Hoppa yfir valmynd
Ministry of Finance and Economic Affairs

Treasury finances January-April 2006

Cash Flow Statement, January–April 2006

Millions of krónur

2002

2003

2004

2005

2006

Revenue

77,246

91,224

91,117

114,301

124,598

Expenditure

80,131

83,693

91,818

103,202

100,458

Current balance

-2,885

7,531

-701

11,099

24,140

Receipts from sale of fixed assets

-

-10,720

-

-

-

Other cash payments / receipts

-2,099

710

908

1,993

207

Cash Flows from operations

-4,984

-2,479

207

13,092

24,347

Financial transactions

2,619

14,900

365

7,518

-2,478

Net financial balance

-2,365

12,421

536

19,356

21,869

Debt redemption

-16,696

-5,642

-25,018

-29,826

-31,685

Domestic

-6,688

-4,932

-3,170

-13,607

-9,179

Foreign

-14,753

-710

-21,848

-16,219

-22,506

Pension fund prepayments

-3,000

-2,500

-2,500

-1,200

-1,320

Gross borrowing requirement

-22,061

4,279

-26,982

-11,670

-11,136

New borrowing

26,343

-550

32,004

13,949

6,456

Domestic

2,190

9,141

11,618

2,169

2,910

Foreign

24,153

-8,591

20,386

11,780

3,545

Overall cash balance

4,281

4,657

5,022

2,279

-4,680

Treasury revenue, January–April 2006

In millions of krónur

Change from previous year in per cent

2004

2005

2006

2004

2005

2006

Total taxes and social contributions

84,209

101,914

117,173

14.4

21.0

15.0

Taxes on income and profit

30,194

35,629

47,734

18.1

18.0

34.0

Personal income tax

20,969

22,963

25,759

12.2

9.5

12.2

Corporate income tax

2,952

3,024

8,076

-

-

-

Other taxes on income and profit

6,273

9,641

13,899

7.5

53.7

44.2

Taxes on property

3,108

5,109

3,621

15.9

64.4

-29.1

Taxes on goods and services

41,579

49,764

53,000

13.0

19.7

6.5

Value added tax

28,529

34,457

35,906

15.0

20.8

4.2

Excise tax on motor vehicles

1,699

2,890

4,112

42.4

70.1

42.3

Excise tax on petrol

2,619

2,760

2,812

18.3

5.4

1.9

Excise on oil

2,081

2,422

2,021

16.0

16.4

-16.6

Tobacco and liquor taxes

3,092

3,238

3,397

-1.1

4.7

4.9

Other taxes on goods and services

3,559

3,997

4,754

-3.0

12.3

18.9

Taxes on international trade and transactions

858

956

886

8.1

11.3

-7.3

Other taxes

156

221

232

975.1

41.5

5.1

Social contributions

8,314

10,236

11,699

7.0

23.1

14.3

Grants

132

186

253

-16.1

40.3

36.2

Other revenue

6,773

12,131

7,153

1.9

79.1

-41.0

Saleof assets

2

70

19

-

-

-

Total revenue

91,117

114,301

124,598

-0.1

25.4

9.0



Treasury expenditure, January–April 2006

In millions of krónur

Change from previous year in per cent

2004

2005

2006

2005

2006

General public services

10,527

23,426

16,235

122.5

-30.7

of which: interest

5,915

11,652

4,068

97.0

-65.1

Health

17,146

26,126

27,925

52.4

6.9

Social security and welfare

15,084

22,289

23,769

47.8

6.6

Economic affairs

8,535

12,460

11,629

46.0

-6.7

Education

7,446

10,496

11,592

41.0

10.4

Culture, sports and religion

3,271

4,422

4,825

35.2

9.1

Law enforcement, justice, security

2,141

2,948

3,380

37.7

14.7

Environmental protection

842

899

955

6.9

6.2

Housing, zoning and utilities

48

135

147

182.3

9.1

Total expenditure

65,039

103,202

100,458

58.7

-2.7



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.



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