1. Impact of crisis on EU public finances
John Verrinder (D3)

2. Eurostat public finance data
Deficits and Debts (quarterly and annual)
Detailed data, e.g.
Expenditure by function (pensions, health,…)
Revenue by tax
Financial balance sheets and transactions
Impacts of the government interventions in financial institutions
Both on deficit/debt and contingent
Note: lots of detailed information also released by national governments, not harmonised…

3. Government debts just keep growing EU27 "Maastricht Debt" as % GDP

4. EU27 government expenditure (red) and revenue (blue) as % of GDP

5. The challenges during the financial crisis…
Large one-off impacts on deficits and debts from bank rescues
More government guarantees, and crystallisation of government explicit and implicit guarantees
Complex operations involving government debt (e.g. Greece)
EFSF and ESM (Euro-level issuers)
Major public sector and structural reforms (privatisations, pensions, rationalisation etc)
Particularly in "programme countries"

6. …for Ireland (Govt deficit as %GDP)

7. Irish debt in context (as %GDP)

8. Future developments More data (from Directive on fiscal frameworks)
Government guarantees
Public corporations' liabilities and govt interests
Non-performing loans
Public-Private Partnerships
(Monthly and quarterly data)
Communication to users
Explaining banking-related impacts
Public Sector Accounting Standards