Economic statistics - 01.11.1993, Page 21

VIII. Treasury Finances
Table 1. Summary of Treasury Transactions
(Millions ofkrónur)
Cash balance
Balance with
Net borrowing requirement banking system
Accrual Revenue balance Net iong term Misc. Net Net shortterm borrowing bor- Cash bal- With Central Cash and
basis Revenue Exp. Balance lending’1 accts.11 requirem. 2)rowing ance Bank depos.
1979 2480 2491 -11 -11 4 18 41 23 22 1
1980 3929 3790 139 -8 -152 21 83 62 45 17
1981 6304 6129 175 -56 -113 -6 179 185 164 21
1982 10328 9479 850 -532 -804 486 652 166 124 42
1983 16282 17717 -1435 -376 -863 2674 1484 -1190 -1258 68
1984 22088 20474 1614 -725 -1134 245 797 552 530 22
1985 28746 30617 -1871 -217 -1977 4065 1644 -2421 -2479 58
1986 40177 46374 -6197 -288 2089 4396 7133 2737 2847 -111
1987 52324 53582 -1258 346 -4433 5345 4874 —472 -503 32
1988 71287 73415 -2128 -792 -6016 8936 5122 -3814 -4188 374
1989 81905 92253 -10348 2888 197 7263 10803 3540 3784 -244
1990 94737 106024 -11287 740 -4499 15046 19160 4114 3280 835
1991 105979 119429 -13450 -2308 -6211 21969 17093 -4876 -5113 237
199231 103447 110607 -7160 -2105 2090 7175 10210 3035 3033 2
Cash basis: 1993: January 6105 7962 -1857 300 -556 2113 988 -1125 -1264 139
Jan.-February 16123 18144 -2021 -202 -1395 3618 3559 -59 —473 414
Jan.-March 23042 27632 —4590 -214 -1327 6131 6772 641 239 402
Jan.-April 32436 35921 -3485 —463 -1282 5230 5082 -148 -574 426
Jan.-May 38428 45225 -6797 -205 -1796 8798 9308 510 93 417
Jan.-June 50663 54297 -3634 -446 -1938 6018 8058 2040 1750 290
Jan.-July 52314 64615 -12301 -688 -1778 14767 9943 —4824 -4783 -41
Jan.-August 64903 73994 -9091 -798 -1919 11808 12200 392 -56 448
Jan.-Sept. 71710 83311 -11601 -692 -2046 14339 15674 1335 881 454
Jan.-October 84162 91675 -7513 -720 -2341 10574 12648 2075 1827 248
11 Plus sign indicates net amortization. 21 Financial balance. The definition of the financial balance has been changed as of the Feb. '91
issue so as to include short term lending and financial needs. 3> Preliminary, on cash basis.
Source: State Accounting Office.
Table 2. Treasury Revenue by Category
(Millions ofkrónur)
Directtaxes Indirecttaxes
Accrual basis Income, netwealth Other Total Sales tax /VAT2> Alcohol, tobacco Excise tax Import duties Other Total Other revenue Total revenue
1979 410 52 462 774 173 156 455 408 1966 52 2480
1980 571 78 649 1368 262 280 636 633 3179 101 3929
1981 941 42 983 2247 407 457 1117 975 5203 118 6304
1982 1728 71 1800 3604 579 784 1612 1651 8230 299 10328
1983 2500 114 2614 5954 724 1232 2359 2599 12868 800 16282
1984 3046 184 3230 8192 1203 1389 3298 3664 17746 1112 22088
1985 3453 245 3698 11271 1922 1698 3835 4920 23646 1403 28746
1986 5860 393 6253 15050 2428 2136 4399 6447 30460 3463 40176
1987 5846 534 6380 20517 3200 2821 5797 9682 42017 3926 52323
1988 13342 13342 30722 4275 996 5315 11964 53272 4673 71287
1989 12588 12588 34570 5370 2619 6615 13307 62481 6836 81905
1990 18634 335 18969 38344 5920 2360 7822 14208 68654 7114 94737
1991 20616 377 20993 41362 6487 2422 9503 17007 76781 8205 105979
19921> 19944 406 20350 39944 6435 2386 9736 16919 75420 7677 103447
" Preliminary, on cash basis. 21 Value added tax substitutes the former sales tax since Jan. 1 st. 1990.
Source: State Accounting Office.
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