Statistical presentation
Contact info
Government Finances, Economic StatisticsJacob König
+45 40 40 58 41
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Quarterly financial accounts make up a consistent system, showing the financial flows and net worth of the general government sector of the economy over time. The financial accounts for the general government sector, the financial (transactions) account, which shows buying and selling of financial instruments, describes an important part of the transition from the opening balance sheet account to the closing balance sheet account. Because the financial instruments are valued at market price, another important part of the transition is made up by revaluations, which are shown in the revaluation account. The remaining part is found in the account of other changes in volume, showing e.g. losses on debtors and relocations of units between sectors. As a general rule opening balance sheet + financial transactions + revaluations + other change in volume = closing balance sheet should always hold. When published the revaluation account and the account of other change in volume are combined. The statistics is published both consolidated and unconsolidated and with counterpart information for the domestic and foreign sector, respectively.
Data description
Quarterly financial accounts make up a consistent system, showing the financial flows and net worth of the general government sector of the economy over time. The financial accounts for the general government sector, the financial (transactions) account, which shows buying and selling of financial instruments, describes an important part of the transition from the opening balance sheet account to the closing balance sheet account. Because the financial instruments are valued at market price, another important part of the transition is made up by revaluations, which are shown in the revaluation account. The remaining part is found in the account of other changes in volume, showing e.g. losses on debtors and relocations of units between sectors. As a general rule opening balance sheet + financial transactions + revaluations + other change in volume = closing balance sheet should always hold. When published the revaluation account and the account of other change in volume are combined.
Classification system
- S.13: General government
- S.1311: Central government
- S.1313: Local government
- S.1314: Social security funds
Sector coverage
- S.13: General government
- S.1311: Central government
- S.1313: Local government
- S.1314: Social security funds
Statistical concepts and definitions
Net lending/borrowing: General government net lending/net borrowing (B.9) is the difference between total revenue and total expenditure. It represents the amount that general government has available for lending to other sectors or, alternatively, the amount it must borrow to finance its non-financial transactions.
Net lending/net borrowing is also the balancing item of the financial account (B.9F in the main structure of the accounts), derived from transactions in financial assets and liabilities. In principle, it is identical to the balancing item of the capital account, although in practice a statistical discrepancy may occur.
Statistical unit
- S.13: General government
- S.1311: Central government
- S.1313: Local government
- S.1314: Social security funds
Statistical population
The general government sector consisting of Central government, local governments, and social security funds.
Reference area
Denmark.
Time coverage
The time series covers the period 1995 and onwards.
Base period
Not relevant for these statistics.
Unit of measure
DKK million.
Reference period
The statistics are compiled by quarter and calendar year.
Frequency of dissemination
Quarterly and yearly.
Legal acts and other agreements
- Section 6 of the Act on Statistics Denmark.
- Council Regulation (EU) No. 549/2013 of 21. May 2013 on the European system of national and regional accounts in the Community (ESA 2010).
- Council Regulation (EU) No. 501/2004 of 10 March 2004 on quarterly financial accounts for general government.
Cost and burden
The response burden is small as most of the data are collected by others: Danmarks Nationalbank, Finansstyrelsen, Realkredit Danmark, Finansministeriet and KommuneKredit.
Comment
Further information can be found at the subject page Economy of the general government sector for these statistics, or by contacting Statistics Denmark directly.