Treasury

Treasury finances January-December 2003. Report date: February 6, 2004

2/6/2004

Treasury finances, January-December

(In millions of krónur)

1999

2000

2001

2002

2003

Revenue...............................…………........

194,993

207,561

220,854

233,762

259,783

- Asset sales

-6,360

-88

-1,106

-3,252

-10,177

Expenditure......................…………............

177,964

195,411

221,305

246,810

268,714

Cash from operations..............................

10,667

12,062

-1,557

-16,300

-19,108

Financial transactions..............................

15,764

3,988

-24,157

12,166

30,951

Net financial balance

26,431

16,050

-25,714

-4,133

11,843

Debt redemption

-35,013

-34,544

-22,407

-32,298

-30,702

Domestic

-18,214

-21,010

-7,603

-12,217,

-18,252

Foreign

-16,799

-13,534

-14,804

-20,081

-12,450

Pension fund prepayments

-6,000

-7,000

-12,500

-9,000

-7,500

Gross borrowing requirement

-14,582

-25,494

-60,620

-45,431

-26,359

New borrowing

14,321

25,296

61,445

42,914

24,749

Domestic

-1,373

3,563

3,563

12,361

28,334

Foreign

15,694

21,733

48,695

30,553

-3,584

Overall cash balance

-261

-198

825

-2,518

-1,610

 Treasury finances, January-December

(In millions of krónur)

 

 

Change from previous year in per cent

2001

2002

2003

2000

2001

2002

2003

Total tax revenue.........................

203,252

212,049

230,539

10.9

5.3

4.3

8.7

Taxes on income and profit........

64,215

67,057

75,266

17.2

14.1

4.4

12.2

Personal income tax.................

50,065

52,635

55,847

15.8

16.7

5.1

6.1

Corporate income tax

8,655

6,788

10,083

-1.4

4.8

-21.6

48.5

Other taxes on income and profit

5,495

7,634

9,336

95.7

7.2

38.9

22.3

Social Security taxes...................

20,965

22,431

25,190

11.2

9.8

7.0

12.3

Net wealth taxes..........................

10,703

11,037

8,676

18.1

9.0

3.1

-21.4

Taxes on goods and services

106,752

110,815

120,865

7.2

-1.0

3.8

9.1

Value added tax

69,932

73,645

80,266

9.0

1.3

5.3

9.0

Other indirect taxes

36,820

37,169

40,602

4.1

-5.0

0.9

9.2

Of which:

Excise tax on motor vehicles

 

2,994

2,864

4,422

-12.1

-40.4

-4.3

54.4

Excise tax on petrol,,,,,,,,,,,,

7,427

7,381

7,464

5.6

-1.7

-0.6

1.1

Diesel weight tax,,,,,,,,,,,,,,,,

4,811

4,722

4,957

15.4

5.8

-1.8

5.0

Tobacco and liquor taxes,,,,

8,792

8,827

9,892

6.9

-1.5

0.4

12.1

Other indirect taxes,,,,,,,,,,,,,,

12,796

13,371

13,866

5.3

0.8

4.5

3.7

Other taxes,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

617

709

542

6.0

0

14.9

-23.6

Other revenue,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

17,601

21,713

29,245

-29.0

21.4

23.4

34.7

Total revenue,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

220,853

233,762

259,783

7.0

6.4

5.8

11.1

  

Treasury finances, January- December

(In millions of krónur)

Change from previous year in per cent

2001

2002

2003

2000

2001

2002

2003

Administration,,,,,,,,,,,,,,,,,,,,,,,,,,,

24,119

27,119

27,672

14.9

3.3

12.4

2.0

General administration,,,,,,,,,,,,,

13,244

14,941

15,093

16.6

2.5

12.9

1.0

Justice and law enforcement,,,,,

10,875

12,178

12,579

13.0

4.2

12.0

3.3

Social affairs,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

136,029

154,233

172,132

7.1

15.2

13.4

11.6

Of which: Education and culture…

29,220

32,588

35,314

5.4

19.3

11.5

8.4

Health,,,,,,,,,,,,,,,,,,,,,,,,……

56,453

64,965

71,490

9.1

9.6

15.1

10.0

Social security……,,,,,,,,,,,,

42,125

47,566

55,121

4.3

20.7

12.9

15.9

Economic affairs,,,,,,,,,,,,,,,,,,,,,,,,,

34,342

36,451

40,947

4.4

15.2

6.1

12.3

Of which: Agriculture,,,,,,,,,,,,,……

10,441

11,033

11,605

2.1

19.3

5.7

5.2

Communications,,,,,,,…

15,169

16,078

18,161

9.3

14.2

6.0

13.0

Interest expenditure,,,,,,,,,,,,,,,,,,,

16,817

17,789

14,949

44.4

4.3

5.8

-16.0

Other expenditure,,,,,,,,,,,,,,,,,,,,,

10,006

11,218

13,015

4.9

24.3

12.1

16.0

Total expenditure,,,,,,,,,,,,,,,,,,,,,,,

221,305

246,810

268,714

9.8

13.3

11.5

8.9