Belgium - Government Budget Balance





Belgium: Government Budget Balance

Mnemonic GVBAL.IBEL
Unit Mil. EUR
Annual 98.47 %
Data 2019 93.8
2018 6,117

Series Information

Source National Bank of Belgium - Belgostat (BNB)
Release Quarterly Government Account
Frequency Quarterly
Start Date 12/31/1995
End Date 12/31/2019

Belgium: Government

Reference Last Previous Units Frequency
Outstanding Public Debt 2020 Q3 425,047 438,488 Mil. EUR, NSA Quarterly
Gross External Debt 2020 Q2 0 0 USD, NSA Quarterly
Government Budget Balance 2019 93.8 6,117 Mil. EUR Annual
Government Expenditures 2019 247,877 240,154 Mil. EUR Annual
Government Revenues 2019 238,598 236,500 Mil. EUR Annual

Release Information

The consolidated gross debt of general government statistics are a sub-sector is obtained by subtracting debts that are considered financial assets of other units of the sub-sector. Statistics on public finances are compiled in accordance with the European System of National and Regional Accounts (ESA 2010) which is supplemented by the ESA 2010 Manual on government deficit and debt. 

The national accounts system was created with a sequence of inter-linked flows, relating to various economic and financial transactions over a specific period as well as balance sheets that show figures for outstanding assets and liabilities held by the institutional sectors. 

  • Framework: ESA 2010
  • Measurement: Millions of euros (Mil. EUR)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequencies:
    • Quarterly
    • Annual
  • Start date: Uniformly 1995

Non-financial accounts illustrate the production of goods and services plus revenue generating economic activities during a certain time period. The source shows their data on the general government table  including all receipts and expenditure in terms of millions of euros, but does not include showing interim balances. The balance of receipts and expenditures matches the balance on the capital account and determines the net lending and net borrowing of the government.

The consolidated gross debt provides outstanding figures at the period end and is shown in terms of millions of euros. Currency and deposits, debt securities, and loans are presented for a variety of sectors including federal government, communities and regions, local government, social security funds, intersectoral consolidation and general government.

Moody's Analytics supplements

We compute seasonally adjusted counterparts to the headline items (balance, receipts, expenditures) and interest charges.