Treasury finances January-July 2006
Cash Flow Statement, January – July 2006
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Treasury revenue, January – July 2006
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In millions of krónur |
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Change from previous year in per cent |
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2004 |
2005 |
2006 |
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2004 |
2005 |
2006 |
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Total taxes and social security contributions |
140 246 |
166 490 |
202 398 |
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12.6 |
18.7 |
21.6 |
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Taxes on income and profit |
45 406 |
52 322 |
73 074 |
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11.3 |
15.2 |
39.7 |
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Personal income tax |
33 286 |
37 096 |
44 648 |
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2.5 |
11.4 |
20.4 |
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Corporate income tax |
5 783 |
5 459 |
14 426 |
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129.0 |
-5.6 |
164.3 |
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Other taxes on income and profit |
6 337 |
9 768 |
14 001 |
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9.9 |
54.1 |
43.3 |
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Taxes on property |
5 501 |
8 240 |
5 806 |
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17.6 |
49.8 |
-29.5 |
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Taxes on goods and services |
71 669 |
85 557 |
99 534 |
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13.1 |
19.4 |
16.3 |
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Value added tax |
47 764 |
58 491 |
68 842 |
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14.0 |
22.5 |
17.7 |
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Excise tax on motor vehicles |
3 519 |
6 211 |
6 951 |
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35.3 |
76.5 |
11.9 |
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Excise tax on petrol |
4 744 |
4 985 |
5 151 |
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13.2 |
5.1 |
3.3 |
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Excise on oil |
3 242 |
2 740 |
3 458 |
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17.5 |
-15.5 |
26.2 |
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Tobacco and liquor taxes |
5 805 |
6 174 |
6 383 |
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2.6 |
6.4 |
3.4 |
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Other taxes on goods and services |
6 594 |
6 956 |
8 750 |
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5.6 |
5.5 |
25.8 |
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Taxes on international trade and transactions |
1 691 |
1 795 |
2 457 |
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19.7 |
6.2 |
36.8 |
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Other taxes |
335 |
396 |
430 |
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. |
18.2 |
8.7 |
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Social security contributions |
15 645 |
18 179 |
21 097 |
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9.7 |
16.2 |
16.0 |
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Grants |
193 |
252 |
173 |
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-64.5 |
30.5 |
-31.5 |
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Other revenue |
9 960 |
18 103 |
12 652 |
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-2.2 |
81.8 |
-30.1 |
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Saleof assets |
29 |
239 |
287 |
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- |
- |
- |
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Total revenue |
150 429 |
185 084 |
215 509 |
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2.0 |
23.0 |
16.4 |
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Treasury expenditure, January – July 2006
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In millions of krónur |
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Change from previous year in per cent |
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2004 |
2005 |
2006 |
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2005 |
2006 |
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General public services |
28 841 |
35 848 |
29 338 |
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24.3 |
-18.2 |
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of which: interest |
9 748 |
15 478 |
7 322 |
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58.8 |
-52.7 |
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Health |
41 566 |
46 299 |
49 138 |
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11.4 |
6.1 |
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Social security and welfare |
41 744 |
42 211 |
39 338 |
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1.1 |
-6.8 |
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Economic affairs |
23 630 |
23 262 |
23 044 |
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-1.6 |
-0.9 |
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Education |
15 587 |
18 516 |
20 547 |
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18.8 |
11.0 |
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Culture, sports and religion |
7 541 |
7 459 |
8 291 |
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-1.1 |
11.2 |
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Law enforcement, justice, security |
4 948 |
5 199 |
6 195 |
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5.1 |
19.2 |
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Environmental protection |
1 895 |
1 926 |
2 108 |
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1.7 |
9.4 |
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Housing, zoning and utilities |
105 |
266 |
258 |
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154.2 |
-3.2 |
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Total expenditure |
165 856 |
180 985 |
178 257 |
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9.1 |
-1.5 |
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.