The Government Finance Statistics (GFS) template tables show in an integrated way the following:

  • government revenue and expenditure;
  • government surplus (+)/deficit (-), referred to in national accounts terminology as net lending (+)/net borrowing (-);
  • transactions in financial assets and liabilities;
  • other changes in assets and liabilities (other changes in volume and revaluation);
  • balance sheets.

This presentation is similar to that of business accounting where the profit and loss account and the balance sheet are presented together in an integrated manner. The GFS cover data for the general government sector (S.13) and its subsectors. The general government sector (S.13) consists of four subsectors: central government (S.1311), state government (S.1312), local government (S.1313) and social security funds (S.1314).

The GFS template tables are presented on both an annual and quarterly basis.

Aggregates for the euro area and the EU are calculated using Eurostat's aggregation method. This involves the conversion of national currency data into one currency: the euro (or the ECU before 1999), using for flows the average exchange rate of the period, and for stocks the end of period exchange rate.

The summary GFS template tables present individual data for all the EU Member States, as well as aggregates for the EU and the euro area. In addition, data for the EFTA countries Iceland, Norway and Switzerland (annual data) are also available. The GFS tables draw on data from various Eurostat databases in an integrated manner. They also contain useful metadata for interpretation of these statistical data.

Data availability

Annual GFS template tables are compiled twice per year, usually end of April and end of October. They are also available as Excel files (see below).

Quarterly GFS template tables are compiled four times per year. They are also available as Excel files (see below).

Quarterly Summary Government Finance Statistics

Quarterly Summary Government Finance Statistics template tables (last update 22 July 2020).

These quarterly tables use a template similar to the annual tables. They show, for each EU Member State, the data in millions of national currency, as percentages of GDP (rolling year average), and as quarter-to-quarter (rolling year average) growth rates.

Annual Summary Government Finance Statistics

xls icon Annual Government Finance Statistics template tables (extracted 23 April 2020)

Revision policy

Eurostat asks EU Member States to transmit data according to a pre-defined timetable. In general, EU Member States introduce revisions to their data before each transmission. Eurostat accepts all revisions, provided that adequate explanation is provided. In the public database aggregates for the euro area and EU are automatically updated when national series change.