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  Title Government Finance Statistics (ESCB) - GFS

  Data source European Commission (Eurostat) for quarterly GFS; ESCB for monthly government debt securities indicators; OECD for Japan, the United Kingdom and the United States.

  Contact email address Statistical Information Request form
  Dataset last update in SDW 2023-05-19 15:00:00
  Catalog Download the series catalogue of the dataset GFS in CSV format, i.e. full list of series and associated metadata: Excel 2013 (zipped) or the earlier Excel versions.
  Institutional mandate European System of Accounts 2010 (ESA 2010).

  Legal acts and other agreements ECB Guideline on government finance statistics (ECB/2013/23) for annual GFS, ESA 2010 for quarterly GFS. In accordance with the ESA 2010, Regulation (EC) 220/2014 amending Regulation 479/2009 for government debt.

  Data presentation - Summary description Government finance statistics (GFS) provide a comprehensive overview of fiscal developments in the euro area, the European Union, and individual EU Member States. Data for Japan, the United Kingdom and United States are also available, although with less detail.

  Data presentation - Detailed description Annual GFS data are based on the data transmitted at least twice a year to the European Central Bank (ECB) by the national central banks (NCBs) following the data requirement defined in the ECB Guideline ECB/2013/23. Quarterly GFS are based on the data collected by Eurostat and are defined by reference to the European System of Accounts 2010. Monthly government debt securities indicators are compiled from the security-by-security information collected in the ESCB’s Centralised Securities Database (CSDB). This information allows the compilation of the outstanding amounts, issuances, redemptions, average residual maturity, annual growth rates, schedules of maturing debt, and other indicators. Annual and quarterly debt data are consolidated.

GFS data presented in the ECB External Data Portal (EDP) are organized within nine sub-categories:

1) Deficit/surplus
2) Revenue
3) Expenditure
4) Consumption
5) Transactions with EU institutions and bodies
6) Government debt
7) Change in debt
8) Financial accounts
9) Government assistance to the financial sector (discontinued)

Government assistance to the financial sector is also referred to as financial assistance measures (FAM). In the Global financial Crisis these data were used to analyse the economic impact of such government interventions. The collection of this dataset was discontinued in 2022.

More details related to GFS data can be accessed on the government finance website (link).

  Reference area coverage Individual EU Member States, the euro area and EU aggregates, Japan, United Kingdom, and United States.

  Sector coverage General government sector (S13) and the sub-sectors: central government (S1311), state government (S1312), local government (S1313) and social security funds (S1314).

  Time coverage From 1995 for annual GFS; from 1999Q1 for quarterly GFS; and from December 2009 for monthly GFS.

  Time period Monthly, quarterly, and annual.

  Statistical concepts and definitions For information about the naming convention (series key dimensions and metadata), refer to the GFS underlying DSD (NA_SEC) maintained by the ESTAT.
  Statistical unit National currency and EUR.

  Accounting conventions Accrual accounting.

  Valuation Market prices for non-financial and financial transactions and financial positions; face value for government debt and change in government debt.

  Adjustment Not adjusted; quarterly data are available calendar and seasonally adjusted.

  Metadata last update 11/APR/2023 09:59:00

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