As Gaeilge
    EXCHEQUER STATEMENT    
       
     STATEMENT OF EXCHEQUER SURPLUS/(DEFICIT) IN THE PERIOD ENDED 31 DECEMBER 2003
       
    1 Jan 2002 1 Jan 2003
    to to
Receipts and Expenditure - Current   31 Dec 2002 31 Dec 2003
    €000 €000
Receipts      
Tax Revenue Note 1 29,294,109 32,102,931
Non-Tax Revenue Note 2 2,230,083 1,055,584
       
Total   31,524,192 33,158,515
       
Expenditure      
Voted (Departmental Expenditure Voted Annually by the Dail) Note 4 23,313,766 25,451,867
Non-Voted (Non-discretionary Expenditure charged directly on the Central Fund    
    Sinking Fund * Note 5 475,944 479,774
   Other Non-Voted Current Expenditure Note 5 2,333,191 2,815,442
Total   26,122,901 28,747,083
       
Surplus/(Deficit) on Current Account   5,401,291 4,411,432
       
Receipts and Expenditure - Capital      
       
Receipts      
Sinking Fund *   475,944 479,774
Other Capital Receipts Note 3 1,086,361 807,493
       
Total   1,562,305 1,287,267
       
Expenditure      
Voted (Departmental Expenditure Voted Annually by the Dail) Note 4 5,509,251 5,289,755
Non-Voted (Expenditure charged directly under particular legislation) Note 6 1,359,382 1,388,525
       
Total   6,868,633 6,678,280
       
Surplus/(Deficit) on Capital  Account      (5,306,328)    (5,391,013)
       
Exchequer Surplus/(Deficit)   94,963    (979,581)
       
       
Source and Application of Funds      
Total (Borrowing)/Repayment Note 7 742,687     (1,127,659)
Total Increase/(Decrease) in Exchequer Deposits and Other Balances Note 8    (647,724) 148,078
       
Exchequer Surplus/(Deficit)   94,963    (979,581)
       
       
*  The Sinking Fund provision is a transfer from the current account      
to the capital account to reduce national debt      
       

 

RECEIPTS 01 Jan 2002 01 Jan 2003   ISSUES 01 Jan 2002 01 Jan 2003    
  to to     to to    
  31 Dec 2002 31 Dec 2003     31 Dec 2002 31 Dec 2003    
                 
  €000 €000     €000 €000    
Note 1: Tax Revenue       Note 4:  Voted Departmental Expenditure         
                 
Customs........ 133,851 136,707   Taoiseach's (incl Legal   Votes).................... 142,709 127,792    
Excise........... 4,441,077 4,572,137   Finance (group).............. 1,033,457 1,122,398    
Capital Gains Tax........... 628,167 1,443,224   Justice (group)................ 1,602,734 1,718,131    
Capital Acquisitions Tax.................. 150,206 214,167   Environment, Heritage & Local Government *......... 2,773,207 2,307,765    
Stamps......... 1,166,531 1,688,382   Education & Science.................. 5,169,194 5,680,888    
Income Tax.................... 9,062,906 9,161,767   Communications, Marine & Natural Resources *......... 289,700 299,015    
Income Levy.................. 11,695 0   Agriculture & Food *.............. 886,898 829,787    
Corporation Tax.............. 4,803,465 5,161,370   Transport *.......... 1,523,296 2,030,225    
Value-Added-Tax........... 8,884,902 9,720,544   Health & Children........ 7,171,193 7,954,540    
Agricultural Levies.......... 6,937 4,633   Enterprise, Trade & Employment....... 1,116,404 1,025,054    
Training & Employment Levy........... 4,372 0   Arts, Sport & Tourism *............. 413,877 393,306    
        Defence................... 838,840 839,043    
  Total 29,294,109 32,102,931   Foreign Affairs.................. 499,937 543,947    
        Social & Family Affairs *............... 5,059,892 5,611,921    
Note 2: Non-Tax Revenue       Community, Rural &   Gaeltacht Affairs *......... 301,679 257,810    
        Total 28,823,017 30,741,622    
Central Bank - Surplus Income........ 530,639 583,719            
National Lottery Surplus.................. 216,995 204,000           * Expenditure on these Vote Groups is not fully comparable year-on-year because of        
Royalties from Marathon Petroleum............ 7,307 5,071   the transfer of functions agreed in June/July 2002.        
Transfer from Social Insurance Fund............. 635,000 0            
Central Bank-Accrued public moneys from the                 
issue of coin………………………………………… 360,000 78,200            
Proceeds from banknote receipts related to          €000 €000    
Euro Changeover………………………………… 240,000 0   Note 5: Non-Voted Current Expenditure        
                 
Interest on Loans       Service of National Debt        
Local Loans Fund.......... 10,172 9,200   Interest.......... 1,158,350 1,514,985    
Other Advances............. 921 2,686   Sinking Fund Contributions.............. 475,944 479,774    
        Other Debt Management Expenses........... 32,959 32,623    
Dividends                
ACC Bank.................... 2,537 0   Other Non-Voted Expenditure        
Bord Gais Eireann 21,735 9,796   Contribution to EU Budget............... 1,045,363 1,190,386    
ESB 19,000 18,719   Finance Act 2003 (Section 166)................... 0 501    
Irish Aviation Authority 1,071 1,000   P&T Services Act,(Amendment)1983 Section 75........ 13,730 0    
Aer Rianta 0 7,245   Payments to Marathon Petroleum Ire. Ltd.................... 13,752 8,496    
Other Dividends............. 47 97   Election Expenses**.......... 25,904 24,582    
        Payments to Political Parties under the Electoral Acts**………… 4,350 4,723    
Other Receipts       Salaries, Pensions and Allowances**............ 30,384 30,893    
Passport and Consular Fees............ 28,904 27,147   Miscellaneous................ 8,399 8,253    
Other Receipts collected by Departments etc............. 118,143 89,873     Total 2,809,135 3,295,216    
Miscellaneous................ 37,612 18,831            
  Total 2,230,083 1,055,584   Note 6: Non-Voted Capital Expenditure        
                 
Note 3: Capital Receipts       Loans        
        Bord Iascaigh Mhara...... 201 40    
EU Receipts       Local Loans Fund.......... 0 0    
Cohesion Fund Receipts................. 172,549 143,956   Nitrigin Éireann Teoranta 350 0    
European Regional Development Fund...................... 387,872 220,519            
EIB-EEA Financial Mechanism........ 7,201 0   Share Capital Acquired in State Sponsored Bodies        
Trans European Network................ 6,199 4,000   ACC Bank plc................. 0 0    
Other EU Receipts......... 33 56   Arramara Teoranta............ 640 510    
        SFADCo. Ltd.................. 63 63    
Loan Repayments                
Local Loans Fund Acts, 1935-87.... 14,433 14,925   Investments in International Bodies        
Feoga (Guarantee)......... 140,211 341,849   European Bank for Reconstruction and Development Act, 1991 844 844    
Feoga (Intervention))..... 0 0   Multilateral Investment Guarantee Agency.................. 0 0    
Other Loans Repaid...... 1,345 1,477            
        European Communities Acts, 1972 to 1998        
Capital Receipts under Statute       ERDF/Cohesion Fund.... 37 4,926    
Insurance Acts 1953-88................. 6,025 0   FEOGA (Intervention)..... 0 0    
Insurance Acts 1964……………………………… 40,632     FEOGA (Guarantee)....... 308,990 262,677    
                 
Other Capital Receipts       Other Capital Payments        
Sale of State Property............... 13,964 46,911   National Pensions Reserve Fund.... 1,034,500 1,103,000    
Refund of IDA Grants................ 12,023 11,000   Other Payments under Statute........ 13,757 16,465    
Enterprise Ireland.... 3,715 0     Total 1,359,382 1,388,525    
Sale of ACC Bank.............. 142,414 0            
ACC Bank ESOP.... 12,189 0   SOURCE AND APPLICATION OF FUNDS        
Sale of INPC............ 20,000 0     €000 €000    
Telephony Licence...... 101,500 0   Note 7: (Borrowing)/Repayments        
Refund of Shannon Development Grants........... 0 6,626            
Miscellaneous Capital Receipts....................... 4,056 16,174   Irish Government Bonds listed on the Irish Stock Exchange..   (2,862,193)    (5,778,709)    
  Total 1,086,361 807,493   Other Irish Government Public Bond Issues................ 773,355 625,400    
        EIB Loans...................... 168,705 77,719    
        Medium Term Notes....... 95,191 192,848    
        Private Placements........ 920,107 563,560    
        National Saving Schemes...............   (37,827)    (276,692)    
        Commercial Paper.......... 1,027,736 2,993,379    
        Miscellaneous Debt........ 15,692 371,810    
        (Borrowing from)/Repayment to Ministerial Funds........ 641,921 103,026    
        Total (Borrowing)/Repayment 742,687    (1,127,659)    
                 
        Note 8: Increase/(Decrease) in Exchequer        
           Deposits and Other Balances        
        Increase/(Decrease) in Exchequer Balance...............   (86,407) 194,672    
        Increase/(Decrease) in Other Bank  Deposits............. 0 0    
        Increase/(Decrease) in Other Balances......................    (561,317)     (46,594)    
          Total    (647,724) 148,078    
               
        **With effect from November 2003, payments under the Electoral Acts will no longer be recorded      
        under 'Salaries, Pensions & Allowances', but reported as follows:      
         - Reimbursements of election expenses will be included under the heading 'Election Expenses'.      
         -The quarterly payments to qualified political parties towards research, policy formulation, and   
        general administration will have a separate entry called 'Payments to Political Parties under the Electoral Acts.'
                 
                 

 
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