Data presented in this press release are derived from Quarterly non-financial accounts by institutional sector (QSA), that include Quarterly non-financial General government account. QSA are estimated at current prices and expressed in millions of euro. Data for Consumer households and Non-financial corporations are presented in seasonally adjusted form. Data for the General government are not seasonally adjusted.
In the third quarter of 2017 total expenditures and total revenues for General government grew respectively by 1.1% and 1.5% compared with the third quarter of the previous year. The growth of total expenditures results from an increase in current expenditures (+0.5%) and in total capital expenditures (+8.2%). The increase in total revenues is mainly due to taxes on production and imports, social contributions and other current revenues.
The General government deficit (net borrowing) to GDP ratio was 2.1% in the third quarter
of 2017, compared with the 2.4% in the third quarter of 2016. The tax burden ratio stood at 40.3% of GDP, down 0.4 percentage points with respect to the same quarter of the previous year