Regulation (EC) No 1221/2002 of the European Parliament and of the Council of 10 June 2002 on quarterly non-financial accounts for general government

• Published date: 09 July 2002
• Official Gazette Publication: Journal officiel des Communautés européennes, L 179, 09 juillet 2002,Gazzetta ufficiale delle Comunità europee, L 179, 09 luglio 2002,Diario Oficial de las Comunidades Europeas, L 179, 09 de julio de 2002

2002R1221 — EN — 01.07.2013 — 001.001

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This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents

►B REGULATION (EC) No 1221/2002 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 10 June 2002 on quarterly non-financial accounts for general government (OJ L 179, 9.7.2002, p.1)

Amended by:

		Official Journal
		No	page	date
►M1	COUNCIL REGULATION (EU) No 517/2013 of 13 May 2013	L 158	1	10.6.2013

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▼B

REGULATION (EC) No 1221/2002 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

of 10 June 2002

on quarterly non-financial accounts for general government

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty establishing the European Community, and in particular Article 285 thereof,

Having regard to the proposal from the Commission ( 1 ),

Having regard to the opinion of the European Central Bank ( 2 ),

Acting in accordance with the procedure laid down in Article 251 of the Treaty ( 3 ),

Whereas:

(1) Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community ( 4 ), (ESA 95), contains the reference framework of common standards, definitions, classifications and accounting rules for drawing up the accounts of the Member States for the statistical requirements of the Community, in order to obtain comparable results between Member States.

(2) The report by the Monetary Committee on information requirements, endorsed by the Ecofin Council on 18 January 1999, underlined that, for the proper functioning of economic and monetary union and the single market, effective surveillance and coordination of economic policies are of major importance and that this requires a comprehensive statistical information system providing policy-makers with the necessary data on which to base their decisions. That report also stated that a high priority should be given to short-term public finance statistics for Member States, in particular those participating in economic and monetary union, and that the objective was the compilation of simplified quarterly non-financial accounts for the general government sector resulting from a step-by-step approach.

(3) It is appropriate to define simplified quarterly non-financial accounts for general government by reference to the list of ESA 95 categories of government expenditure and revenue defined in Commission Regulation (EC) No 1500/2000 of 10 July 2000 implementing Council Regulation (EC) No 2223/96 with respect to general government expenditure and revenue ( 5 ).

(4) Priority in the step-by-step approach was given to taxes, actual social contributions and social benefits other than social transfers in kind, as categories representing reliable indicators of trends in public finances that are already available on time (first step).

(5) The transmission of this first set of categories on a quarterly basis, from June 2000, in all Member States is covered by Commission Regulation (EC) No 264/2000 of 3 February 2000 on the implementation of Council Regulation (EC) No 2223/96 with respect to short-term public finance statistics ( 6 ).

(6) It is necessary to supplement the first step with another set of categories in order to obtain the full list of categories constituting general government expenditure and revenue.

(7) The reliability of quarterly data provided under this Regulation with regard to annual data should be assessed. A report on the quality of the quarterly data should therefore be made before the end of 2005.

(8) Articles 2 and 3 of Regulation (EC) No 2223/96 lay down the conditions under which the Commission may adopt amendments to the ESA 95 methodology in order to clarify and improve its content. The compilation of quarterly non-financial accounts for general government will require additional resources in Member States. Their transmission to the Commission cannot therefore be dealt with in a Commission Decision.

(9) The Statistical Programme Committee (SPC), set up by Council Decision 89/382/EEC, Euratom ( 7 ), and the Committee on Monetary, Financial and Balance of Payments Statistics (CMFB), set up by Council Decision 91/115/EEC ( 8 ), have each been consulted in accordance with Article 3 of those Decisions,

HAVE ADOPTED THIS REGULATION:

Article 1

Purpose

The purpose of this Regulation is to define the content of quarterly non-financial accounts for general government, to lay down the list of the ESA 95 categories to be transmitted by Member States from 30 June 2002 and to specify the main characteristics of these categories.

Article 2

Content of the quarterly non-financial accounts for general government

The content of the quarterly non-financial accounts for general government is defined in the Annex by reference to a list of ESA 95 categories constituting general government expenditure and revenue.

Article 3

Categories concerned by the transmission of quarterly data

1. Member States shall transmit to the Commission (Eurostat) quarterly data for the categories or groups of categories included in the list provided in the Annex, with the exception of those categories for which data must be transmitted pursuant to Regulation (EC) No 264/2000.

2. Quarterly data shall be transmitted for the following categories (or groups of categories) of general government expenditure and revenue:

(a) expenditure:

— intermediate consumption (P.2)

— gross capital formation + Acquisitions less disposals of non-financial non-produced assets (P.5 + K.2)

— gross fixed capital formation (P.51)

— compensation of employees (D.1)

— other taxes on production (D.29)

— subsidies, payable (D.3)

— property income (D.4)

— interest (D.41)

— current taxes on income, wealth etc. (D.5)

— social transfers in kind related to expenditure on products supplied to households via market producers (D.6311 + D.63121 + D.63131)

— other current transfers (D.7)

— adjustment for the change in net equity of households in pension funds reserves (D.8)

— capital taxes + Investment grants + Other capital transfers, payable (D.91 + D.92 + D.99).

(b) revenue:

— market output + Output for own final use + Payments for the other non-market output (P.11 + P.12 + P.131)

— other subsidies on production, receivable...