Public Finances



Medium-Term Fiscal Statement Table 3.2: Budgetary Forecasts 2011-2015

€ millions
2011
2012
2013
2014
2015
CURRENT BUDGET
Expenditure
Gross Voted Current Expenditure
53,240
51,745
50,400
48,690
47,280
Non-Voted (Central Fund) Expenditure
6,815
9,255
9,785
10,670
11,065
Gross Current Expenditure
60,055
61,000
60,185
59,360
58,345
less Expenditure Receipts and Balances
11,355
11,165
11,240
11,560
11,835
Net Current Expenditure
48,700
49,835
48,945
47,800
46,510
 
Receipts
Tax Revenue
34,450
36,260
38,860
41,465
43,325
Non-Tax Revenue
2,565
2,410
1,630
1,640
1,525
Net Current Revenue
37,015
38,670
40,490
43,105
44,850
 
CURRENT BUDGET BALANCE
-11,685
-11,165
-8,455
-4,695
-1,660
 
CAPITAL BUDGET
Expenditure
Gross Voted Capital
4,640
3,940
3,375
3,255
3,255
Non-Voted Expenditure
11,970
4,350
4,165
4,160
4,175
Gross Capital Expenditure
16,610
8,290
7,540
7,415
7,430
less Capital Receipts
335
345
345
320
320
Net Capital Expenditure
16,275
7,945
7,195
7,095
7,110
 
Capital Resources
2,530
1,795
1,850
1,935
1,795
 
CAPITAL BUDGET BALANCE
-13,745
-6,150
-5,345
-5,160
-5,315
 
 
EXCHEQUER BALANCE
-25,430
-17,315
-13,800
-9,855
-6,975
 
GENERAL GOVERNMENT BALANCE
-15,950
-13,595
-12,400
-8,610
-5,125
% of GDP
-10.3
-8.6
-7.5
-5
-2.9
 
Nominal GDP (rounded to nearest €25m)
155,250
158,875
164,525
171,600
179,400


Source: Department of Finance & Department of Public Expenditure & Reform
Figures rounded to nearest €5 million
Note that rounding can affect totals