Reference metadata describe statistical concepts and methodologies used for the collection and generation of data. They provide information on data quality and, since they are strongly content-oriented, assist users in interpreting the data. Reference metadata, unlike structural metadata, can be decoupled from the data.
Eurostat, the statistical office of the European Union
1.2. Contact organisation unit
D1: Excessive deficit procedure, methodology and GFS
1.3. Contact name
Confidential because of GDPR
1.4. Contact person function
Confidential because of GDPR
1.5. Contact mail address
2920 Luxembourg LUXEMBOURG
1.6. Contact email address
Confidential because of GDPR
1.7. Contact phone number
Confidential because of GDPR
1.8. Contact fax number
2.1. Metadata last certified
6 February 2024
2.2. Metadata last posted
6 February 2024
2.3. Metadata last update
6 February 2024
3.1. Data description
The data correspond to annual financial accounts of the ‘European institutions and bodies’ subsector (S.1315), compiled by Eurostat following ESA2010 methodology. The data covers financial transactions and balance sheet items.
This includes a number of financial instruments (F.1, F.2, F.3, F.4, ...) as well as some balancing items such as net financial transactions, net financial worth and net financial assets and liabilties.
Data are available in million of euro.
Main data sources are the ones underlying the Consolidated annual accounts of the European Union, provided by DG BUDG, as well as some data provided by National authorities (National Statistical Institutes).
3.2. Classification system
European System of Accounts, 2010 edition (ESA2010).
3.3. Coverage - sector
European non-financial institutions and bodies as defined in ESA2010 (paragraph 19.09), following on the definition of general government sector as defined in ESA2010 (paragraph 2.111) as including "institutional units which are non-market producers whose output is intended for individual and collective consumption, and are financed by compulsory payments made by units belonging to other sectors, and institutional units principally engaged in the redistribution of national income and wealth".
3.4. Statistical concepts and definitions
The data correspond to annual financial accounts, compiled on a national accounts (ESA2010) basis.
Annual financial accounts include data on financial transactions and balance sheet items.
The primary classification of financial instruments comprises: monetary gold and special drawing rights (AF.1), currency and deposits (AF.2) with sub-category currency (AF.21), debt securities (AF.3) with a breakdown into short-term (AF.31) and long-term (AF.32) debt securities, loans (AF.4) with a breakdown into short-term loans (AF.41) and long-term loans (AF.42), equity and investment fund shares or units (AF.5) with a breakdown into equity (AF.51) and investment fund shares or units (AF.52), insurance, pension and standardised guarantees schemes (AF.6) with a breakdown into non-life insurance technical reserves (AF.61), pension entitlements, claims of pension funds on pension managers and entitlements to non-pension benefits (AF.63_AF.64_AF.65), provisions for calls under standardised guarantees (AF.66), financial derivatives and employee stock options (AF.7) and other accounts receivable/payable (AF.8).
3.5. Statistical unit
Institutional units and groupings of units as defined in ESA2010.
3.6. Statistical population
Target population is the European non-financial institutions and bodies subsector of the general government sector.
3.7. Reference area
EU institutions and bodies general government.
3.8. Coverage - Time
From 2021.
3.9. Base period
Not available.
Million of Euro.
Calendar year.
6.1. Institutional Mandate - legal acts and other agreements
National accounts are compiled in accordance with the European System of Accounts (ESA10) adopted in the form of Regulation (EU) N° 549/2013 of 21 May 2013. There is yet no legal basis requiring Eurostat to produce these datasets on European institutions and bodies (S.1315) subsector
6.2. Institutional Mandate - data sharing
Not available.
7.1. Confidentiality - policy
Regulation (EC) No 223/2009 on European statistics (recital 24 and Article 20(4)) of 11 March 2009 (OJ L 87, p. 164), stipulates the need to establish common principles and guidelines ensuring the confidentiality of data used for the production of European statistics and the access to those confidential data with due account for technical developments and the requirements of users in a democratic society.
7.2. Confidentiality - data treatment
Not available.
8.1. Release calendar
A fixed date of data release is yet to be determined.
8.2. Release calendar access
NA
8.3. Release policy - user access
In line with the Community legal framework and the European Statistics Code of Practice Eurostat disseminates European statistics on Eurostat's website (see item 10 - 'Accessibility and clarity') respecting professional independence and in an objective, professional and transparent manner in which all users are treated equitably. The detailed arrangements are governed by the Eurostat protocol on impartial access to Eurostat data for users.
Annually.
10.1. Dissemination format - News release
See below.
10.2. Dissemination format - Publications
Eurobase.
10.3. Dissemination format - online database
Please consult free data on-line.
10.4. Dissemination format - microdata access
Not available.
10.5. Dissemination format - other
Not available.
10.6. Documentation on methodology
See section 6.1.
10.7. Quality management - documentation
Not available.
11.1. Quality assurance
Data is verified for internal consistency and plausibility, also vis a vis other related data.
11.2. Quality management - assessment
A quality assessment procedure is in place that involves arithmetic and quality checks as well as checks on consistency with ESA2010 and other government datasets (non-financial government accounts) by Eurostat on data received by Member States.
12.1. Relevance - User Needs
Not available.
12.2. Relevance - User Satisfaction
Not available.
12.3. Completeness
From 2021 only.
13.1. Accuracy - overall
Data for government finance statistics are in general associated with a high level of overall accuracy, being compiled on the basis of direct administrative data sources.
13.2. Sampling error
Not applicable.
13.3. Non-sampling error
Not applicable.
14.1. Timeliness
Not applicable.
14.2. Punctuality
Not applicable.
15.1. Comparability - geographical
The underlying methodological framework is the European system of accounts (ESA2010), which ensures a high degree of comparability.
15.2. Comparability - over time
Not applicable.
15.3. Coherence - cross domain
Several checks are carried out on the data before publication. These consist in checking the internal consistency of the data but also consistency with other datasets: • With annual non-financial accounts. • Stocks of liabilities for the instruments F.2, F.31, F.32, F41 and F.42 are cross checked with annual debt data (by applying some validation criteria taking into account differences in valuation). • The statistical discrepancy between financial and non-financial accounts (B.9-B.9f) is closely followed.
15.4. Coherence - internal
Datasets are carefully checked for the internal consistency.
All reported errors (once validated) result in corrections of the disseminated data.
Corrections are carried out in connection with the regular scheduled data dissemination/in connection with next scheduled regular revision.
18.1. Source data
Administrative and other records of DG BUDG, ESM and EFSF, as well as annual national accounts data from National Statistical Authorities.
18.2. Frequency of data collection
Once a year.
18.3. Data collection
Main data is collected directly from DG BUDG and ESM. Some supporting data is collected from member States, in the April EDP context.
18.4. Data validation
Data are loaded into Eurostat Reference Database once validated by Eurostat. The validation process consists of arithmetic and quality checks including consistency with ESA2010 methodology and with other data reported to Eurostat as well as a number of further plausibility checks.
18.5. Data compilation
Accounting conventions are those of ESA2010. Time of recording: In principle, flows are recorded on an accrual basis; that is when economic value is created, transformed or extinguished, or when claims and obligations arise, are transformed or cancelled. Valuation rules: Financial transactions are recorded at the market value. It is the value in national currency at which the financial assets and/ or liabilities are created, liquidated, exchanged or assumed, on the basis of commercial considerations only. For an explanation of the general valuation rules and detailed valuation rules that apply to some sub-categories of financial transactions, see ESA2010, chapter 5.
18.6. Adjustment
Data are not adjusted.
Please also consult the latest EDP news release for any specific or general explanatory notes.
The data correspond to annual financial accounts of the ‘European institutions and bodies’ subsector (S.1315), compiled by Eurostat following ESA2010 methodology. The data covers financial transactions and balance sheet items.
This includes a number of financial instruments (F.1, F.2, F.3, F.4, ...) as well as some balancing items such as net financial transactions, net financial worth and net financial assets and liabilties.
Data are available in million of euro.
Main data sources are the ones underlying the Consolidated annual accounts of the European Union, provided by DG BUDG, as well as some data provided by National authorities (National Statistical Institutes).
6 February 2024
The data correspond to annual financial accounts, compiled on a national accounts (ESA2010) basis.
Annual financial accounts include data on financial transactions and balance sheet items.
The primary classification of financial instruments comprises: monetary gold and special drawing rights (AF.1), currency and deposits (AF.2) with sub-category currency (AF.21), debt securities (AF.3) with a breakdown into short-term (AF.31) and long-term (AF.32) debt securities, loans (AF.4) with a breakdown into short-term loans (AF.41) and long-term loans (AF.42), equity and investment fund shares or units (AF.5) with a breakdown into equity (AF.51) and investment fund shares or units (AF.52), insurance, pension and standardised guarantees schemes (AF.6) with a breakdown into non-life insurance technical reserves (AF.61), pension entitlements, claims of pension funds on pension managers and entitlements to non-pension benefits (AF.63_AF.64_AF.65), provisions for calls under standardised guarantees (AF.66), financial derivatives and employee stock options (AF.7) and other accounts receivable/payable (AF.8).
Institutional units and groupings of units as defined in ESA2010.
Target population is the European non-financial institutions and bodies subsector of the general government sector.
EU institutions and bodies general government.
Calendar year.
Data for government finance statistics are in general associated with a high level of overall accuracy, being compiled on the basis of direct administrative data sources.
Million of Euro.
Accounting conventions are those of ESA2010. Time of recording: In principle, flows are recorded on an accrual basis; that is when economic value is created, transformed or extinguished, or when claims and obligations arise, are transformed or cancelled. Valuation rules: Financial transactions are recorded at the market value. It is the value in national currency at which the financial assets and/ or liabilities are created, liquidated, exchanged or assumed, on the basis of commercial considerations only. For an explanation of the general valuation rules and detailed valuation rules that apply to some sub-categories of financial transactions, see ESA2010, chapter 5.
Administrative and other records of DG BUDG, ESM and EFSF, as well as annual national accounts data from National Statistical Authorities.
Annually.
Not applicable.
The underlying methodological framework is the European system of accounts (ESA2010), which ensures a high degree of comparability.
