GUIDELINE (EU) 2025/603 OF THE EUROPEAN CENTRAL BANK
of 7 March 2025
on government finance statistics
(ECB/2025/9)
(recast)
Article 1
Subject matter and scope
Article 2
Definitions
Article 3
Statistical information to be reported by the NCBs
Article 4
Timeliness
Article 5
Revisions
Article 6
Database on GFS
Article 7
Cooperation with the competent authorities other than NCBs
Article 8
Transmission
Article 9
Quality
Article 10
Publication
Article 11
Simplified amendment procedure
Article 12
Repeal
Article 13
Taking effect and implementation
Article 14
Addressees
ANNEX I
REPORTING REQUIREMENTS
Revenue, expenditure and deficit/surplus statistics
Category |
Number and linear relation |
Reporting derogation |
Deficit (–) or surplus (+) |
1 = 6 – 21 1 = 2 + 3 + 4 + 5 |
x |
Central government |
2 |
x |
State government |
3 |
x |
Local government |
4 |
x |
Social security funds |
5 |
x |
Total revenue |
6 = 7 + 19 |
x |
Total current revenue |
7 = 8 + 9 + 13 + 16 + 17 |
x |
Current taxes on income, wealth, etc. |
8 |
x |
Taxes on production and imports |
9 |
x |
Taxes on products |
10 |
x |
of which: value added tax (VAT) |
11 |
x |
Other taxes on production |
12 |
x |
Net social contributions |
13 |
x |
of which: employers’ actual social contributions |
14 |
x |
of which: households’ actual social contributions |
15 |
x |
Sales |
16 |
x |
Other current revenue |
17 |
x |
of which: interest receivable |
18 |
x |
Total capital revenue |
19 |
x |
of which: capital taxes |
20 |
x |
Total expenditure |
21 = 22 + 31 |
x |
Total current expenditure |
22 = 23 + 24 + 26 + 27 + 28 + 29 + 30 |
x |
Intermediate consumption |
23 |
x |
Compensation of employees |
24 |
x |
of which: wages and salaries |
25 |
|
Interest payable |
26 |
x |
Subsidies payable |
27 |
x |
Social benefits other than social transfers in kind |
28 |
x |
Social transfers in kind – purchased market production |
29 |
x |
Other current expenditure |
30 |
x |
Total capital expenditure |
31 = 32 + 33 + 34 |
x |
Gross fixed capital formation |
32 |
x |
Other net acquisitions of non-financial assets and changes in inventories |
33 |
x |
Capital transfers payable |
34 |
x |
Memorandum items: |
|
|
Capital transfers representing taxes and social contributions assessed but unlikely to be collected |
35 |
x |
Category |
Number and linear relation |
Revenue of the European Union (EU) budget from the Member State |
1 = 2 + 3 + 7 |
Current international cooperation |
2 |
EU own resources and miscellaneous contributions |
3 |
of which: Custom and agricultural duties |
4 |
of which: VAT-based own resource |
5 |
of which: gross national income-based own resource |
6 |
Capital transfers |
7 |
Expenditure of the EU budget in the Member State |
8 = 9 + 10 + 11 + 12 + 13 + 14 |
Subsidies |
9 |
Current transfers to government |
10 |
Current transfers to non-government units |
11 |
Capital transfers to government |
12 |
Capital transfers to non-government units |
13 |
Own resources collection costs |
14 |
Balance of Member State vis-à-vis the EU budget (net receiver +, net payer –) |
15 = 8 – 1 |
Contributions to the Single Resolution Board (SRB) / Single Resolution Fund (SRF) |
16 |
Capital transfers from SRB/SRF |
17 |
of which: to financial entities in general government |
18 |
Category |
Number and linear relation |
Reporting derogation |
Final consumption expenditure |
1 = 2 + 3 1 = [1A.23] + [1A.24] + [1A.29] + 4 + 5 + 6 – [1A.16] |
x |
Individual consumption expenditure |
2 |
x |
Collective consumption expenditure |
3 |
x |
Consumption of fixed capital |
4 |
x |
Taxes on production paid minus subsidies received |
5 |
x |
Net operating surplus |
6 |
x |
Memorandum items: |
|
|
Final consumption expenditure at prices of the previous year |
7 |
|
Gross fixed capital formation at prices of the previous year |
8 |
|
Gross domestic product (GDP) at current prices |
9 |
x |
GDP at prices of the previous year |
10 |
|
Current taxes on income, wealth, etc. paid by corporations to government and rest of the world |
11 |
|
Current taxes on income, wealth, etc. paid by households and non-profit institutions serving households (NPISHs) to government and rest of the world |
12 |
|
Deficit-debt adjustment statistics
Category |
Number and linear relation |
Adjustment between financial and non-financial accounts |
1 = [1A.1] – 2 |
Net financial transactions (consolidated) |
2 = 3 – 17 |
Financial assets (consolidated) |
3 = 4 + 5 + 6 + 7 + 8 + 9 + 13 + 14 + 15 |
Monetary gold and special drawing rights (SDRs) |
4 |
Currency and deposits |
5 |
Debt securities |
6 |
Short-term loans |
7 |
Long-term loans |
8 |
Equity and investment fund shares or units |
9 |
Privatisations (net) |
10 |
Equity injections (net) |
11 |
Other |
12 |
Insurance, pension and standardised guarantee schemes |
13 |
Financial derivatives and employee stock options |
14 |
Other accounts receivable |
15 |
of which: taxes and social contributions |
16 |
Liabilities (consolidated) |
17 = 18 + 19 + 20 + 21 + 22 + 23 + 24 + 25 + 26 + 27 |
Monetary gold and SDRs |
18 |
Currency and deposits |
19 |
Short-term debt securities |
20 |
Long-term debt securities |
21 |
Short-term loans |
22 |
Long-term loans |
23 |
Equity and investment fund shares or units |
24 |
Insurance, pension and standardised guarantee schemes |
25 |
Financial derivatives and employee stock options |
26 |
Other accounts payable |
27 |
General government borrowing requirement |
28 = 19 + 20 + 21 + 22 + 23 28 = 30 + 31 + 32 28 = 1 – [1A.1] + 3 – 18 – 24 – 25 – 26 – 27 |
of which: long-term |
29 |
Denominated in national currency |
30 |
Denominated in currencies of euro area Member States |
31 |
Denominated in other currencies |
32 |
Other flows in government debt |
33 = 34 + 37 |
Revaluation effects |
34 = 35 + 36 |
Appreciation and depreciation of foreign- currency debt |
35 |
Other revaluation effects (differences compared to face value) |
36 = 38 – 28 – 35 – 37 |
Other changes in volume |
37 |
Change in government debt |
38 = 28 + 33 38 = 1 – [1A.1] + 3 – 18 – 24 – 25 – 26 – 27 + 33 38 = [3A.1][T] – [3A.1][T – 1] |
Memorandum items: |
|
Net incurrence of loans granted by central bank |
39 |
Government debt statistics
Category |
Number and linear relation |
Government debt (consolidated) |
1 = 2 + 3 + 4 + 5 + 6 1 = 7 + 12 1 = 13 + 14 + 15 1 = 16 + 17 1 = 19 + 20 + 22 |
Currency and deposits |
2 |
Short-term debt securities |
3 |
Long-term debt securities |
4 |
Short-term loans |
5 |
Long-term loans |
6 |
Held by residents of the Member State |
7 = 8 + 9 + 10 + 11 |
Central bank |
8 |
Other monetary financial institutions |
9 |
Other financial institutions |
10 |
Other residents |
11 |
Held by non-residents of the Member State |
12 |
Denominated in national currency |
13 |
Denominated in currencies of euro area Member States |
14 |
Denominated in other currencies |
15 |
Short-term debt |
16 |
Long-term debt |
17 |
of which: variable interest rate |
18 |
Residual maturity up to one year |
19 |
Residual maturity over one and up to five years |
20 |
of which: variable interest rate |
21 |
Residual maturity over five years |
22 |
of which: variable interest rate |
23 |
Memorandum items: |
|
Average residual maturity of debt |
24 |
Government debt – zero-coupon bonds |
25 |
Government debt – loans granted by central bank |
26 |
Category |
Number and linear relation |
Government debt (non-consolidated between sub-sectors) |
1 = 7 + 11 + 15 + 19 |
Consolidating elements |
2 = 3 + 4 + 5 + 6 2 = 8 + 9 + 10 + 12 + 13 + 14 + 16 + 17 + 18 + 20 + 21 + 22 |
Currency and deposits |
3 |
Short-term securities |
4 |
Long-term securities |
5 |
Loans |
6 |
Issued by central government (consolidated) |
7 |
held by state government |
8 |
held by local government |
9 |
held by social security funds |
10 |
Issued by state government (consolidated) |
11 |
held by central government |
12 |
held by local government |
13 |
held by social security funds |
14 |
Issued by local government (consolidated) |
15 |
held by central government |
16 |
held by state government |
17 |
held by social security funds |
18 |
Issued by social security funds (consolidated) |
19 |
held by central government |
20 |
held by state government |
21 |
held by local government |
22 |
ANNEX II
METHODOLOGICAL DEFINITIONS
1.
Definition of sectors and subsectors
Sectors and subsectors in the ESA 2010 |
|
Total economy |
S.1 |
Non-financial corporations |
S.11 |
Financial corporations |
S.12 |
Central bank |
S.121 |
Deposit-taking corporations, except the central bank |
S.122 |
Money market funds |
S.123 |
Non-MMF investment funds |
S.124 |
Other financial intermediaries, except insurance corporations and pension funds |
S.125 |
Financial auxiliaries |
S.126 |
Captive financial institutions and money lenders |
S.127 |
Insurance corporations |
S.128 |
Pension funds |
S.129 |
Monetary financial institutions |
S.121 + S.122 + S.123 |
General government |
S.13 |
Central government (excluding social security funds) |
S.1311 |
State government (excluding social security funds) |
S.1312 |
Local government (excluding social security funds) |
S.1313 |
Social security funds |
S.1314 |
Households |
S.14 |
Non-profit institutions serving households |
S.15 |
Rest of the world |
S.2 |
Member States and institutions and bodies of the European Union (EU) |
S.21 |
Member States of the EU |
S.211 |
Institutions and bodies of the EU |
S.212 |
The European Central Bank (ECB) |
S.2121 |
European institutions and bodies, except the ECB |
S.2122 |
Non-member countries and international organisations non-resident in the EU |
S.22 |
2.
Definitions of the categories
(1) (2)
Table 1A
Table 1B
Table 1C
Table 2A
Table 3A
Table 3B
ANNEX III
STATISTICAL INFORMATION TRANSMITTED BY EUROSTAT
(1)
Revenue, expenditure and deficit/surplus statistics
Category |
Number and linear relation |
Deficit (–) or surplus (+) |
1 = 6 – 21 1 = 2 + 3 + 4 + 5 |
Central government |
2 |
State government |
3 |
Local government |
4 |
Social security funds |
5 |
Total revenue |
6 = 7 + 19 |
Total current revenue |
7 = 8 + 9 + 13 + 16 + 17 |
Current taxes on income, wealth, etc. |
8 |
Taxes on production and imports |
9 |
Taxes on products |
10 |
of which: value added tax (VAT) |
11 |
Other taxes on production |
12 |
Net social contributions |
13 |
of which: employers’ actual social contributions |
14 |
of which: households’ actual social contributions |
15 |
Sales |
16 |
Other current revenue |
17 |
of which: interest receivable |
18 |
Total capital revenue |
19 |
of which: capital taxes |
20 |
Total expenditure |
21 = 22 + 31 |
Total current expenditure |
22 = 23 + 24 + 26 + 27 + 28 + 29 + 30 |
Intermediate consumption |
23 |
Compensation of employees |
24 |
Interest payable |
26 |
Subsidies payable |
27 |
Social benefits other than social transfers in kind |
28 |
Social transfers in kind – purchased market production |
29 |
Other current expenditure |
30 |
Total capital expenditure |
31 = 32 + 33 + 34 |
Gross fixed capital formation |
32 |
Other net acquisitions of non-financial assets and changes in inventories |
33 |
Capital transfers payable |
34 |
Memorandum items: |
|
Capital transfers representing taxes and social contributions assessed but unlikely to be collected |
35 |
Category |
Number and linear relation |
Final consumption expenditure |
1 = 2 + 3 1 = [1A.23] + [1A.24] + [1A.29] + 4 + 5 + 6 – [1A.16] |
Individual consumption expenditure |
2 |
Collective consumption expenditure |
3 |
Consumption of fixed capital |
4 |
Taxes on production paid minus subsidies received |
5 |
Net operating surplus |
6 |
Memorandum items: |
|
Gross domestic product (GDP) at current prices |
9 |
ANNEX IV
REPEALED GUIDELINE WITH LIST OF THE SUCCESSIVE AMENDMENTS THERETO
(referred to in Article 12)
Guideline of the European Central Bank of 25 July 2013 on government finance statistics (ECB/2013/23) |
|
Guideline of the European Central Bank of 3 June 2014 amending Guideline ECB/2013/23 on government finance statistics (ECB/2014/21) |
Annexes I and II replaced |
Guideline (EU) 2018/861 of the European Central Bank of 24 April 2018 amending Guideline ECB/2013/23 on government finance statistics (ECB/2018/13) |
Annexes I and II replaced |
Guideline (EU) 2020/1552 of the European Central Bank of 14 October 2020 amending Guideline ECB/2013/23 on government finance statistics (ECB/2020/50) |
Article 7, paragraphs 2 and 3, replaced; Article 7, paragraph 4, added. |
ANNEX V
CORRELATION TABLE
Guideline ECB/2013/23 |
This Guideline |
— Article 1 Article 2 |
Article 1 Article 2 Article 3 |
Article 3 Article 4 — — Article 5 Article 6 Article 7 — Article 8 |
— Article 4 Article 5 Article 6 Article 7 Article 8 Article 9 Article 10 Article 11 |
Article 9 |
Article 12 |
Article 10 — — Annexes I-II Annex III — — Annex IV |
— Article 13 Article 14 Annexes I-II — Annex III Annex IV Annex V |