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Detailed Government Accounts


Dreaded_Estate

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Sep 5, 2007
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Aidan Kane from NUIG has published a fasacanting set of data from the CSO showing a detailed breakdown of the real level of local and central expenditure and revenues before the figures are netted down for PRSI etc.

http://www.irisheconomy.ie/index.php/2010/10/08/the-csos-detailed-public-finance-data

The headlines figure for me are

- total state expenditure in 2009 was €75bn or 57% of GNP (Probably one of the highest in the OECD)

- total state revenue in 2009 was €52bnbn or just under 40% of GNP.




Also interesting that total receipts has been fairly constant at 40% of GNP since 2005 at 40% of GNP

 

TODevastated

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on the spending side clearly Health, Welfare and Social welfare has gone up from approx 31bn in 2005 to 35bn in 2009

now clearly the increase in SW is explained by the increase in unemployment however have the quality of Health and education gone up since 2005

i don't think so
 

He3

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Thanks D_E.

Social welfare and security stands out - up from 13 bn to 22 bn, rising in fairly even steps over each of the four years from 2005 to 2009.

PS - just see TOD's post: the rise in SW is not in step with the rise in unemployment afaics
 

Cassandra Syndrome

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Excellent stuff Dreaded Estate.

Not to be one to defend the government, but their total expenditure expressed by GNP is a bit unfair as GNP is value added. In 2007 the total output of Ireland was €400 Billion, so seeing that we have had about 20% to 30% contraction since then total output is in the region of €280 to €320 Billion. So €75 Billion of total government expenditure is about 25% of the total economy. Also I think that €75 Billion includes bank capitalisations.

Its still outrageously high though.
 

Cassandra Syndrome

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Another problem is that a lot of the Social Security and Welfare, came out of the Social Insurance Fund, which accrued nicely over the past 20 years as we transfered our PRSI contributions to it. Earlier in the year it went into the red. Now the exchequer has to foot the bill for all Social security needs.

I wonder how it went into the red as when you think about personally how much of your own PRSI contributins would have you used up since you entered the work force?
 

He3

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Child benefit and pension increases
 

Dreaded_Estate

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Excellent stuff Dreaded Estate.

Not to be one to defend the government, but their total expenditure expressed by GNP is a bit unfair as GNP is value added. In 2007 the total output of Ireland was €400 Billion, so seeing that we have had about 20% to 30% contraction since then total output is in the region of €280 to €320 Billion. So €75 Billion of total government expenditure is about 25% of the total economy. Also I think that €75 Billion includes bank capitalisations.

Its still outrageously high though.
Isn't expressing spending as a proportion of GNP/GDP the usual comparison.
 

Cassandra Syndrome

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Isn't expressing spending as a proportion of GNP/GDP the usual comparison.
Depends on the mix. It is reasonable for comparison with other countries. But it depends on how labour intensive their industries are. A purely service and retail economy would have high value added sectors, whereas a capital intensive manufacturing economy would have low value added.
 

He3

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Bump

Mrs O'Rourke was looking for numbers. Here are some numbers.
 

absconded

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Jan 31, 2009
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How long before public debt surpasses spending on education. Smart Economy my foot!
 
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