Hoppa yfir valmynd
Ministry of Finance and Economic Affairs

Treasury finances January-April 2007

Cash Flow Statement, January – April

Millions of krónur

2003

2004

2005

2006

2007

Revenue

91 224

91 117

114 301

124 598

148 904

Expenditure

83 693

91 818

103 202

100 458

113 852

Current balance

7 531

- 701

11 099

24 140

35 052

Receipts from sale of fixed assets

-10 720

-

-

-

-

Other cash payments / receipts

 710

 908

1 993

 207

1 684

Cash flows from operations

-2 479

 207

13 092

24 347

36 736

Financial transactions

14 900

 365

7 518

-2 478

-31 952

Net financial balance

12 421

 536

19 356

21 869

4 785

Debt redemption

-5 642

-25 018

-29 826

-31 685

-32 024

   Domestic

-4 932

-3 170

-13 607

-9 179

-20 915

   Foreign

- 710

-21 848

-16 219

-22 506

-11 109

Pension fund prepayments

-2 500

-2 500

-1 200

-1 320

-1 320

Gross borrowing requirement

4 279

-26 982

-11 670

-11 136

-28 559

New borrowing

- 550

32 004

13 949

6 456

46 052

   Domestic

9 141

11 618

2 169

2 910

41 661

   Foreign

-8 591

20 386

11 780

3 545

4 391

Overall cash balance

4 657

5 022

2 279

-4 680

17 493



 

Treasury revenue, January – April

 

Millions of krónur

 

Change from previous year in per cent

 

2005

2006

2007

 

2005

2006

2007

Total taxes and social security contributions

101 914

117 173

138 420

 

21.0

15.0

18.1

Taxes on income and profit

35 629

47 734

58 370

 

18.0

34.0

22.3

Personal income tax

22 963

25 759

29 985

 

9.5

12.2

16.4

Corporate income tax

3 024

8 076

7 678

 

2.5

167.0

-4.9

Other taxes on income and profit

9 641

13 899

20 707

 

53.7

44.2

49.0

Taxes on property

5 109

3 621

3 596

 

64.4

-29.1

-0.7

Taxes on goods and services

49 764

53 000

61 601

 

19.7

6.5

16.2

Value added tax

34 457

35 906

44 627

 

20.8

4.2

24.3

Excise tax on motor vehicles

2 890

4 112

2 652

 

70.1

42.3

-35.5

Excise tax on petrol

2 760

2 812

2 855

 

5.4

1.9

1.5

Excise on oil

2 422

2 021

2 310

 

16.4

-16.6

14.3

Tobacco and liquor taxes

3 238

3 397

3 549

 

4.7

4.9

4.5

Other taxes on goods and services

3 997

4 754

5 606

 

12.3

18.9

17.9

Taxes on international trade and transactions

 956

 886

1 431

 

11.3

-7.3

61.4

Other taxes

 221

 232

 324

 

.

5.1

39.5

Social security contributions

10 236

11 699

13 099

 

23.1

14.3

12.0

Grants

 186

 253

 355

 

40.3

36.2

40.4

Other revenue

12 131

7 153

9 560

 

79.1

-41.0

33.7

Sale of assets

 70

 19

 568

 

-

-

-

Total revenue

114 301

124 598

148 904

 

25.4

9.0

19.5



 

Treasury expenditure, January – April

 

Millions of krónur

 

Change from previous year in per cent

 

2005

2006

2007

 

2006

2007

General public services

19 597

13 250

15 218

 

-32.4

14.9

of which: interest

11 652

4 072

4 766

 

-65.1

17.0

Defence

 107

 208

 188

 

94.3

-9.6

Health

3 539

4 247

5 211

 

20.0

22.7

Social security and welfare

8 300

12 072

14 557

 

45.4

20.6

Economic affairs

 757

 895

1 120

 

18.3

25.1

Education

 124

 140

 146

 

12.8

4.7

Culture, sports and religion

25 343

26 858

29 180

 

6.0

8.6

Law enforcement, justice, security

4 546

4 748

5 717

 

4.4

20.4

Environmental protection

10 659

11 826

13 167

 

10.9

11.3

Housing, zoning and utilities

20 691

23 103

26 660

 

11.7

15.4

Irregular expenditure

2 283

3 111

2 687

 

36.3

-13.6

Total expenditure

95 946

100 458

113 852

 

4.7

13.3



 

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.



Tags

Contact us

Tip / Query
Spam
Please answer in numerics