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Maastricht Supplementary Data Tables, Q4 2013 This product is designated as National Statistics

Released: 22 April 2014 Download PDF

Abstract

The Office for National Statistics (ONS) is required to provide the European statistical agency (Eurostat) with detailed statistical information on government finance statistics, with particular focus on debt and deficit. This document describes the contents of the government finance statistics tables supplied to Eurostat, and is intended as a guide to users of the data.

Introduction

The Office for National Statistics (ONS) is required to provide the European statistical agency (Eurostat) with detailed statistical information on government finance statistics, with particular focus on deficit and debt.

The tables in this release are copies of the data supplied to Eurostat in March 2014 and they are reproduced here in the format required by Eurostat.

Each section of this document provides information on what is contained in the data table to which the section relates. As an overall guide:

UK General Government debt data can be found in:  

  • EDP main tables: Annual aggregates of government deficit and debt in calendar and financial years;

  • ESA Table 28: Quarterly Government Debt.

UK General Government deficit (or net borrowing) data can be found in:

  • EDP main tables: Annual aggregates of government deficit and debt in calendar and financial years;

  • ESA Table 2  : Annual Aggregates;

  • ESA Table 25: Quarterly Non-Financial Accounts;

  • ESA Table 27: Quarterly Financial Accounts.

  • ESA Table 11: Annual Expenditure of General Government by function.

In all tables the Eurostat convention for recording missing values is used. This convention uses “M” when something is not applicable or the requested data does not exist, and “L” when the requested data is not available or the data exists but has not been collected/recorded.

Excessive Deficit Procedure (EDP) Calendar Year and Financial Year Main Tables

The EDP Financial Year (337.5 Kb Excel sheet)   and Calendar Year (337 Kb Excel sheet) Main Tables report on UK Government Deficit and Debt Levels.

The definitions of deficit and debt are those defined by the Maastricht Treaty Annex and the EU Stability and Growth Pact. These state that;

  • Government deficit is general government net borrowing (calculated as current expenditure plus net investment minus current revenue).

  • Government debt is general government gross consolidated debt at nominal value.

Coverage:                       UK General Government, ie. all of UK central and local government

Periodicity:                      Annual (either calendar or financial years)

Time Series:                    2009 to 2013 or 2009/10 to 2012/13

Valuation:                       Current prices with debt at nominal value

Publication Schedule:       Twice a year in April and October

Periodicity:                      Annual (either calendar or financial years)

Associated publications:    Government deficit and debt Return, March 2014, Public Sector Finances, March 2014

Sub-component Tables:

  • EDP Table 1 reports government deficit/surplus by government sector and debt levels by financial liability category.

  • EDP Tables 2A to 2D show the adjustments that must be made to transform the working balances for each government sub-sector (i.e. net borrowing as published in the Public   Sector Finances statistical bulletin) into the deficit as defined under the Maastricht Treaty.

  • EDP Tables 3A to 3E show how the deficit for the consolidated general government and each sub-sector reconciles with the change in government gross debt.

  • EDP Table 4 contains further memoranda data items requested by Eurostat.  

European System of Accounts (ESA) Table 2 Main Aggregates of General Government

ESA Table 2 (2.57 Mb Excel sheet) reports on annual UK General Government Expenditure and Revenue.

Coverage:            UK General Government, that is UK Central Government and Local Government

Periodicity:           Annual (calendar years)

Time Series:         1990 to 2013

Valuation:             Current prices

Publication Schedule:   Four times a year in January, April, July and October

Associated publications:  Government deficit and debt Return, March 2014, Public Sector Finances, March 2014

ESA table 2 is a complete set of annual non-financial accounts of the general government sector, compiled according to ESA95. Table 2 provides a breakdown of general government expenditure (both current and capital) and general government revenue. The table uses ESA95 codes to identify the different transactions with “OTE” representing the total general government expenditure and “OTR” representing the total general government revenue. The table also shows the general government net borrowing (B.9) which is the difference between total revenue and total expenditure. The data is an annual presentation of the quarterly general government data in ESA table 2.

European System of Accounts (ESA) Table 25 Quarterly Non-Financial Accounts of General Government

ESA Table 25 (107.5 Kb Excel sheet) reports on quarterly UK General Government Expenditure and Revenue.

Coverage:        UK General Government, that is UK Central Government and Local Government

Periodicity:        Quarterly

Time Series:     1987Q1 to 2013Q4

Valuation:         Current prices

Publication Schedule:  Four times a year in January, April, July and October

Associated publications:  Government deficit and debt Return, March 2014, Public Sector Finances, March 2014

ESA table 25 is a complete set of quarterly non-financial accounts of the general government sector, compiled according to ESA95. Table 2501 provides a breakdown of general government expenditure (both current and capital) and Table 2502 provides a similar breakdown for general government revenue. Table 2502 also shows the general government net borrowing (B.9) which is the difference between total revenue and total expenditure. The data is a quarterly presentation of the annual general government data in ESA table 2.

European System of Accounts (ESA) Table 27 Quarterly Financial Accounts of General Government

ESA Table 27 (898.5 Kb Excel sheet) reports on UK Government financial transactions and levels.

Coverage:        UK General Government, that is UK Central Government and Local Government

Periodicity:       Quarterly

Time Series:     1987Q1 to 2013Q4

Valuation:         Current prices

Publication Schedule:      Four times a year in January, April, July and October

Associated publications:  Government deficit and debt Return, March 2014, Public Sector Finances, March 2014

ESA table 27 (also known as QFAGG - quarterly financial accounts of general government) is a complete set of quarterly financial accounts of the general government sector and its sub-sectors, compiled according to ESA95. The table deals with both financial transactions and the financial balance sheets. Data are consolidated within each sub-sector and are available both consolidated and unconsolidated at the General Government level.

European System of Accounts (ESA) Table 28 Quarterly Government Debt (Maastricht Debt) for General Government

ESA Table 28 (189 Kb Excel sheet) reports on UK Government Debt Levels.

The definition of debt is that defined by the Maastricht Treaty Annex and the EU Stability and Growth Pact. These state that; Government debt is general government gross consolidated debt at nominal value.

Coverage:        UK General Government, that is UK Central Government and Local Government

Periodicity:       Quarterly

Time Series:     2000Q1 to 2013Q4

Valuation:         Current prices with debt at nominal value

Publication Schedule:  Four times a year in January, April, July, and October

Associated publications:  Government deficit and debt Return, March 2014, Public Sector Finances, March 2014

ESA table 28 shows government debt on a quarterly basis, for general government and its sub-sectors, compiled according to ESA95.  The table provides a breakdown of all debt instruments that are relevant in the EDP reporting of ‘Maastricht Debt’. These instruments are categorised under ESA95 as F.2 (cash and deposits), F.33 (securities other than shares, excluding financial derivatives) and F.4 (loans). Data are consolidated within each sub-sector and at the general government level; that is any debt liabilities of government which are held as assets by another part of government are removed.

European System of Accounts (ESA) Table 11 Annual Expenditure of General Government by Function

ESA Table(s) 11 reports on annual UK Government Expenditure by Function. Three tables are produced: Central Government (872 Kb Excel sheet) only, Local Government (1.04 Mb Excel sheet) only, and General Government (890 Kb Excel sheet) as a whole, that is, consolidated for central and local government. 

The data are broken down by function using the Classification Of Functions Of Government (COFOG). This classification system was developed by the OECD and adopted as standard in National Accounts. Notes explaining the COFOG codes can be found on the UNStats website.

Coverage:   UK General Government, but with separate tables for Central Government and for Local Government

Periodicity:       Calendar year

Time Series:     1996 to 2012

Valuation:         Current prices

Publication Schedule:        Once a year in April

Associated publications:    None

Background notes

  1. Where quoted figures for the calendar year 2014 and financial year 2013/14 are forecast data by the Office for Budget Responsibility.
  2. Details of the policy governing the release of new data are available by visiting www.statisticsauthority.gov.uk/assessment/code-of-practice/index.html or from the Media Relations Office email: media.relations@ons.gsi.gov.uk

    These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Supporting information

Glossary

Debt
The definition of debt under the Maastricht Treaty is different to that used in the Public Sector Finances statistical bulletin. The net debt measure reported in the Public Sector Finances bulletin (and used by the UK Government for budget and forecast purposes) is calculated as the total stock of financial liabilities minus liquid assets. By contrast, the Maastricht debt is a gross debt measure which is calculated as the stock of financial liabilities. The other major difference in the two debt measures is that the Maastricht debt is limited to general government whereas in the public sector finances the principal debt measure is that for the public sector.

Get all the tables for this publication in the data section of this publication .
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