Main aggregates of the general government, 1th quarter 2022
General government generated a deficit
General government generated a deficit of EUR 405 million (3.1% of GDP) in the first quarter of 2022. Consolidated general government gross debt amounted to EUR 40,225 million or 75.1% of GDP.
General government expenditure higher than revenue
In the first quarter of 2022, general government generated a deficit of EUR 405 million (3.1% of GDP). The growth of total revenue was 9.6 percentage points higher than the growth of total expenditure.
High growth of tax revenue
Total general government revenue amounted to EUR 5,650 million. Compared to the first quarter of 2021, it increased by EUR 434 million or 8.3%. Revenue from social contributions was higher by EUR 101 million or 4.7%.
Tax revenue increased the most; it was higher by EUR 285 million or 11.7%. Of this, the revenue from taxes on production and imports increased the most, by EUR 253 million or 17.8%.
Total expenditure pushed up by social benefits
Total general government expenditure amounted to EUR 6,055 million, which was EUR 79 million or 1.3% less than in the first quarter the year before. Subsidies decreased by EUR 346 million or 76.7% and compensation of employees by EUR 91 million or 5.5%.
As regards expenditure, this quarter was marked the most by a strong increase in expenditure for social benefits in cash and in kind. It went up by EUR 266 million or 11.3%. Intermediate consumption of general government increased by EUR 64 million or 9.2% and expenditure for gross fixed capital formation by EUR 33 million or 6.4%.
Interest expenditure kept decreasing and was EUR 14 million or 8.1% lower than in the first quarter of 2021.
Increased consolidated general government gross debt
At the end of the first quarter of 2022, consolidated general government gross debt amounted to EUR 40,225 million or 75.1% of GDP. Compared to a year ago, it increased by EUR 1,367 million. Debt in long-term securities increased the most.
General government debt at the central level was estimated at EUR 39,486 million or 73.7% of GDP and at the local level at EUR 943 million or 1.7% of GDP.
Social security funds did not record any debt at the end of the first quarter of 2022.
Tables with the latest data are available in the SiStat Database.
In the first quarter of 2022, general government generated a deficit of EUR 405 million (3.1% of GDP). The growth of total revenue was 9.6 percentage points higher than the growth of total expenditure.
High growth of tax revenue
Total general government revenue amounted to EUR 5,650 million. Compared to the first quarter of 2021, it increased by EUR 434 million or 8.3%. Revenue from social contributions was higher by EUR 101 million or 4.7%.
Tax revenue increased the most; it was higher by EUR 285 million or 11.7%. Of this, the revenue from taxes on production and imports increased the most, by EUR 253 million or 17.8%.
Total expenditure pushed up by social benefits
Total general government expenditure amounted to EUR 6,055 million, which was EUR 79 million or 1.3% less than in the first quarter the year before. Subsidies decreased by EUR 346 million or 76.7% and compensation of employees by EUR 91 million or 5.5%.
As regards expenditure, this quarter was marked the most by a strong increase in expenditure for social benefits in cash and in kind. It went up by EUR 266 million or 11.3%. Intermediate consumption of general government increased by EUR 64 million or 9.2% and expenditure for gross fixed capital formation by EUR 33 million or 6.4%.
Interest expenditure kept decreasing and was EUR 14 million or 8.1% lower than in the first quarter of 2021.
Increased consolidated general government gross debt
At the end of the first quarter of 2022, consolidated general government gross debt amounted to EUR 40,225 million or 75.1% of GDP. Compared to a year ago, it increased by EUR 1,367 million. Debt in long-term securities increased the most.
General government debt at the central level was estimated at EUR 39,486 million or 73.7% of GDP and at the local level at EUR 943 million or 1.7% of GDP.
Social security funds did not record any debt at the end of the first quarter of 2022.
Tables with the latest data are available in the SiStat Database.
Revenue and expenditure qrowth1), Slovenia
1) Changes on the same quarter of the previous year.
Main aggregates of quarterly non-financial accounts for general government, Slovenia
1) Some totals and calculations do not add up due to rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Main aggregates of quarterly non-financial accounts for general government, Slovenia
1) Some totals and calculations do not add up due to rounding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
When making use of the data and information of the Statistical Office of the Republic of Slovenia, always add: "Source: SURS". More: Copyright.
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