Government accounts ( q )

Reserve ratio a ratio defined by the central bank for each category of balance sheet items included in the reserve base .

It was discussed by the working parties on Short Term Public Finance Statistics , on National Accounts and on Financial Accounts .

This concerns quarterly financial and non financial accounts for general government , quarterly government debt and quarterly sector accounts .

2 ) Transactions in other accounts payable ( government liabilities ) and sector reclassifications .

Price stability the maintenance of price stability is the primary objective of the European Central Bank ( ECB ) .

Quick tender the tender procedure used by the Eurosystem for fine tuning operations . Quick tenders are executed within a time frame of one hour and are restricted to a limited set of counterparties .

The Eurosystem uses repurchase agreements with a fixed maturity in its reverse transactions . Repurchase transactions are included in M3 in cases where the seller is a Monetary Financial Institution ( MFI ) and the counterparty is a non MFI resident in the euro area .

Moreover , the development of fiscal balances remained a matter of serious policy concern .

2 ) Transactions in other accounts payable ( government liabilities ) , sector reclassifications and statistical discrepancies .

Article 2 Content of the quarterly non financial accounts for general government The content of the quarterly non financial accounts for general government is defined in the Annex by reference to a list of ESA 95 categories constituting general government expenditure and revenue .

C. Government non financial accounts Annual national accounts ESA 95 Table 8 for S13 and Tables 9 and 11 t 240

The compilation of quarterly non financial accounts for general government will require additional resources in Member States .

The indicators are required at a monthly frequency or , in some cases , at quarterly frequency ( e.g. national accounts including the government sector accounts ) .

Moreover , information on the government accounts within the framework of the national accounts by sector ( Section 3.3 ) is required quarterly and , in more detail , annually .

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on quarterly financial accounts for general government

General government revenue comprises ESA 95 categories recorded under the resource or changes in liabilities in net worth side of the sequence of non financial accounts for general government , with the exception of D. 39 which is recorded under the use side of general government accounts .

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on quarterly non financial accounts for general government

Following a prolonged period of decreasing deficits , fiscal balances deteriorated significantly from 1989 onwards .

General government expenditure comprises ESA 95 categories recorded under the use side , or the changes in assets side or the changes in liabilities and net worth side of the sequence of accounts for general government , with the exception of D. 3 which is recorded under the resource side of general government accounts .

C. Government non financial accounts13 Annual government revenue and expenditure Quarterly government revenue and expenditure Quarterly government accounts Breakdown as published in the euro area statistics of the ECB Monthly Bulletin Simplified breakdown compared to the annual data Breakdown for S13 in line with quarterly national accounts ( including capital accounts ) by sector ( see Section 1B ) t 90 ( revision after t 240 ) t 90 t 90

Financial accounts and government finance statistics The ECB continues to publish annual data on government revenue and expenditure in the euro area .

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The Commission ( Eurostat ) shall assess the quality both of actual data reported by Member States and of the underlying government accounts .

These Recitals refer to the view that Member States have always indicated to compile and disseminate quarterly public financial accounts for the purpose to present a complete set of sectoral accounts for the government and to strengthen the statistical basis of an integrated system of financial accounts , preferably on the European level for monetary and for fiscal policy purposes .

Linking the two Regulations , the Regulation on non financial accounts and the Regulation on financial accounts for the government sector will allow incorporating saving and nonfinancial investment , but also other real variables like the various components of government revenue and expenditure .

Moreover , the adoption of the ECB Guideline on government finance statistics facilitated the integration of government sector statistics into the quarterly euro area accounts by institutional sector .

Regulation of the European Parliament and of the Council on quarterly non financial accounts for general government .

The accounts referred to in subparagraph 1 ( a ) to ( d ) shall not be published in the TARGET2 directory .

In addition , institutions are allowed to deduct a lump sum allowance from their reserve requirement . Reverse transaction an operation whereby the central bank buys or sells assets under a repurchase agreement or conducts credit operations against collateral .

The Governing Council also made refining amendments to the ECB Guidelines on quarterly financial accounts and on government finance statistics .

The proposal concerns the compilation of quarterly financial accounts for general government , including quarterly government outstanding liabilities .

This consistency requirement is required in particular with regard to the non financial quarterly accounts of the general government and the quarterly main aggregates of the total economy .

Quarterly national data of financial accounts ( transactions and balance sheets ) for the government sector make up a large proportion of all financial transactions and financial balance sheets in the euro area and provide important information to support the conduct of monetary policy .

Reserve base the sum of the balance sheet items ( in particular liabilities ) which constitute the basis for calculating the reserve requirement of a credit institution . Reserve ratio a ratio defined by the central bank for each category of balance sheet items included in the reserve base .

Government finance statistics form an important part of the integrated system of sectoral non financial and financial accounts for the euro area .

Proposal for a regulation of the European Parliament and of the Council on quarterly financial accounts for general government ( COM ( 2003 ) 242 ) , pdf 125 kB , da .

The ECB notes that the proposed amendments do not change the current spring and autumn reporting deadlines for government accounts .

By maturity ( 3 bands ) Other general government

NonMFIs Other general government

Other general government

Other general government NonMFIs Other general government

General government Non banks General government

In addition , the statistical treatment of non returned banknotes has been addressed . 5

Accession countries countries with which negotiations for accession to the EU have begun . Negotiations were started with Croatia and Turkey on 3 October 2005 .