Treasury finances January-November 2008
Cash Flow Statement in January–November 2004–2008
| Millions of krónur | |||||
|---|---|---|---|---|---|
| 2004 | 2005 | 2006 | 2007 | 2008 | |
| Revenue |
247 748 |
360 791 |
338 507 |
389 404 |
392 733 |
| Expenditure |
256 960 |
279 860 |
284 909 |
328 012 |
392 519 |
| Current balance |
-9 213 |
80 931 |
53 598 |
61 391 |
214 |
| Receipts from sale of fixed assets. |
- |
-58 088 |
- 384 |
- 33 |
- 40 |
| Other cash payments / receipts |
1 036 |
-1 382 |
-1 182 |
-7 809 |
7 128 |
| Cash flows from operations |
-8 177 |
21 461 |
52 031 |
53 550 |
7 302 |
| Financial transactions |
17 734 |
48 960 |
-2 138 |
-67 660 |
-37 286 |
| Net financial balance |
9 557 |
70 420 |
49 893 |
-11 484 |
-29 984 |
| Debt re- demption |
-32 321 |
-61 597 |
-44 583 |
-33 828 |
-45 490 |
| Domestic |
-7 138 |
-14 089 |
-21 710 |
-22 496 |
-30 019 |
| Foreign |
-25 183 |
-47 508 |
-22 873 |
-11 332 |
-15 471 |
| Pension fund prepayments |
-6 875 |
-5 132 |
-3 650 |
-3 650 |
-3 650 |
| Gross borrow- ing requirement |
-29 639 |
3 691 |
1 660 |
-48 961 |
-79 124 |
| New borrowing |
27 567 |
7 734 |
21 587 |
63 392 |
145 286 |
| Domestic |
11 440 |
7 734 |
21 345 |
63 207 |
101 712 |
| Foreign |
16 127 |
- |
242 |
185 |
43 574 |
| Overall cash balance |
-2 072 |
11 425 |
23 248 |
14 430 |
66 162 |
Treasury revenue in January– November 2006–2008
|
Millions of krónur |
Change from previous year (%) |
|||||
|---|---|---|---|---|---|---|
|
2006 |
2007 |
2008 |
2006 |
2007 |
2008 |
|
| Total taxes and social security contributions |
315 415 |
353 502 |
354 181 |
12.9 |
12.1 |
0.2 |
| Taxes on income and profit |
107 233 |
124 371 |
133 806 |
20.1 |
16.0 |
7.6 |
| Personal income tax |
69 602 |
76 003 |
79 592 |
13.0 |
9.2 |
4.7 |
| Corporate income tax |
22 730 |
25 016 |
22 699 |
89.8 |
10.1 |
-9.3 |
| Other taxes on income and profit |
14 900 |
23 352 |
31 516 |
-5.3 |
56.7 |
35.0 |
| Taxes on property |
8 256 |
10 525 |
7 164 |
-42.6 |
27.5 |
-31.9 |
| Taxes on goods and services |
160 341 |
174 962 |
166 617 |
12.9 |
9.1 |
-4.8 |
| Value added tax |
111 166 |
123 046 |
117 634 |
14.9 |
10.7 |
-4.4 |
| Excise tax on motor vehicles |
9 523 |
9 833 |
7 265 |
1.5 |
3.3 |
-26.1 |
| Excise tax on petrol |
8 486 |
8 576 |
8 157 |
2.7 |
1.1 |
-4.9 |
| Excise on oil |
6 070 |
6 723 |
6 774 |
52.0 |
10.8 |
0.8 |
| Tobacco and liquor taxes |
10 245 |
10 745 |
10 892 |
4.7 |
4.9 |
1.4 |
| Other taxes on goods and services |
14 852 |
16 040 |
15 894 |
7.4 |
8.0 |
-0.9 |
| Taxes on international trade and transactions |
4 131 |
5 233 |
5 462 |
34.4 |
26.7 |
4.4 |
| Other taxes |
1 643 |
2 763 |
3 518 |
10.3 |
68.2 |
27.3 |
| Social security contributions |
33 811 |
35 649 |
37 614 |
16.1 |
5.4 |
5.5 |
| Grants |
1 347 |
1 008 |
348 |
277.1 |
-25.1 |
-65.5 |
| Other revenue |
20 793 |
27 936 |
35 416 |
-9.4 |
34.4 |
26.8 |
| Sale of assets |
952 |
6 957 |
2 787 |
- |
- |
- |
|
338 |
389 |
392 |
- |
- |
- |
|
| Total revenue |
507 |
404 |
733 |
-6.2 |
15.0 |
0.9 |
Treasury expenditure in January– November 2006–2008
|
Millions of krónur |
Change from previous year, % |
||||
|---|---|---|---|---|---|
|
2006 |
2007 |
2008 |
2007 |
2008 |
|
| General public services |
34 235 |
41 349 |
50 443 |
20.8 |
22.0 |
| of which: interest |
9 018 |
12 300 |
14 137 |
36.4 |
14.9 |
| Defence |
549 |
842 |
991 |
53.4 |
17.7 |
| Law enforcement, justice, security |
12 478 |
14 473 |
17 733 |
16.0 |
22.5 |
| Economic affairs |
39 568 |
46 869 |
60 094 |
18.5 |
28.2 |
| Environmental protection |
3 038 |
3 550 |
4 025 |
16.9 |
13.4 |
| Housing, zoning and utilities |
364 |
401 |
488 |
10.3 |
21.7 |
| Health |
76 800 |
85 439 |
97 600 |
11.2 |
14.2 |
| Culture, sports and religion |
12 574 |
14 171 |
15 359 |
12.7 |
8.4 |
| Education |
31 267 |
34 930 |
39 014 |
11.7 |
11.7 |
| Social security and welfare |
66 351 |
78 178 |
98 229 |
17.8 |
25.6 |
| Irregular expenditure |
6 102 |
7 809 |
8 544 |
28.0 |
9.4 |
| Total expenditure |
283 325 |
328 012 |
392 519 |
15.8 |
19.7 |
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.