Treasury finances January-July 2009
Treasury finances January-July 2009 (PDF 53K)
Cash Flow Statement in January–July 2005–2009
|
|
Millions of krónur |
||||
|
|
2005 |
2006 |
2007 |
2008 |
2009 |
|
Revenue |
185 085 |
215 509 |
252 998 |
264 163 |
226 744 |
|
Expenditure |
180 985 |
178 257 |
203 826 |
237 062 |
308 636 |
|
Current balance |
4 100 |
37 252 |
49 172 |
27 101 |
-81 892 |
|
Receipts from sale of fixed assets |
- |
- |
-6 136 |
- 53 |
- |
|
Other cash payments / receipts |
496 |
- 752 |
-5 248 |
- 201 |
-9 342 |
|
Cash flows from operations |
4 596 |
36 500 |
37 788 |
26 847 |
-91 234 |
|
Financial transactions |
11 206 |
-2 383 |
-60 165 |
8 603 |
9 986 |
|
Net financial balance |
15 802 |
34 116 |
-22 377 |
35 450 |
-81 248 |
|
Debt redemption |
-33 343 |
-35 088 |
-26 465 |
-37 941 |
-72 736 |
|
Domestic |
-14 000 |
-12 215 |
-12 266 |
-22 656 |
-72 736 |
|
Foreign |
-19 342 |
-22 873 |
-14 199 |
-15 285 |
- |
|
Pension fund prepayments |
-2 250 |
-2 310 |
-2 310 |
-2 310 |
- |
|
Gross borrowing requirement |
-19 790 |
-3 282 |
-51 152 |
-4 801 |
-153 984 |
|
New borrowing |
13 305 |
19 735 |
43 292 |
103 376 |
144 011 |
|
Domestic |
8 956 |
12 262 |
40 171 |
77 775 |
136 585 |
|
Foreign |
4 349 |
7 473 |
3 121 |
25 601 |
7 425 |
|
Overall cash balance |
-6 486 |
16 453 |
-7 860 |
98 575 |
9 973 |
Treasury revenue in January–July 2007–2009
|
|
Millions of krónur |
|
Change from previous year in per cent |
||||
|
|
2007 |
2008 |
2009 |
|
2007 |
2008 |
2009 |
|
Total taxes and social security contributions |
228 049 |
240 703 |
196 972 |
|
12.7 |
5.5 |
-18.2 |
|
Taxes on income and profit |
86 649 |
95 186 |
84 334 |
|
18.6 |
9.9 |
-11.4 |
|
Personal income tax |
50 245 |
53 764 |
46 453 |
|
12.5 |
7.0 |
-13.6 |
|
Corporate income tax |
14 604 |
15 418 |
9 161 |
|
1.2 |
5.6 |
-40.6 |
|
Capital income tax |
21 800 |
26 004 |
28 721 |
|
55.7 |
19.3 |
10.4 |
|
Taxes on property |
6 403 |
5 082 |
2 874 |
|
10.3 |
-20.6 |
-43.4 |
|
Taxes on goods and services |
108 058 |
111 075 |
83 596 |
|
8.6 |
2.8 |
-24.7 |
|
Value added tax |
76 422 |
79 607 |
56 403 |
|
11.0 |
4.2 |
-29.1 |
|
Excise tax on motor vehicles |
5 838 |
5 940 |
1 192 |
|
-16.0 |
1.7 |
-79.9 |
|
Excise tax on petrol |
5 318 |
5 157 |
5 844 |
|
3.2 |
-3.0 |
13.3 |
|
Excise on oil |
3 867 |
4 032 |
3 637 |
|
11.8 |
4.3 |
-9.8 |
|
Tobacco and liquor taxes |
6 672 |
6 768 |
7 653 |
|
4.5 |
1.4 |
13.1 |
|
Other taxes on goods and services |
9 942 |
9 571 |
8 867 |
|
13.6 |
-3.7 |
-7.4 |
|
Taxes on international trade and transactions |
3 262 |
3 878 |
2 776 |
|
32.8 |
18.9 |
-28.4 |
|
Other taxes |
1 145 |
1 532 |
1 701 |
|
166.3 |
33.9 |
11.0 |
|
Social security contributions |
22 531 |
23 949 |
21 690 |
|
6.8 |
6.3 |
-9.4 |
|
Grants |
562 |
207 |
350 |
|
225.6 |
-63.1 |
68.8 |
|
Other revenue |
17 539 |
21 053 |
28 996 |
|
38.6 |
20.0 |
37.7 |
|
Sale of assets |
6 848 |
2 200 |
427 |
|
- |
- |
- |
|
Total revenue |
252 998 |
264 163 |
226 745 |
|
17.4 |
4.4 |
-14.2 |
Treasury expenditure in January–July 2007–2009
|
|
Millions of krónur |
|
Change from previous year in per cent |
|||
|
|
2007 |
2008 |
2009 |
|
2008 |
2009 |
|
General public services |
29 527 |
35 699 |
59 585 |
|
20.9 |
66.9 |
|
of which: interest |
10 106 |
11 696 |
34 060 |
|
15.7 |
191.2 |
|
Defence |
353 |
684 |
891 |
|
93.9 |
30.2 |
|
Law enforcement, justice, security |
9 302 |
11 545 |
13 687 |
|
24.1 |
18.6 |
|
Economic affairs |
26 037 |
34 185 |
36 910 |
|
31.3 |
8.0 |
|
Environmental protection |
2 166 |
2 229 |
2 430 |
|
2.9 |
9.0 |
|
Housing, zoning and utilities |
256 |
308 |
365 |
|
20.4 |
18.4 |
|
Health |
53 168 |
58 817 |
66 428 |
|
10.6 |
12.9 |
|
Culture, sports and religion |
9 408 |
10 156 |
11 355 |
|
8.0 |
11.8 |
|
Education |
23 072 |
25 593 |
28 330 |
|
10.9 |
10.7 |
|
Social security and welfare |
45 372 |
52 881 |
81 516 |
|
16.5 |
54.2 |
|
Irregular expenditure |
5 164 |
4 964 |
7 139 |
|
-3.9 |
43.8 |
|
Total expenditure |
203 826 |
237 062 |
308 636 |
|
16.3 |
30.2 |
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.