Description Information is provided for the complete sequence of non-financial accounts (transactions and balancing items) for the General Government sector. It consists of the following accounts:
- Production account,
- Primary distribution of income accounts,
- Secondary distribution of income account,
- Use of income account,
- Capital account,
- Change in net worth due to saving and capital transfers account,
- Acquisition of non-financial assets account.
Method Financial data is collected from:
-Financial Information Management Automation System (FIMAS) for Central Government, Extra Budgetary Funds and Social Security Funds,
- Budget execution of Municipalities and Communities,
- Budget execution of Semi-Government Organizations
For the completion of the estimates, any methodological adjustments or corrections based on the European System of Accounts 2010 (ESA 2010) are taken into account.
Data Coverage The quarterly non-financial accounts for General Government cover all the subsectors of the General Government based on the European System of Accounts 2010 (ESA 2010).
Frequency The statistical data for non-financial accounts for General Government are produced on a monthly, quarterly and on an annual basis.
Data Availability The statistical data for quarterly non-financial accounts for General Government are available in electronic form on the Statistical Service website and on the Eurostat website. Statistical time series are available from the first quarter of 1995 until the last quarter that data is available.
Comparability Over Time The data are comparable over time.
Principal Variables The main variables are:
- Output,
- Intermediate consumption,
- Final consumption expenditure,
- Gross fixed capital formation,
- Compensation of employees,
- Taxes on production and imports,
- Subsidies,
- Property income,
- Current taxes on income and wealth,
- Social contributions and benefits,
- Other current transfers,
- Capital transfers,
- Saving,
- Net lending (+) / Net borrowing (-)
Classification Systems Based on the European System of Accounts 2010 (ESA 2010), General Government sector (S.13) is comprised of the following subsectors:
- Central Government (S.1311)
- State Government (S.1312, not applicable for Cyprus),
- Local Government, Municipalities and Communities (S.1313),
- Social Insurance Funds (S.1314)
Legal Framework Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union.