Guideline of the European Central Bank of 17 February 2005 on the statistical reporting requirements of the European Central Bank and the procedures for exchanging statistical information within the European System of Central Banks in the field of government finance statistics (ECB/2005/5)
Date: 2005-02-17
Institutions: European Central Bank
Subjects: European Central Bank, European System of Central Banks, exchange of information, financial statistics

29.4.2005

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Official Journal of the European Union

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GUIDELINE OF THE EUROPEAN CENTRAL BANK

of 17 February 2005

on the statistical reporting requirements of the European Central Bank and the procedures for
exchanging statistical information within the European System of Central Banks in the field of
government finance statistics

(ECB/2005/5)

(2005/327/EC)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

(6)

Having regard to the Statute of the European System of Central
Banks and of the European Central Bank, and in particular
Article 5.1 and 5.2, Article 12.1 and Article 14.3 thereof,

For reasons of consistency, the ESCB’s requirements in the
field of GFS should be based as much as possible on the
Community statistical standards laid down by Council
Regulation (EC) No 2223/96 of 25 June 1996 on the Euro-
pean System of National and Regional Accounts in the
Community (2) (hereinafter the ‘ESA 95’).

Whereas:

To fulfil its tasks the European System of Central Banks
(ESCB) needs comprehensive and reliable government
finance statistics (GFS).

(7)

(1)

(2)

(3)

(4)

(5)

The procedures laid down in this Guideline do not affect
the responsibilities and competencies at the level of the
Member States and of the Community.

Article 5.1 of the Statute requires the European Central
Bank (ECB), assisted by the national central banks (NCBs),
to collect either from the competent national authorities or
directly from economic agents the statistical information
necessary for it to undertake the tasks of the ESCB.
Article 5.2 stipulates that the NCBs shall carry out, to the
extent possible, the tasks described in Article 5.1.

Part of the information necessary to meet the ESCB’s sta-
tistical requirements in the field of GFS is compiled by
competent national authorities other than NCBs. There-
fore, some of the tasks to be undertaken under this Guide-
line require cooperation between the ESCB and the
competent national authorities, in line with Article 5.1 of
the Statute and Article 4 of Council Regulation (EC)
No 2533/98 of 23 November 1998 concerning the collec-
tion of statistical information by the European Central
Bank (1).

It is necessary to establish efficient procedures for exchang-
ing GFS within the ESCB, to ensure that the ESCB has
timely GFS meeting its needs and that there is compatibil-
ity between them and the forecasts of the same variables
prepared by the NCBs, irrespective of whether the statis-
tics are compiled by the NCBs or by the competent national
authorities.

(1) OJ L 318, 27.11.1998, p. 8.

Table 2 (Main aggregates general government) of the Trans-
mission Programme in Annex B of the ESA 95, available
twice a year (with lags of three and eight months after the
end of the last year covered) covers most of the basic infor-
mation needed to fulfil the reporting requirements for rev-
enue and expenditure. The remaining basic information
needed to compile euro area and European Union (EU)
totals for revenue and expenditure relates mainly to trans-
actions between the Member States and the EU budget.

(8)

Selected government debt and deficit-debt adjustment sta-
tistics are made available twice a year, before 1 March and
1 September, according to Council Regulation (EC)
No 3605/93 of 22 November 1993 on the application of
the Protocol on the excessive deficit procedure annexed to
the Treaty establishing the European Community (3).
Table 6 (Financial accounts by sector (transactions)) and
Table 7 (Balance sheets for financial assets and liabilities) of
the Transmission Programme in Annex B of the ESA 95,
including financial accounts for the general government
sector and its sub-sectors, are made available once a year
(with a lag of nine months after the end of the last year
covered). However, these sources do not satisfy the ESCB’s
needs in respect of coverage and timeliness.

(2) OJ L 310, 30.11.1996, p. 1. Regulation as last amended by Regula-
tion (EC) No 1267/2003 of the European Parliament and of the Coun-
cil (OJ L 180, 18.7.2003, p. 1).

(3) OJ L 332, 31.12.1993, p. 7. Regulation as last amended by Commis-
sion Regulation (EC) No 351/2002 (OJ L 55, 26.2.2002, p. 23).

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(9)

Regarding government debt and deficit-debt adjustment
statistics, the ESCB also requires data not available from the
statistics described above, especially data on the break-
downs of debt by initial and residual maturity, denomina-
tion and holders, and on the other
linking
transactions at market valuation, in line with the ESA 95,
and changes in government debt at nominal value, in line
with Regulation (EC) No 3605/93. Therefore, despite the
sources described above, further compilation by the com-
petent national authorities is necessary.

flows

(10)

Constraints on GFS collection systems and on resources
mean that derogations from this Guideline may have to be
granted.

(11)

(12)

The transmission from the NCBs to the ECB of confiden-
tial statistical information takes place to the extent neces-
sary for the exercise of the tasks of the ESCB. The
confidentiality regime is laid down in Article 8 of Regula-
tion (EC) No 2533/98 and Guideline ECB/1998/NP28 of
the European Central Bank of 22 December 1998 concern-
ing the common rules and minimum standards to protect
the confidentiality of the individual statistical information
collected by the European Central Bank with the assistance
of the national central banks (4).

It is necessary to set up a procedure to carry out technical
amendments to the annexes to this Guideline in an effec-
tive manner, provided that such amendments neither
change the underlying conceptual framework nor affect
the reporting burden. Account will be taken of the views
of the Statistics Committee of the ESCB when following
the procedure. NCBs may propose such technical amend-
ments to the annexes through the Statistics Committee.

2.

3.

4.

5.

6.

7.

8.

9.

‘euro area’ shall mean the economic territory of the partici-
pating Member States, and the ECB;

‘debt of which variable interest rate’ shall mean debt in those
financial instruments whose coupon payments are not a pre-
determined percentage of the principal, but depend on a third
interest or yield rate or on another indicator;

‘revenue and expenditure statistics’ shall mean the statistics
contained in Table 1A, Table 1B and Table 1C of Annex I;

‘deficit-debt adjustment statistics’ shall mean the statistics
contained in Table 2A and Table 2B of Annex I;

‘debt statistics’ shall mean the statistics contained in Table 3A
and Table 3B of Annex I;

‘complete data set’ shall mean all categories under ‘revenue
and expenditure statistics’, ‘deficit-debt adjustment statistics’
and ‘debt statistics’;

‘key categories’ and ‘secondary categories’ shall mean the cat-
egories named as such in Annex I;

‘partial data set’ shall mean all categories or the key catego-
ries under one of the following: ‘revenue and expenditure sta-
tistics’, ‘deficit-debt adjustment statistics’ or ‘debt statistics’.

Article 2

Statistical reporting obligations of the NCBs

(13)

In accordance with Article 12.1 and Article 14.3 of the
Statute, ECB guidelines form an integral part of Commu-
nity law,

1.
The NCBs shall report GFS to the ECB, as specified in
Annex I, on a calendar annual basis. The data shall comply with
the principles and definitions of the ESA 95 and of Regula-
tion (EC) No 3605/93, as further detailed in Annex II.

HAS ADOPTED THIS GUIDELINE:

The data shall cover the period from 1991 to the year to

2.
which the transmission relates (year t-1).

Article 1

Definitions

For the purposes of this Guideline:

3.
The data on deficit/surplus, debt, revenue, expenditure or
nominal gross domestic product (GDP) shall be accompanied by
reasons for revisions when the magnitude of the change to
deficit/surplus caused by revisions is at least 0.3 % of GDP or the
magnitude of the change to debt, revenue, expenditure or nomi-
nal GDP caused by revisions is at least 0.5 % of GDP.

1.

‘participating Member State’ shall mean a Member State
which has adopted the single currency in accordance with the
Treaty establishing the European Community;

Article 3

Statistical reporting obligations of the ECB

(4) Published in OJ L 55, 24.2.2001, p. 72, as Annex III to Decision
ECB/2000/12 of 10 November 2000 on the publication of certain
legal acts and instruments of the European Central Bank.

1.
On the basis of the data reported by the NCBs, the ECB shall
manage the ‘GFS database’, which will include euro area and EU
aggregates. The ECB shall disseminate the GFS database to the
NCBs.

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The NCBs shall flag their statistical information indicating to
2.
whom it may be made available. The ECB shall take this flagging
into account when it disseminates the GFS database.

The Executive Board of the ECB shall report yearly to the
2.
Governing Council of the ECB on the quality of the annual GFS.

Article 4

Timeliness

The NCBs shall report complete data sets twice a year,

1.
before 15 April and before 15 September.

2.
The NCBs shall report on their own initiative partial data
sets, between the two deliveries described in paragraph one, when
new information becomes available. When reporting a partial
data set covering only key categories, the NCBs may also provide
estimates of the secondary categories.

3.
The report shall address, at least, the coverage of the data,
the extent to which they comply with the relevant definitions, and
the magnitude of revisions.

Article 8

Derogations

1.
The Governing Council of the ECB shall grant derogations
to the NCBs that are unable to comply with the requirements laid
down in Articles 2 and 4(1). The granted derogations are listed in
Annex IV.

3.
The ECB shall disseminate the GFS database to the NCBs at
least once a month, not later than the next ECB working day after
the ECB finalises the data for publication.

2.
An NCB which has been granted a derogation for a speci-
fied period of time shall inform the ECB yearly of the steps to be
taken in order to fully comply with the reporting requirements.

Article 5

The Governing Council of the ECB shall review the deroga-

3.
tions yearly.

Cooperation with the competent national authorities

1. Where the sources of some or all of the data and the infor-
mation described in Article 2 are competent national authorities
other than the NCBs, the NCBs shall endeavour to establish with
those authorities the appropriate modalities of cooperation to
ensure a permanent structure of data transmission to fulfil the
standards and requirements of the ESCB, unless the same result is
already achieved on the basis of national legislation.

2. When in the course of this cooperation an NCB is unable to
comply with the requirements laid down in Articles 2 and 4
because the competent national authority did not provide the
NCB with the necessary information, the ECB and the NCB shall
discuss with that authority how the information can be made
available.

Article 6

Transmission and coding standards

The NCBs and the ECB shall use the standards specified in
Annex III to transmit and code the data described in Articles 2
and 3. This requirement does not prevent the use of some other
means of transmitting statistical information to the ECB as an
agreed fallback solution.

Article 7

Quality

The ECB and NCBs shall monitor and promote the quality

1.
of the data reported to the ECB.

Article 9

Simplified amendment procedure

Taking account of the views of the Statistics Committee, the
Executive Board of the ECB shall be entitled to make technical
amendments to the annexes to this Guideline, provided that such
amendments neither change the underlying conceptual frame-
work nor affect the reporting burden.

Article 10

Entry into force

This Guideline shall enter into force two days following its
adoption.

Article 11

Addressees

This Guideline is addressed to the NCBs of the participating Mem-
ber States.

Done at Frankfurt am Main, 17 February 2005.

For the Governing Council of the ECB
The President of the ECB
Jean-Claude TRICHET

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ANNEX I

DATA REPORTING REQUIREMENTS

The complete data set comprises revenue and expenditure statistics (Table 1A, Table 1B and Table 1C), deficit-debt adjust-
ment statistics (Table 2A and Table 2B) and debt statistics (Table 3A and Table 3B). Key categories are those in bold, while
the remaining ones are secondary categories. Partial data sets comprise at least the key categories under revenue and expen-
diture statistics, deficit-debt adjustment statistics or debt statistics. The categories refer to the general government sector
unless stated otherwise.

REVENUE AND EXPENDITURE STATISTICS

Table 1A

Category

Deficit (–) or surplus (+)

Deficit (–) or surplus (+) of central government

Deficit (–) or surplus (+) of state government

Deficit (–) or surplus (+) of local government

Deficit (–) or surplus (+) of social security funds

Primary deficit (–) or surplus (+)

Total revenue

Total expenditure

Current revenue

Direct taxes

of which payable by corporations

of which payable by households

Indirect taxes

of which VAT

Social contributions

of which employers’ actual social contributions

of which employees’ social contributions

Other current revenue

of which interest receivable

Sales

Current expenditure

Current transfers

Social payments

Subsidies payable

Other current transfers payable

Interest payable

Compensation of employees

of which wages and salaries

Intermediate consumption

Gross savings

Capital revenue

of which capital taxes

No and linear relation

1 = 7 – 8 = 2 + 3 + 4 + 5

2

3

4

5

6 = 1 + 26

7 = 9 + 31

8 = 21 + 33

9 = 10 + 13 + 15 + 18 + 20

10

11

12

13

14

15

16

17

18

19

20

21 = 22 + 26 + 27 + 29

22 = 23 + 24 + 25

23

24

25

26

27

28

29

30 = 9 – 21

31

32

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Category

Capital expenditure

Investment

Other net acquisitions of non-financial assets

Capital transfers payable

Memorandum items

EDP deficit (–) or surplus (+)

EDP interest payable

Proceeds from the sale of UMTS licences

Actual social contributions

Social benefits other than social transfers in kind

Gross domestic product

Gross domestic product at constant prices

Government investment at constant prices

Table 1B

Category

Payments by Member State to EU budget

Indirect taxes receivable by EU budget

of which VAT received by EU budget

Current international cooperation payable by government to EU budget

Miscellaneous current transfers payable by government to EU budget

of which EU fourth own resource

Capital transfers payable by government to EU budget

EU expenditure in Member State

Subsidies payable by EU budget

Current transfers payable by EU budget to government

Current transfers payable by EU budget to non-government units

Capital transfers payable by EU budget to government

Capital transfers payable by EU budget to non-government units

Net receipts from EU budget (net receiver +, net payer –)

Memorandum item

Own resources collection costs

No and linear relation

33 = 34 + 35 + 36

34

35

36

37

38

39

40

41

42

43

44

No and linear relation

1 = 2 + 4 + 5 + 7

2

3

4

5

6

7

8 = 9 + 10 + 11 + 12 + 13

9

10

11

12

13

14 = 8 – 1

15

Table 1C

Category

No and linear relation

Final consumption expenditure

Individual consumption expenditure

Collective consumption expenditure

1 = 2 + 3 = 4 + 5 + 6 + 7 + 8 +
9 – 10

2

3

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Category

Compensation of employees

Intermediate consumption

Social transfers in kind supplied via market producers

Consumption of fixed capital

Taxes on production paid minus subsidies received

Net operating surplus

Sales

Memorandum item

Final consumption expenditure at constant prices

No and linear relation

4 = [1A.27] (1)

5 = [1A.29]

6

7

8

9

10 = [1A.20]

11

DEFICIT-DEBT ADJUSTMENT STATISTICS

Table 2A

Category

No and linear relation

Deficit (–) or surplus (+)

Adjustment between financial and non-financial accounts

Net transactions in financial assets and liabilities

Transactions in financial assets (consolidated)

Transactions in currency and deposits

Transactions in securities other than shares — short and long-term securities

Transactions in financial derivatives

Transactions in loans

Transactions in shares and other equity

Privatisation

Equity injections

Other

Transactions in other financial assets

of which accrued taxes minus cash tax receipts

Transactions in liabilities (consolidated)

Transactions in currency and deposits

Transactions in securities other than shares — short-term securities

Transactions in securities other than shares — long-term securities

Transactions in financial derivatives

Transactions in loans

of which loans from central bank

Transactions in other liabilities

Transactions in debt instruments (consolidated)

= general government borrowing requirement (GGBR)

Transactions in long-term debt instruments

(1)

[x.y] refers to the category number y of Table x.

1 = [1A.1]

2 = 1 – 3

3 = 4 – 15

4 = 5 + 6 + 7 + 8 + 9 + 13

5

6

7

8

9

10

11

12

13

14

15 = 16 + 17 + 18 + 19 + 20 + 22

16

17

18

19

20

21

22

23 = 16 + 17 + 18 + 20

23 = 25 + 26 + 27

23 = 2 – 1 + 4 – 19 – 22

24

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Category

No and linear relation

Transactions in debt instruments denominated in national currency

Transactions in debt instruments denominated in a participating foreign
currency (2)

Transactions in debt instruments denominated in a non-participating foreign
currency

Other flows

Valuation effects on debt

Foreign exchange holding gains and losses

Other valuation effects — face value

Other changes in volume of debt

Change in debt

Table 2B

Category

Transactions in debt instruments — non-consolidated

Transactions in currency and deposits (liabilities) — non-consolidated

Transactions in short-term securities (liabilities) — non-consolidated

Transactions in long-term securities (liabilities) — non-consolidated

Transactions in loans from central bank

Transactions in other loans (liabilities) — non-consolidated

Consolidating transactions

Consolidating transactions — currency and deposits

Consolidating transactions — short-term securities

Consolidating transactions — long-term securities

25

26

27

28 = 29 + 32

29 = 30 + 31

30

31

32

33 = 23 + 28

33 = 2 – 1 + 4 – 19 – 22 + 28

No and linear relation

1 = 2 + 3 + 4 + 5 + 6

2

3

4

5

6

7 = 8 + 9 + 10 + 11

8 = 2 – [2A.16]

9 = 3 – [2A.17]

10 = 4 – [2A.18]

Consolidating transactions — loans

11 = 6 – [2A.20] – [2A.21]

DEBT STATISTICS

Table 3A

Debt

Category

Debt — currency and deposits (liabilities)

Debt — short-term securities (liabilities)

Debt — long-term securities (liabilities)

Debt — loans from central bank (liabilities)

Debt — other loans (liabilities)

(2) To be reported for the years before the Member State became a participating Member State.

No and linear relation

1 = 2 + 3 + 4 + 5 + 6

= 7 + 12 = 15 + 16 + 17

= 18 + 19 = 21 + 22 + 24

= 26 + 27 + 28 + 29

2

3

4

5

6

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Category

Debt held by residents of the Member State

Debt held by central bank

Debt held by other monetary financial institutions

Debt held by other financial institutions

Debt held by other residents of the Member State

No and linear relation

7 = 8 + 9 + 10 + 11

8

9

10

11

Debt held by non-residents of the Member State

12 = 13 + 14

Debt held by non-residents inside the euro area

Debt held by non-residents outside the euro area

Debt denominated in national currency

Debt denominated in a participating foreign currency

Debt denominated in a non-participating foreign currency

Short-term debt

Long-term debt

of which variable interest rate

Debt with residual maturity up to 1 year

Debt with residual maturity over 1 and up to 5 years

of which variable interest rate

Debt with residual maturity over 5 years

of which variable interest rate

Central government debt component

State government debt component

Local government debt component

Social security funds debt component

Memorandum items

Average residual maturity of debt

Debt — zero-coupon bonds

Table 3B

Category

Debt (non-consolidated)

Consolidating elements

Consolidating elements — currency and deposits

Consolidating elements — short-term securities

Consolidating elements — long-term securities

Consolidating elements — loans

Debt issued by central government

of which held by other government sub-sectors

Debt issued by State government

of which held by other government sub-sectors

Debt issued by local government

of which held by other government sub-sectors

13

14

15

16

17

18

19

20

21

22

23

24

25

26 = [3B.7] – [3B.15]

27 = [3B.9] – [3B.16]

28 = [3B.11] – [3B.17]

29 = [3B.13] – [3B.18]

30

31

No and linear relation

1 = 7 + 9 + 11 + 13

2 = 3 + 4 + 5 + 6 = 8 + 10 + 12 +
14

= 15 + 16 + 17 + 18

3

4

5

6

7

8

9

10

11

12

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Category

No and linear relation

Debt issued by social security funds

of which held by other government sub-sectors

Memorandum items

Holdings by central government of debt issued by units in other government
sub-sectors

Holdings by state government of debt issued by units in other government
sub-sectors

Holdings by local government of debt issued by units in other government
sub-sectors

Holdings by social security funds of debt issued by units in other government
sub-sectors

13

14

15

16

17

18

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ANNEX II

METHODOLOGICAL DEFINITIONS

1. Methodological references

The categories detailed in Annex I are, in general, defined by reference to Annex A to the ESA 95 and/or to Council Regu-
lation (EC) No 3605/93. Complementary methodological definitions are laid down in Article 1 of this Guideline. In par-
ticular, the codes referring to sectors and subsectors are detailed in the following table.

Sectors and subsectors in the ESA 95

Total economy

Non-financial corporations

Financial corporations

Central bank

Public

National
private

Foreign
controlled

S.11001

S.11002

S.11003

S.1

S.11

S.12

S.121

Other monetary financial institutions

S.122

S.12201

S.12202

S.12203

Other financial intermediaries, except insurance corporations
and pension funds

S.123

S.12301

S.12302

S.12303

Financial auxiliaries

S.124

S.12401

S.12402

S.12403

Insurance corporations and pension funds

S.125

S.12501

S.12502

S.12503

General government

Central government

State government

Local government

Social security funds

Households

Non-profit institutions serving households

Rest of the world

The EU

The member countries of the EU

The institutions of the EU

Third countries and international organisations

2. Definition of the categories (1)

Table 1A

S.13

S.1311

S.1312

S.1313

S.1314

S.14

S.15

S.2

S.21

S.211

S.212

S.22

1. Deficit (–) or surplus (+) [1A.1] is equal to net lending (+)/net borrowing (–) (B.9) of S.13.

2. Deficit (–) or surplus (+) of central government [1A.2] is equal to net lending (+)/net borrowing (–) (B.9) of S.1311.

3. Deficit (–) or surplus (+) of State government [1A.3] is equal to net lending (+)/net borrowing (–) (B.9) of S.1312.

4. Deficit (–) or surplus (+) of local government [1A.4] is equal to net lending (+)/net borrowing (–) (B.9) of S.1313.

5. Deficit (–) or surplus (+) of social security funds [1A.5] is equal to net lending (+)/net borrowing (–) (B.9) of S.1314.

(1)

[x.y] refers to the category number y of Table x.

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6.

Primary deficit (–) or surplus (+) [1A.6] is equal to deficit (–) or surplus (+) [1A.1], plus interest payable [1A.26].

7.

Total revenue [1A.7] is equal to current revenue [1A.9], plus capital revenue [1A.31].

8.

Total expenditure [1A.8] is equal to current expenditure [1A.21], plus capital expenditure [1A.33].

9.

Current revenue [1A.9] is equal to direct taxes [1A.10], plus indirect taxes [1A.13], plus social contributions [1A.15],
plus other current revenue [1A.18], plus sales [1A.20].

10. Direct taxes [1A.10] is equal to current taxes on income and wealth, etc. (D.5) recorded among resources of S.13.

11. Direct taxes of which payable by corporations [1A.11] is equal to current taxes on income and wealth, etc. (D.5)

recorded among resources of S.13 and uses of S.11 and S.12.

12. Direct taxes of which payable by households [1A.12] is equal to current taxes on income and wealth, etc. (D.5) recorded

among resources of S.13 and uses of S.14.

13.

Indirect taxes [1A.13] is equal to taxes on production and imports (D.2) recorded among resources of S.13, plus indi-
rect taxes receivable by EU budget [1B.2].

14.

Indirect taxes of which VAT [1A.14] is equal to value added type taxes (D.211) recorded among resources of S.13
and S.212.

15. Social contributions [1A.15] is equal to social contributions (D.61) recorded among resources of S.13.

16. Social contributions of which employers’ actual social contributions [1A.16] is equal to employers’ actual social con-

tributions (D.6111) recorded among resources of S.13.

17. Social contributions of which employees’ social contributions [1A.17] is equal to employees’ social contribu-

tions (D.6112) recorded among resources of S.13.

18. Other current revenue [1A.18] is equal to property income (D.4), non-life insurance claims (D.72), current interna-
tional cooperation (D.74), and miscellaneous current transfers (D.75) recorded among resources of S.13, except S.13
resources of interest (D.41) that are also uses of S.13, plus receipts of other subsidies on production (D.39) that are
uses of S.13, minus current transfers payable by EU budget to government [1B.10], plus net receipts from EU bud-
get [1B.14], if positive.

19. Other current revenue of which interest receivable [1A.19] is equal to interest (D.41) recorded among resources of S.13

and uses of all sectors except S.13.

20. Sales [1A.20] is equal to market output (P.11), plus output for own final use (P.12), plus payments for other non-

market output (P.131) recorded among resources of S.13.

21. Current expenditure [1A.21] is equal to current transfers [1A.22], plus interest payable [1A.26], plus compensation of

employees [1A.27], plus intermediate consumption [1A.29].

22. Current transfers [1A.22] is equal to social payments [1A.23], plus subsidies [1A.24], plus other current transfers pay-

able [1A.25].

23. Social payments [1A.23] is equal to social benefits other than social transfers in kind (D.62), plus social transfers in
kind related to expenditure on products supplied to households via market producers (D.6311 + D.63121 + D.63131)
recorded among uses of S.13, plus miscellaneous current transfers (D.75) recorded among uses of S.13 and resources
of S.15.

24. Subsidies payable [1A.24] is equal to subsidies (D.3) recorded among the resources of S.13, plus subsidies payable by

EU budget [1B.9] to national residents.

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25. Other current transfers payable [1A.25] is equal to current taxes on income and wealth, etc. (D.5), other taxes on pro-
duction (D.29), property income (D.4) except interest (D.41), net non-life insurance premiums (D.71), current inter-
national cooperation (D.74) recorded among uses of S.13, and miscellaneous current transfers (D.75) recorded among
uses of S.13 and resources of all sectors except S.15, minus current transfers (D.74 and D.75) payable by government
to EU budget [1B.4 and 1B.5], minus net receipts from EU budget [1B.14] if negative.

26.

Interest payable [1A.26] is equal to interest (D.41) recorded among uses of S.13 and resources of all sectors except S.13.

27. Compensation of employees [1A.27] is equal to compensation of employees (D.1) recorded among uses of S.13.

28. Compensation of employees of which wages and salaries [1A.28] is equal to wages and salaries (D.11) recorded among

uses of S.13.

29.

Intermediate consumption [1A.29] is equal to intermediate consumption (P.2) recorded among uses of S.13.

30. Gross savings [1A.30] is equal to current revenue [1A.9], minus current expenditure [1A.21].

31. Capital revenue [1A.31] is equal to capital transfers receivable (D.9) recorded among changes in the liabilities and net
worth of S.13, and recorded as a capital transfer payable by all sectors except S.13, minus capital transfers payable by
EU budget to government [1B.12].

32. Capital revenue of which capital taxes [1A.32] is equal to capital taxes (D.91) recorded among changes in liabilities

and net worth of S.13.

33. Capital expenditure [1A.33] is equal to investment [1A.34], plus other net acquisitions of non-financial assets [1A.35],

plus capital transfers payable [1A.36].

34.

Investment [1A.34] is equal to gross fixed capital formation (P.51) recorded among changes in assets of S.13.

35. Other net acquisitions of non-financial assets [1A.35] is equal to the increase in inventories (P.52), net acquisition of
valuables (P.53), and net acquisition of non-financial non-produced assets (K.2) recorded among changes in assets
of S.13.

36. Capital transfers payable [1A.36] is equal to capital transfers payable (D.9) recorded among changes in liabilities and
net worth of S.13, and recorded as a capital transfer receivable by all sectors except S.13, plus capital transfers payable
by EU budget to non-government units [1B.13], minus capital transfers payable by government to EU budget [1B.7].

37. EDP (excessive deficit procedure) deficit (–) or surplus (+) [1A.37] is equal to EDP net lending (+)/net borrowing (–)

(EDPB.9) of S.13.

38. EDP interest payable [1A.38] is equal to EDP interest (EDPD.41) recorded among uses of S.13 and resources of all sec-

tors except S.13.

39. Proceeds from the sale of UMTS (universal mobile telecommunication systems) licences [1A.39] is equal to the pro-
ceeds coming from the sale of the third generation of mobile phone licences, recorded as a disposal of a non-financial
asset according to Eurostat’s decision on the allocation of mobile phone licences.

40. Actual social contributions [1A.40] is equal to actual social contributions (D.611) recorded among resources of S.13.

41. Social benefits other than social transfers in kind [1A.41] is equal to social benefits other than social transfers in

kind (D.62) recorded among uses of S.13.

42. Gross domestic product [1A.42] is equal to gross domestic product (B.1*g) at market prices.

43. Gross domestic product at constant prices [1A.43] is equal to gross domestic product (B.1*g) at constant prices.

44. Government investment at constant prices [1A.44] is equal to gross fixed capital formation (P.51), recorded among

changes in assets of S.13, at constant prices.

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Table 1B

1.

2.

3.

4.

Payments by Member State to EU budget [1B.1] is equal to indirect taxes receivable by EU budget plus current inter-
national cooperation (D.74) payable by government to EU budget [1B.4] plus miscellaneous current transfers (D.75)
payable by government to EU budget [1B.5] plus capital transfers (D.9) payable by government to EU budget [1B.7].

Indirect taxes receivable by EU budget [1B.2] is equal to taxes on production and imports (D.2) recorded among
resources of S.212.

Indirect taxes of which VAT received by EU budget [1B.3] is equal to value added type taxes (D.211) recorded among
resources of S.212.

Current international cooperation payable by government to EU budget [1B.4] is equal to current international coop-
eration (D.74) recorded among resources of S.212 and uses of S.13.

5. Miscellaneous current transfers payable by government to EU budget [1B.5] is equal to miscellaneous current trans-

fers (D.75) recorded among resources of S.212 and uses of S.13.

6. Miscellaneous current transfers payable by government to EU budget of which EU fourth own resource [1B.6] is equal
to the GNP-based fourth own resource (ESA 95 paragraph 4.138) recorded as miscellaneous current transfers (D.75)
among resources of S.212 and uses of S.13.

7.

8.

Capital transfers payable by government to EU budget [1B.7] is equal to capital transfers payable (D.9) recorded among
changes in liabilities and net worth of S.13 and recorded as a capital transfer receivable by S.212.

EU expenditure in Member State [1B.8] is equal to subsidies (D.3) payable by EU budget [1B.9], plus current trans-
fers (D.7) payable by EU budget to government [1B.10], plus current transfers (D.7) payable by EU budget to non-
government units [1B.11], plus capital transfers (D.9) payable by EU budget to government [1B.12], plus capital
transfers (D.9) payable by EU budget to non-government units [1B.13].

9.

Subsidies payable by EU budget [1B.9] is equal to subsidies (D.3) recorded among the resources of S.212.

10. Current transfers payable by EU budget to government [1B.10] is equal to current international cooperation (D.74) and

miscellaneous current transfers (D.75) recorded among resources of S.13 and uses of S.212.

11. Current transfers payable by EU budget to non-government units [1B.11] is equal to miscellaneous current trans-

fers (D.75) recorded among uses of S.212 and resources of all sectors except S.13.

12. Capital transfers payable by EU budget to government [1B.12] is equal to capital transfers receivable (D.9) recorded

among changes in liabilities and net worth of S.13 and among changes in assets of S.212.

13. Capital transfers payable by EU budget to non-government units [1B.13] is equal to capital transfers payable (D.9)
recorded among changes in assets of S.212 and changes in liabilities and net worth of all sectors except S.13.

14. Net receipts from EU budget [1B.14] is equal to the net receipts of government from EU budget plus the net receipts

of non-government units from EU budget.

15. Own resources collection costs [1B.15] is that part of market output (P.11) recorded among resources of S.13 that is

the own resources collection costs paid by EU budget.

Table 1C

1.

Final consumption expenditure [1C.1] is equal to final consumption expenditure (P.3) recorded among uses of S.13.

2.

Individual consumption expenditure [1C.2] is equal to individual consumption expenditure (P.31) recorded among uses
of S.13.

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3.

Collective consumption expenditure [1C.3] is equal to collective consumption expenditure (P.32) recorded among uses
of S.13.

4.

Compensation of employees [1C.4] is equal to [1A.27].

5.

Intermediate consumption [1C.5] is equal to [1A.29].

6.

7.

8.

Social transfers in kind supplied via market producers [1C.6] is equal to social transfers in kind related to expenditure
on products supplied to households via market producers (D.6311 + D.63121 + D.63131) recorded among uses
of S.13.

Consumption of fixed capital [1C.7] is equal to consumption of fixed capital (K.1) recorded among changes in liabili-
ties and net worth of S.13.

Taxes on production paid minus subsidies received [1C.8] is equal to payments of other taxes on production (D.29)
recorded among uses of S.13, minus the receipt of other subsidies on production (D.39) recorded among the uses
of S.13.

9. Net operating surplus [1C.9] is equal to operating surplus, net (B.2n) of S.13.

10. Sales [1C.10] is equal to [1A.20].

11. Final consumption expenditure at constant prices [1C.11] is equal to final consumption expenditure (P.3) recorded

among uses of S.13 at constant prices.

Table 2A

1. Deficit (–) or surplus (+) [2A.1] is equal to [1A.1].

2. Adjustment between financial and non-financial accounts [2A.2] is equal to deficit (–) or surplus (+) [2A.1], minus net

transactions in financial assets and liabilities [2A.3].

3. Net transactions in financial assets and liabilities [2A.3] is equal to transactions in the net acquisition of financial

assets [2A.4], minus the net incurrence of transactions in liabilities [2A.15].

4.

5.

6.

7.

8.

9.

Transactions in financial assets [2A.4] is equal to transactions in currency and deposits (F.2) [2A.5], transactions in secu-
rities other
transactions in
loans (F.4) [2A.8], transactions in shares and other equity (F.5) [2A.9] and transactions in other financial assets [2A.13],
recorded among changes in assets of S.13 and changes in liabilities and net worth of all sectors except S.13.

transactions in financial derivatives (F.34)

than shares (F.33)

[2A.6],

[2A.7],

Transactions in currency and deposits (assets) [2A.5] is equal to the net acquisition of currency and deposits (F.2)
recorded among changes in assets of S.13 and changes in liabilities and net worth of all sectors except S.13.

Transactions in securities other than shares — short and long-term securities (assets) [2A.6] is equal to the net acqui-
sition of securities other than shares, excluding financial derivatives (F.33), recorded among changes in assets of S.13
and changes in liabilities and net worth of all sectors except S.13.

Transactions in financial derivatives (assets) [2A.7] is equal to the net payments in respect of financial derivatives (F.34),
recorded among changes in assets of S.13 and changes in liabilities and net worth of all sectors except S.13.

Transactions in loans (assets) [2A.8] is equal to new loans (F.4) advanced by government, net of repayments to gov-
ernment, recorded among changes in assets of S.13 and changes in liabilities and net worth of all sectors except S.13.

Transactions in shares and other equity (assets) [2A.9] is equal to the net acquisition of shares and other equity (F.5)
recorded among changes in assets of S.13.

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10. Privatisation (net) [2A.10] is equal to transactions in shares and other equity (F.5) recorded among changes in assets
of S.13 and changes in liabilities and net worth of S.11 or S.12 which are carried out in the process of giving up or
gaining control (ESA 95 paragraph 2.26) (2) of the debtor unit by S.13; such transactions might be carried out by S.13
directly with the debtor unit, or with another creditor unit.

11. Equity injections (net) [2A.11] is equal to transactions in shares and other equity (F.5) recorded among changes in assets
of S.13 and changes in liabilities and net worth of S.11 or S.12 which are not carried in the process of giving up or
gaining control of the debtor unit by S.13 and are carried out by S.13 directly with the debtor unit.

12. Other [2A.12] is equal to transactions in shares and other equity (F.5) recorded among changes in assets of S.13 and
changes in liabilities and net worth of S.11, S.12 or S.14 which are not carried out in the process of giving up or gain-
ing control of the debtor unit by S.13 and not carried out by S.13 directly with the debtor unit, but with another credi-
tor unit.

13. Transactions in other financial assets [2A.13] is equal to the net acquisition of monetary gold and special drawing rights
(F.1) recorded among changes in assets of S.13, the net acquisition of insurance technical reserves (F.6) and other
accounts receivable (F.7) recorded among changes in assets of S.13 and changes in liabilities and net worth of all sec-
tors except S.13.

14. Transactions in other financial assets of which accrued taxes minus cash tax receipts [2A.14] is equal to that part of
other accounts receivable/payable (F.7 assets) relating to the taxes and social contributions recorded in D2, D5, D6
and D91, less the amounts of taxes actually collected, recorded among changes in assets of S.13 and changes in liabili-
ties and net worth of all sectors except S.13.

15. Transactions in liabilities (consolidated) [2A.15] is equal to transactions in currency and deposits (F.2) [2A.16], trans-
actions in short-term securities (F.331) [2A.17], transactions in long-term securities (F.332) [2A.18], transactions in
financial derivatives (F.34) [2A.19], transactions in loans (F.4) [2A.20] and transactions in other liabilities [2A.22],
recorded among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

16. Transactions in currency and deposits (liabilities) [2A.16] is equal to the net acquisition of currency and deposits (F.2)

recorded among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

17. Transactions in securities other than shares — short-term securities (liabilities) [2A.17] is equal to the net acquisition
of securities other than shares, excluding financial derivatives, whose original maturity is one year or less (F331),
recorded among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

18. Transactions in securities other than shares — long-term securities (liabilities) [2A.18] is equal to the net acquisition of
securities other than shares, excluding financial derivatives, whose original maturity is over one year (F.332), recorded
among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

19. Transactions in financial derivatives (liabilities) [2A.19] is equal to net receipts in respect of financial derivatives (F.34)

recorded among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

20. Transactions in loans (liabilities) [2A.20] is equal to new loans (F.4) borrowed, net of repayments of existing loans,

recorded among changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.13.

21. Transactions in loans of which loans from central bank [2A.21] is equal to transactions in loans (F.4) recorded among

changes in liabilities and net worth of S.13 and changes in assets of S.121.

22. Transactions in other liabilities [2A.22] is equal to the net incurrence of liabilities in insurance technical reserves (F.6)
and accounts payable (F.7) recorded among changes in liabilities and net worth of S.13 and changes in assets of all sec-
tors except S.13.

(2) Leading to the reclassification of the debtor unit from the subsector S.11001 or S.12x01 to the subsector S.11002/3 or S.12x02/3 or

vice-versa.

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23. Transactions in debt instruments (consolidated) [2A.23] is equal to the net incurrence of liabilities in currency
and deposits (F.2) [2A.16], securities other than shares excluding derivatives, [2A.17 and 2A.18] (F.33), and
loans (F.4) [2A.20]. It is also denominated general government borrowing requirement (GGBR).

24. Transactions in long-term debt instruments [2A.24] is equal to the net incurrence of liabilities in debt instru-

ments [2A.23] whose original maturity is over one year.

25. Transactions in debt instruments denominated in national currency [2A.25] is equal to the net incurrence of liabilities

in debt instruments [2A.23] denominated in the legal tender of the Member State.

26. Transactions in debt instruments denominated in a participating foreign currency [2A.26] is equal to the net incur-
rence of liabilities in debt instruments [2A.23] denominated in ECU, plus debt instruments denominated in euro prior
to the Member State becoming a participating Member State, plus debt instruments denominated in the legal tender of
a participating Member State prior to it becoming a participating Member State. It excludes national currency [2A.25].

27. Transactions in debt instruments denominated in a non-participating foreign currency [2A.27] is equal to the net incur-

rence of liabilities in debt instruments [2A.23] not included in [2A.25] or [2A.26].

28. Other flows [2A.28] is equal to valuation effects on debt [2A.29] plus other changes in volume of debt [2A.32].

29. Valuation effects on debt [2A.29] is equal to foreign exchange holding gains and losses [2A.30], plus other valuation

effects — face value [2A.31].

30. Foreign exchange holding gains and losses [2A.30] is equal to nominal holding gains/losses (K.11) of debt [3A.1] that

changes value when converted into national currency due to changes in currency exchange rates.

31. Other valuation effects — face value [2A.31] is equal to change in debt [2A.33], minus transactions in debt instru-
ments [2A.23], minus foreign exchange holding gains and losses [2.30], minus other changes in volume of
debt [2A.32].

32. Other changes in volume of debt [2A.32] is equal to other volume changes (K.7, K.8, K.10 and K.12) in liabilities clas-
sified either as currency and deposits (AF.2), securities other than shares excluding financial derivatives (AF.33), or
loans (AF.4), that are not assets of S.13.

33. Change in debt [2A.33] is equal to debt [3A.1] in year t, minus debt [3A.1] in year t–1.

Table 2B

1.

2.

3.

4.

5.

6.

Transactions in debt instruments — non-consolidated [2B.1] is equal to transactions in currency and deposits (liabili-
ties) — non-consolidated [2B.2], plus transactions in short-term securities (liabilities) — non-consolidated [2B.3], trans-
actions in long-term securities (liabilities) — non-consolidated [2B.4], plus transactions in loans from the central
bank [2B.5], plus other transactions in other loans (liabilities) — non-consolidated [2B.6].

Transactions in currency and deposits (liabilities) — non-consolidated [2B.2] is equal to transactions in currency and
deposits (F.2) recorded among changes in liabilities and net worth of S.13.

Transactions in short-term securities (liabilities) — non-consolidated [2B.3] is equal to transactions in securities other
than shares, excluding financial derivatives (F.33), whose original maturity is one year or less, recorded among changes
in liabilities and net worth of S.13.

Transactions in long-term securities (liabilities) — non-consolidated [2B.4] is equal to transactions in securities other
than shares, excluding financial derivatives (F.33), whose original maturity is over one year, recorded among changes
in liabilities and net worth of S.13.

Transactions in loans from central bank [2B.5] is equal to transactions in loans (F.4) recorded among changes in liabili-
ties and net worth of S.13 and changes in assets of S.121.

Transactions in other loans (liabilities) — non-consolidated [2B.6] is equal to transactions in loans (F.4) recorded among
changes in liabilities and net worth of S.13 and changes in assets of all sectors except S.121.

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7.

8.

9.

Consolidating transactions [2B.7] is equal to transactions in debt instruments — non-consolidated [2B.1], minus con-
solidated transactions in debt instruments [2A.23].

Consolidating transactions — currency and deposits [2B.8] is equal to transactions in currency and deposits (liabili-
ties) — non-consolidated [2B.2], minus consolidated transactions in currency and deposits (liabilities) [2A.16].

Consolidating transactions — short-term securities [2B.9] is equal to transactions in short-term securities (liabili-
ties) — non-consolidated [2B.3], minus consolidated transactions in short-term securities (liabilities) [2A.17].

10. Consolidating transactions — long-term securities [2B.10] is equal to transactions in long-term securities (liabili-

ties) — non-consolidated [2B.4], minus consolidated transactions in long-term securities (liabilities) [2A.18].

11. Consolidating transactions — loans [2B.11] is equal to transactions in other loans (liabilities) — non-consoli-
dated [2B.6], minus consolidated transactions in loans (liabilities) [2A.20], minus transactions in loans from central
bank [2A.21].

Table 3A

1. Debt [3A.1] is equal to debt as defined in Regulation (EC) No 3605/93.

2. Debt — currency and deposits (liabilities) [3A.2] is equal to that part of debt [3A.1] in the instrument currency and

deposits (AF.2).

3. Debt — short-term securities (liabilities) [3A.3] is equal to that part of debt [3A.1] in the instrument securities other

than shares, excluding financial derivatives (AF.33), whose original maturity is one year or less.

4. Debt — long-term securities (liabilities) [3A.4] is equal to that part of debt [3A.1] in the instrument securities other

than shares, excluding financial derivatives (AF.33), whose original maturity is over one year.

5. Debt — loans from central bank (liabilities) [3A.5] is equal to that part of debt [3A.1] in the instrument loans (AF.4)

which is an asset of S.121.

6. Debt — other loans (liabilities) [3A.6] is equal to that part of debt [3A.1] in the instrument loans (AF.4) which is not

an asset of S.121.

7. Debt held by residents of the Member State [3A.7] is equal to debt held by central bank [3A.8], debt held by other
monetary financial institutions [3A.9], debt held by other financial institutions [3A.10] and debt held by other resi-
dents of the Member State [3A.11].

8. Debt held by central bank [3A.8] is equal to that part of debt [3A.1], which is an asset of S.121.

9. Debt held by other monetary financial institutions [3A.9] is equal to that part of debt [3A.1], which is an asset of S.122.

10. Debt held by other financial institutions [3A.10] is equal to that part of debt [3A.1], which is an asset of S.123, S.124

or S.125.

11. Debt held by other residents of the Member State [3A.11] is equal to that part of debt [3A.1], which is an asset of S.11,

S.14 or S.15.

12. Debt held by non-residents of the Member State [3A.12] is equal to that part of debt [3A.1], which is an asset of S.2.

13. Debt held by non-residents inside the euro area [3A.13] is equal to that part of debt [3A.1], which is an asset of S.2

and is held by non-residents inside the euro area.

14. Debt held by non-residents outside the euro area [3A.14] is equal to that part of debt [3A.1], which is an asset of S.2

and is held by non-residents outside the euro area.

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15. Debt denominated in national currency [3A.15] is equal to that part of debt [3A.1] denominated in the legal tender of

the Member State.

16. Debt denominated in a participating foreign currency [3A.16] is equal — prior to the Member State becoming a par-
ticipating Member State — to that part of debt [3A.1] denominated in the legal tender of one of the participating Mem-
ber States (except national currency [3A.15]), plus debt denominated in ECU or euro.

17. Debt denominated in a non-participating foreign currency [3A.17] is equal to that part of debt [3A.1] not included

in [3A.15] or [3A.16].

18. Short-term debt [3A.18] is equal to that part of debt [3A.1] whose original maturity is one year or less.

19. Long-term debt [3A.19] is equal to that part of debt [3A.1] whose original maturity is over one year.

20. Long-term debt of which variable interest rate [3A.20] is equal to that part of long-term debt [3A.19] whose interest

rate is variable.

21. Debt with residual maturity up to one year [3A.21] is equal to that part of debt [3A.1] with residual maturity of one

year or less.

22. Debt with residual maturity over one and up to five years [3A.22] is equal to that part of debt [3A.1] with residual

maturity over one and up to five years.

23. Debt with residual maturity over one and up to five years of which variable interest rate [3A.23] is equal to that part

of debt [3A.1] with residual maturity over one and up to five years [3A.22] whose interest rate is variable.

24. Debt with residual maturity over five years [3A.24] is equal to that part of debt [3A.1] with residual maturity over

five years.

25. Debt with residual maturity over five years of which variable interest rate [3A.25] is equal to that part of debt with

residual maturity over five years [3A.24] whose interest rate is variable.

26. Central government debt component [3A.26] is equal to the liabilities of S.1311, which are not assets of S.1311, minus

the assets of S.1311 that are liabilities of S.13 other than S.1311 [3B.15].

27. State government debt component [3A.27] is equal to the liabilities of S.1312, which are not assets of S.1312, minus

the assets of S.1312 that are liabilities of S.13 other than S.1312 [3B.16].

28. Local government debt component [3A.28] is equal to the liabilities of S.1313, which are not assets of S.1313, minus

the assets of S.1313 that are liabilities of S.13 other than S.1313 [3B.17].

29. Social security debt component [3A.29] is equal to the liabilities of S.1314, which are not assets of S.1314, minus the

assets of S.1314 that are liabilities of S.13 other than S.1314 [3B.18].

30. Average residual maturity of debt [3A.30] is equal to the average residual maturity weighted by the amounts outstand-

ing, expressed in years.

31. Debt — zero-coupon bonds [3A.31] is equal to that part of debt [3A.1] in the form of zero-coupon bonds, i.e. bonds

without coupon payments, whose interest is based on the difference between the prices at redemption and at issue.

Table 3B

1. Debt — non-consolidated [3B.1] is equal to the liabilities of S.13, including those that are assets of S.13, in the same

instruments as debt [3A.1].

2.

Consolidating elements [3B.2] is equal to the liabilities of S.13 that are simultaneously assets of S.13, in the same instru-
ments as debt [3A.1].

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3.

4.

5.

6.

Consolidating elements — currency and deposits [3B.3] is equal to that part of consolidating elements [3B.2] in the
instrument currency and deposits (F.2).

Consolidating elements — short-term securities [3B.4] is equal to that part of consolidating elements [3B.2] in the
instrument securities other than shares, excluding financial derivatives (F.33), whose original maturity is one year
or less.

Consolidating elements — long-term securities [3B.5] is equal to that part of consolidating elements [3B.2] in the
instrument securities other than shares, excluding financial derivatives (F.33), whose original maturity is over one year.

Consolidating elements — loans [3B.6] is equal to that part of consolidating elements [3B.2] in the instrument
loans (F.4).

7. Debt issued by central government [3B.7] is equal to the liabilities of S.1311, which are not assets of S.1311, in the

same instruments as debt [3A.1].

8. Debt issued by central government of which held by other government sub-sectors [3B.8] is equal to the liabilities

of S.1311 which are assets of S.1312, S.1313 or S.1314, in the same instruments as debt [3A.1].

9. Debt issued by State government [3B.9] is equal to the liabilities of S.1312, which are not assets of S.1312, in the same

instruments as debt [3A.1].

10. Debt issued by State government of which held by other government sub-sectors [3B.10] is equal to the liabilities

of S.1312 which are assets of S.1311, S.1313 or S.1314, in the same instruments as debt [3A.1].

11. Debt issued by local government [3B.11] is equal to the liabilities of S.1313, which are not assets of S.1313, in the

same instruments as debt [3A.1].

12. Debt issued by local government of which held by other government sub-sectors [3B.12] is equal to the liabilities

of S.1313 which are assets of S.1311, S.1312 or S.1314, in the same instruments as debt [3A.1].

13. Debt issued by social security funds [3B.13] is equal to the liabilities of S.1314, which are not assets of S.1314, in the

same instruments as debt [3A.1].

14. Debt issued by social security funds of which held by other government sub-sectors [3B.14] is equal to the liabilities

of S.1314 which are assets of S.1311, S.1312 or S.1313, in the same instruments as debt [3A.1].

15. Holdings by central government of debt issued by units in other government sub-sectors [3B.15] is equal to the liabili-

ties of S.1312, S.1313 or S.1314 which are assets of S.1311, in the same instruments as debt [3A.1].

16. Holdings by state government of debt issued by units in other government sub-sectors [3B.16] is equal to the liabili-

ties of S.1311, S.1313 or S.1314 which are assets of S.1312, in the same instruments as debt [3A.1].

17. Holdings by local government of debt issued by units in other government sub-sectors [3B.17] is equal to the liabili-

ties of S.1311, S.1312 or S.1314 which are assets of S.1313, in the same instruments as debt [3A.1].

18. Holdings by social security of debt issued by units in other government sub-sectors [3B.18] is equal to the liabilities

of S.1311, S.1312 or S.1313 which are assets of S.1314, in the same instruments as debt [3A.1].

L 109/100

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Official Journal of the European Union

29.4.2005

ANNEX III

TRANSMISSION AND CODING STANDARDS

For the electronic transmission of the statistical information as described in Articles 2 and 3, the NCBs and the ECB shall use
the facility provided by the ESCB, which relies upon the telecommunication network ‘ESCB-Net’. The message format devel-
oped for this exchange of statistical information is the ‘GESMES/TS’ format. Each time series shall be coded using the GFS
key family shown below.

GFS key family

Number

Name

Description

Code list

1

2

3

4

5

6

7

8

Frequency

Reference area

Adjustment indicator

Frequency of the reported time series CL_FREQ

Alphanumeric two digit ISO country
code of the reporting country or of
the aggregate

The dimension indicates whether
any kind of adjustments have been
applied to the time series, such as
seasonal
day
adjustments

and/or working

CL_AREA_EE

CL_ADJUSTMENT

Use or creditor/asset sector

Sector for which the category is a
use/change in assets

CL_SECTOR_ESA

Item

Category of the time series

CL_GOVNT_ITEM_ESA

Resource or debtor/liability
sector

Sector for which the category is a
resource/change in liabilities and net
worth

CL_SECTOR_ESA

Valuation

Series unit

Valuation method used

CL_GOVNT_VALUATION

Unit of the reported category and
other characteristics

CL_GOVNT_ST_SUFFIX

29.4.2005

EN

Official Journal of the European Union

L 109/101

ANNEX IV

DEROGATIONS RELATED TO THE TIME SERIES LISTED IN ANNEX I,
TABLES 1A TO 3B

1. Current data (1)

Table/row

Description of the time series

First date of transmission

BELGIUM

3A.20

Long-term debt of which variable interest rate

September 2006

3A.23,25

Debt, breakdown by residual maturity of which variable interest rate

3A.30

Average residual maturity of debt

GERMANY

2A.7,19

Transactions in financial assets and liabilities of which transactions in
financial derivatives

September 2006

2A.13,22

Transactions in other financial assets and other liabilities

2A.30

3A.13,14

3A.23,25

GREECE

Foreign exchange holding gains and losses

Debt held by non-residents, breakdown

Debt, breakdown by residual maturity of which variable interest rate

1A.11,12

Direct taxes, breakdown

September 2006

2A.14

Transactions in other financial assets of which accrued taxes minus cash
tax receipts

3A.13,14

Debt held by non-residents, breakdown

3A.30

SPAIN

2A.7,19

FRANCE

2A.14

Average residual maturity of debt

Transactions in financial assets and liabilities of which transactions in
financial derivatives

September 2006

Transactions in other financial assets of which accrued taxes minus cash
tax receipts

September 2006

3A.13,14

Debt held by non-residents, breakdown

3A.16

3A.20

Debt, breakdown by participating foreign currency in which it is
denominated

Long-term debt of which variable interest rate

3A.21,22,23,24,25

Debt, breakdown by residual maturity

3B.8,12,14

Debt issued by a government subsector and held by another one

3B.15,17,18

Holdings of debt issued by government subsectors, breakdown

(1) Derogations for current and back data, where current data are not available.

L 109/102

EN

Official Journal of the European Union

29.4.2005

Table/row

Description of the time series

First date of transmission

IRELAND

2A.7,19

2A.14

2A.13,22

2A.32

Transactions in financial assets and liabilities of which transactions in
financial derivatives

September 2006

Transactions in other financial assets of which accrued taxes minus cash
tax receipts

Transactions in other financial assets and other liabilities

Other changes in volume of debt

2B.1,2,3,4,5,6

Transactions in debt instruments — non-consolidated and breakdown
by instrument

2B.7,8,9,10,11

Consolidating transactions and breakdown by instrument

3A.13,14

3A.20

3A.23,25

3A.31

Debt held by non-residents, breakdown

Long-term debt of which variable interest rate

Debt, breakdown by residual maturity of which variable interest rate

Debt — zero-coupon bonds

3B.3,4,5,6

Consolidating elements, breakdown by instrument

3B.15,17,18

Holdings of debt issued by government subsectors, breakdown

ITALY

1A.23

2A.7,19

2A.13,22

3A.13,14

LUXEMBOURG

2A.2

2A.3

2A.11,12

2A.7,19

2A.14

Social payments

September 2006

Transactions in financial assets and liabilities of which transactions in
financial derivatives

Transactions in other financial assets and other liabilities

Debt held by non-residents, breakdown

Adjustment between financial and non-financial accounts

September 2006

Net transactions in financial assets and liabilities

Transactions in shares and other equity, breakdown

Transactions in financial assets and liabilities of which transactions in
financial derivatives

Transactions in other financial assets of which accrued taxes minus cash
tax receipts

2A.13,22

Transactions in other financial assets and other liabilities

2A.29,30,31

Valuation effects on debt and breakdown

2A.32

Other changes in volume of debt

3A.7,9,10,11

Debt held by residents, breakdown

3A.12,13,14

Debt held by non-residents, breakdown

3A.21,22,23,24,25

Debt, breakdown by residual maturity

3A.30

3A.31

Average residual maturity of debt

Debt — zero-coupon bonds

29.4.2005

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Official Journal of the European Union

L 109/103

Table/row

NETHERLANDS

3A.13,14

AUSTRIA

Description of the time series

First date of transmission

Debt held by non-residents, breakdown

September 2006

2A.10,11,12

Transactions in shares and other equity, breakdown

September 2006

2A.14

2A.25,26,27

Transactions in other financial assets of which accrued taxes minus cash
tax receipts

Transactions in debt instruments, breakdown by currency in which they
are denominated

2A.29,30,31

Valuation effects on debt and breakdown

2A.32

3A.13,14

Other changes in volume of debt

Debt held by non-residents, breakdown

3A.15,16,17

Debt, breakdown by currency in which it is denominated

3A.20

Long-term debt of which variable interest rate

3A.21,22,23,24,25

Debt, breakdown by residual maturity

3A.30

3A.31

3B.3,4,5,6

PORTUGAL

1C.2,3

3A.20

Average residual maturity of debt

Debt — zero-coupon bonds

Consolidating elements, breakdown by instrument

Individual and collective consumption expenditure

September 2006

Long-term debt of which variable interest rate

3A.21,22,23,24,25

Debt, breakdown by residual maturity

Average residual maturity of debt

Debt held by non-residents, breakdown

September 2006

3A.30

FINLAND

3A.13,14

2. Back data (2)

Table/row

Description of the time series

Data range

First date of trans-
mission

BELGIUM

2A.26, 27

3A.13,14

GERMANY

3A.30

GREECE

1A.16,17

1A.40

1A.41

1C.2,3

1C.6

Transactions in debt instruments, breakdown by foreign
currency in which they are denominated

1991 to 1996

September 2006

Debt held by non-residents, breakdown

1991 to 1997

September 2006

Average residual maturity of debt

1991 to 1998

September 2006

Social contributions, breakdown

1991 to 1994

September 2006

Actual social contributions

Social benefits other than social transfers in kind

Individual and collective consumption expenditure

Social transfers in kind supplied via market producers

(2) Derogations for back data, where current data are available.

L 109/104

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Official Journal of the European Union

29.4.2005

Table/row

Description of the time series

Data range

First date of trans-
mission

2A.7,19

2A.13,22

2A.26,27

Transactions in financial assets and liabilities of which
transactions in financial derivatives

1991 to 1994

September 2006

Transactions in other financial assets and other liabilities

Transactions in debt instruments, breakdown by foreign
currency in which they are denominated

1991-2000

September 2006

3A.20

Long-term debt of which variable interest rate

1991 to 1997

September 2006

3A.21,22,23,24,25

Debt, breakdown by residual maturity

FRANCE

2A.2

2A.3

Adjustment between financial and non-financial accounts

1991 to 1994

September 2006

Net transactions in financial assets and liabilities

2A.4,5,6,7,8,9,10,11,
12,13

Transactions in financial assets and breakdown by instru-
ment

2A.15,16,17,18,19,
20,21,22

Transactions in liabilities and breakdown by instrument

2A.23

2A.24

Transactions in debt instruments

Transactions in long-term debt instruments

2A.25,26,27

Transactions in debt instruments, breakdown by currency
in which they are denominated

2A.29,30,31

Valuation effects on debt and breakdown

2A.32

2A.33

Other changes in volume of debt

Change in debt

2B.1,2,3,4,5,6

Transactions in debt instruments — non-consolidated and
breakdown by instrument

2B.7,8,9,10,11

Consolidating transactions, breakdown by instrument

3A.1,2,3,4,5,6

Debt and breakdown by instrument

3A.7,8,9,10,11

Debt held by residents and breakdown

3A.12

3A.15,17

Debt held by non-residents

Debt, breakdown by national and non-participating foreign
currency in which it is denominated

1991 to 2002

September 2006

3A.18,19

Debt, breakdown by original maturity

1991 to 1994

September 2006

3A.26,27,28,29

Debt (consolidated), breakdown by issuer

3A.30

3A.31

3B.1

Average residual maturity of debt

Debt — zero-coupon bonds

Debt (non-consolidated)

3B.2,3,4,5,6

Consolidating elements, breakdown by instrument

3B.7,11,13

Debt issued by government subsectors

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Official Journal of the European Union

L 109/105

Table/row

Description of the time series

Data range

First date of trans-
mission

IRELAND

2A.4,5,6,7,8,9,10,
11,12

Transactions in financial assets and breakdown by instru-
ment

1991 to 1997

September 2006

3B.1,2

3B.8

3B.12

ITALY

2A.14

Debt (non-consolidated) and consolidating elements

1991 to 1992

September 2006

Debt issued by central government of which held by other
government subsectors

Debt issued by local government of which held by other
government subsectors

Transactions in other financial assets of which accrued
taxes minus cash tax receipts

1991 to 1994

September 2006

2A.26,27

Transactions in debt instruments, breakdown by foreign
currency in which they are denominated

1991 to 1998

September 2006

LUXEMBOURG

2A.25,26,27

NETHERLANDS

3A.21

3A.22

AUSTRIA

2A.2

2A.3

Transactions in debt instruments, breakdown by currency
in which they are denominated

1991 to 1995

September 2006

Debt with residual maturity up to 1 year

1991 to 1994

September 2006

Debt with residual maturity over 1 and up to 5 years

Adjustment between financial and non-financial accounts

1991 to 1999

September 2006

Net transactions in financial assets and liabilities

2A.4,5,6,7,8,9,13

Transactions in financial assets and breakdown by instru-
ment

2A.15,16,17,18,19,
20,21,22

Transactions in liabilities and breakdown by instrument

2A.23

2A.24

2A.32

Transactions in debt instruments (consolidated)

Transactions in long-term debt instruments

Other changes in volume of debt

2B.1,2,3,4,5,6

Transactions in debt instruments — non-consolidated and
breakdown by instrument

2B.7,8,9,10,11

Consolidating transactions and breakdown by instrument

3A.7,8,9,10,11

Debt held by residents and breakdown

1991 to 1994

September 2006

3A.12

Debt held by non-residents

3A.18,19

Debt, breakdown by original maturity

L 109/106

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Official Journal of the European Union

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Table/row

Description of the time series

Data range

First date of trans-
mission

PORTUGAL

2A.2

2A.3

Adjustment between financial and non-financial accounts

1991 to 1994

September 2006

Net transactions in financial assets and liabilities

2A.4,5,6,7,8,9,10,11,
12,13,14

Transactions in financial assets and breakdown by instru-
ment

2A.15,16,17,18,19,
20,21,22

Transactions in liabilities and breakdown by instrument

2A.23

2A.24

2A.25,27

2A.26

Transactions in debt instruments

Transactions in long-term debt instruments

Transactions in debt instruments, breakdown by national
and non-participating foreign currency in which they are
denominated

Transactions in debt instruments, breakdown by participat-
ing foreign currency in which they are denominated

1991 to 1998

September 2006

2A.29,30,31

Valuation effects on debt and breakdown

1991 to 1994

September 2006

2A.32

2A.33

2B.1,2,3,4,5,6

Other changes in volume of debt

Change in debt

Transactions in debt instruments — non-consolidated and
breakdown by instrument

2B.7,8,9,10,11

Consolidating transactions and breakdown by instrument

1991 to 1993

September 2006

1991 to 1994

September 2006

3A.13,14

Debt held by non-residents, breakdown

1991 to 1995

September 2006

3A.15,16,17

Debt, breakdown by currency in which it is denominated

3B.1

Debt (non-consolidated)

1991 to 1994

September 2006

3B.2,3,4,5,6

Consolidating elements and breakdown by instrument

3B.7,11,13

3B.8,12,14

3B.15,17,18

Debt issued by government subsectors, breakdown

Debt issued by a government subsector and held by another
one

Holdings of debt issued by government subsectors, break-
down