9 |
11.9 |
|
Taxes on income and profit |
89 310 |
107 233 |
123 700 |
|
24.8 |
20.1 |
15.4 |
|
Personal income tax |
61 599 |
69 602 |
75 645 |
|
10.6 |
13.0 |
8.7 |
|
Corporate income tax |
11 978 |
22 730 |
25 016 |
|
53.0 |
89.8 |
10.1 |
|
Other taxes on income and profit |
15 733 |
14 900 |
23 039 |
|
95.7 |
-5.3 |
54.6 |
|
Taxes on property |
14 381 |
8 256 |
10 525 |
|
31.6 |
-42.6 |
27.5 |
|
Taxes on goods and services |
142 024 |
160 341 |
174 937 |
|
19.6 |
12.9 |
9.1 |
|
Value added tax |
96 785 |
111 166 |
123 541 |
|
21.1 |
14.9 |
11.1 |
|
Excise tax on motor vehicles |
9 378 |
9 523 |
9 833 |
|
67.9 |
1.5 |
3.3 |
|
Excise tax on petrol |
8 261 |
8 486 |
8 576 |
|
5.1 |
2.7 |
1.1 |
|
Excise on oil |
3 993 |
6 070 |
6 723 |
|
-29.7 |
52.0 |
10.8 |
|
Tobacco and liquor taxes |
9 782 |
10 245 |
10 745 |
|
6.6 |
4.7 |
4.9 |
|
Other taxes on goods and services |
13 825 |
14 852 |
15 519 |
|
31.7 |
7.4 |
4.5 |
|
Taxes on international trade and transactions |
3 074 |
4 131 |
5 230 |
|
11.2 |
34.4 |
26.6 |
|
Other taxes |
1 490 |
1 643 |
2 805 |
|
10.2 |
10.3 |
70.8 |
|
Social security contributions |
29 112 |
33 811 |
35 649 |
|
16.4 |
16.1 |
5.4 |
|
Grants |
357 |
1 347 |
1 010 |
|
-12.9 |
277.1 |
-25.0 |
|
Other revenue |
22 957 |
20 793 |
27 679 |
|
38.3 |
-9.4 |
33.1 |
|
Sale of assets |
58 086 |
952 |
6 957 |
|
- |
- |
- |
|
Total revenue |
360 790 |
338 507 |
388 491 |
|
45.6 |
-6.2 |
14.8 |
Treasury expenditure, January – November
|
|
Millions of krónur |
|
Change from previous year in per cent |
|||
|
|
2005 |
2006 |
2007 |
|
2006 |
2007 |
|
General public services |
40 036 |
34 235 |
41 157 |
|
-14.5 |
20.2 |
|
of which: interest |
17 203 |
9 018 |
11 541 |
|
-47.6 |
28.0 |
|
Defence |
228 |
549 |
861 |
|
141.2 |
56.9 |
|
Health |
10 451 |
12 478 |
14 299 |
|
19.4 |
14.6 |
|
Social security and welfare |
23 490 |
39 568 |
46 450 |
|
68.4 |
17.4 |
|
Economic affairs |
2 735 |
3 038 |
3 510 |
|
11.1 |
15.5 |
|
Education |
376 |
364 |
397 |
|
-3.2 |
9.0 |
|
Culture, sports and religion |
75 295 |
76 800 |
85 016 |
|
2.0 |
10.7 |
|
Law enforcement, justice, security |
11 212 |
12 574 |
14 141 |
|
12.1 |
12.5 |
|
Environmental protection |
27 402 |
31 267 |
35 098 |
|
14.1 |
12.3 |
|
Housing, zoning and utilities |
60 357 |
66 351 |
78 188 |
|
9.9 |
17.8 |
|
Irregular expenditure |
11 635 |
7 686 |
7 809 |
|
-33.9 |
1.6 |
|
Total expenditure |
263 216 |
284 909 |
326 925 |
|
8.2 |
14.7 |
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.