Catalan Government Budget 2013
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Transcript of Catalan Government Budget 2013
2
Budget 2012
2nd stage of the fiscal consolidation plan based on
the principles of austerity, prioritization of social spending,
credibility and joint responsibility
3
SumariMarc macroeconòmic
Dades bàsiques dels pressupostos
Eixos i polítiques
Anàlisi dels ingressos
Anàlisi de les despeses
Budget 2011 and 2012 guidelines
Austerity: guarantee public finance sustainability in the short term (Budget
2011 and 2012) and in the long-term (Bill of Budgetary Stability of Generalitat)
Prioritization of social spending: maintain main services of the welfare
state. Efforts can not focused only on expenditure
Credibility: adjustment planned for two years. In 2011 Budget efforts were
focused on expenditure and in the 2012 efforts are focused on both, revenue
and expenditure
Joint responsibility: Catalan Government efforts must be accompanied by
efforts of other stakeholders (Central Government, public employee and
citizens)
Budget Features
4
Generalitat
Budget(1)
General fund non-
financial
expenditures
(in ESA terms)(2)
Public Sector
Budget (3)
Expenditures financed by general funds 23,559 23,559 23,559
Expenditures financed by earmarked funds 3,660 -- 3,660
Non-financial expenditures of the rest of public sector -- -- 4,055
Subtotal non-financial expenditures (chapters 1 to 7) 27,219 -- 31,274
Financial assets (chapter 8) 834 -- 2,257
Subtotal non-financial expenditures and financial assets (chap. 1 to 8) 28,053 -- 33,531
Financial liabilities (debt repayment - chapter 9) 1,675 -- 3,494
Total expenditures (chapters 1 to 9) 29,727 -- 37,024
Non-financial deficit of PA-ESA entities (4) 245
Capital contributions to non-PA-ESA entities equivalent to capital transf. 138
General fund non-financial expenditures (in ESA terms) 23,942
Generalitat’s Budget key numbers
(1) Government: 12 departments, 6 high bodies and 5 non-departamental funds
(2) Non-financial expenditure in terms of ESA (European System of National and Regional Accounts ESA 95) includes chapters 1 to 7, capital contributions (chapter 8) to finance deficits of PA-ESA entities and capital
contributions to non PA-ESA entities assimilated to capital transfers. General-fund indicates that expenditure financed by earmarked revenue is excluded. This amount is the one taken into account (previously adjusted) to
ensure compliance with the objective of budgetary stability.
(3) Public sector: more than 227 entities in which the Government participates directly or indirectly all or a majority on their governing bodies.
(4) Is the aggregate result of 192 entities classified as Public Administration entities in ESA terms (PA-ESA).
Millions of euros
Budget Features
5
Earmarked
funds
€3,660 m
Loans and
capital
contributions
€834 m
Debt repayment
€1,675 m
Own resources
and debt of the
rest of Public
Sector (227
entities)
€7,297 mESA adjustments:
Non-financial deficit
192 PA-ESA entities
€245 m+
Capital contributions to
non- PA-ESA entities
equivalent to non-
financial expenditures
€138 m
+=
Generalitat of
Catalonia
Budget
€29,727 m
Generalitat
Public Sector
Budget
€37,024 m
General fund
non-financial
expenditures
€23,559 m
General fund
non-fin.
expenditures
(ESA terms)*
€23,942 m
Generalitat’s Budget key numbers
*Expenditures to be adjusted in order to assure the deficit goal achievement in ESA terms.
Millions of euros
Budget Features
6
Source: Bank of Spain, Ministry of Economy and Finance, National Institute of Statistics (INE) and Department of Economy and Knowledge.
+2.2
+2.7
+4.3
+2.3
Government deficit and debtOutturn and budget values in ESA terms (% of GDP)
+0.8
Budget Features
-0.73 -0.39 -0.45 -0.22 -0.62
-2.60 -2.41
-4.22
-2.6
-1.30
7.4 7.7 8.1 7.6 7.5
9.7
12.4
16.7
19.019.8
-5
0
5
10
15
20
25
-6
-4
-2
0
2
4
6
8
10
12
2003 Outturn
2004 Outtrun
2005Outtrun
2006Outtrun
2007Outtrun
2008Outtrun
2009Outtrun
2010Outtrun
2011 Budget
2012 Budget
Debt(%GDP)
Deficit (%GDP)
Deficit Debt
7
-0.22
-0.62
-2.60
-2.41
-4.22
-2.66
-1.30
-1.10-1.00
-5
-4
-4
-3
-3
-2
-2
-1
-1
0
2006Outtrun
2007Outtrun
2008Outtrun
2009Outtrun
2010Outtrun
2011Budget
2012Budget
2013 2014
Achievement of the deficit goal in 2012Deficit in ESA terms (% of GDP)
1Council for Fiscal and Finance Policy.
Source: Department of Economy and Knowledge and INE.
CPFF1 goals 2012-2014
Budget Features
8
M€ % GDP Var. M€ Var. %
Deficit 2010 (outturn) 8,352.0 4.22
Deficit 2012 (budget) 2,740.2 1.30 -5,611.8 -67.2
Commitment to reduce the deficit in two yearsAmounts in millions of euros
Over a period of two years the deficit will be reduced by 5,611.8 M€ (-67.2%)
Budget Features
9
SumariMarc macroeconòmic
Dades bàsiques dels pressupostos
Eixos i polítiques
Anàlisi dels ingressos
Anàlisi de les despeses
Continuity of the budgetary adjustment
Fiscal adjustment has been programmed over a period of two years
(instead of just one), otherwise essential services of the welfare state could
have been deteriorated
Fiscal consolidation efforts continue in 2012, but not exclusively by the
expenditure side
Further efforts must be enabled in the revenue side, from the public
employee, and from the citizenship in order to keep the quality of public
services
Generalitat will conduct an active policy of selling public assets
Budget Features
10
SumariMarc macroeconòmic
Dades bàsiques dels pressupostos
Eixos i polítiques
Anàlisi dels ingressos
Anàlisi de les despeses
Revenue mesures
Increase the tax on retail sales of certain hydrocarbons (regional
part), with tax deductions for certain groups
Creation of a tourist accommodation tax
Rise the tax on documented legal acts, with tax deductions linked to
non-recourse debt mortgages
Maintenance of the highest income tax rates in personal income tax
Maintenance of wealth tax (temporarily reestablished by Central
Government)
Budget Features
11
SumariMarc macroeconòmic
Dades bàsiques dels pressupostos
Eixos i polítiques
Anàlisi dels ingressos
Anàlisi de les despeses
Efforts by users of public services
Increase the water canon to assure water supply and purification. Includes
support measures to vulnerable people
Fees increase to assure the financial sustainability of certain public
services
Fee on pharmaceutical prescriptions to avoid overuse and abuse, with
little collecting impact, but with a potential dissuasive effect
Budget Features
12
Budget 2012 revenue mesuresIn millions of euros
M€
Wealth tax (temporarily reestablished by Central Government) 240.4
Tax on retail sales of certain hydrocarbons (regional part) (tax rate increase) 130.0
Tourist accommodation tax (creation) 100.0
Fee on pharmaceutical prescriptions or health products (creation) 100.0
Personal income tax (maintenance of tax rates for the highest income brackets) 73.5
Tax on documented legal acts (tax rate increase) 72.5
Fees increased above the general increase 4.0
Tax measures 720.4
Real assets disposals and concessions (buildings and other real investments) 888.2
TOTAL 1,608.6
Budget Features
13
Concepts Budget 2011 Budget 2012 Var. 2012 / 2011
M€ %
Inheritance and donations tax 288.6 197.6 -91.0 -31.5
Wealth tax -- 240.4 240.4 --
Tax on transfers and documented legal acts 1,286.6 1,221.1 -65.5 -5.1
Gambling taxes 308.3 254.0 -54.3 -17.6
Energy tax 279.3 311.1 31.8 11.4
Vehicle registration tax 110.0 114.2 4.2 3.8
Tax on retail sales of certain hydrocarbons 280.4 390.0 109.6 39.1
Totally devolved taxes 2,553.2 2,728.4 175.2 6.9
Personal income tax (regional share) 8,055.9 7,842.8 -213.1 -2.6
VAT (share of Spanish central government tax) 4,619.0 5,550.2 931.2 20.2
Taxes on tobacco, alcoholic drinks and hydrocarbons (advances of tax shares) 2,072.5 1,964.0 -108.6 -5.2
Partially devolved taxes 14,747.4 15,356.9 609.5 4.1
Total devolved tax revenues 17,300.6 18,085.4 784.8 4.5
Global Sufficiency Fund (advance) 1,840.0 1,765.1 -74.9 -4.1
Fundamental Services Guarantee Fund (advance) -1,460.0 -1,065.5 394.6 -27.0
Rest of resources of the funding system1
102.0 91.0 -11.0 -10.8
2008 and 2009 funding system pending settlements2
-138.1 -633.8 -495.6 358.8
2010 funding system pending settlement -- 1,090.3 1,090.3 --
Subtotal funding system revenues3 17,644.4 19,332.5 1,688.1 9.6
In millions of euros
Generalitat’s non-financial revenues
1 Includes specific funds to improve health system2 Total settlement from the financing model for 2008 is -690.7M€ (-138.1M€ per year for 5 years) and the total amount for 2009 is -2,478.1 M€ (-495.6 M€ per year for 5 years).3 Figures for the advancements from the funding model for 2012 are the ones provided by the Central Government last July.
Budget Features
14
Concepts Budget 2011 Budget 2012 Var. 2012 / 2011
M€ %
Subtotal funding system revenues 17,644.4 19,332.5 1.688.1 9.6
Local Governments share of Central Government’s Revenues 2,670.2 2,670.2 0.0 0.0
Tourist accommodation tax -- 100.0 100.0 --
Fee on pharmaceutical prescriptions or health products -- 100.0 100.0 --
Real assets disposals and concessions (buildings and other real investments) 200.0 888.2 688.2 344.1
Infrastructures agreements. 3rd additional provision of Statute of Autonomy of Catalonia 671.8 219.0 -452.8 -67.4
Central Government’s transfers to finance specific programs 773.7 689.5 -84.2 -10.9
European Union transfers 107.0 91.9 -15.1 -14.1
Rest of fees and taxes 157.0 164.9 7.9 5.0
Rest of non-financial revenues 80.5 76.6 -3.9 -4.9
Subtotal non-funding system revenues 4,660.3 5,000.4 340.1 7.3
Total Generalitat non-financial revenues 22,304.7 24,332.9 2,028.2 9.1
Total general fund non-financial revenues 18,684.1 20,672.6 1,988.6 10.6
Total earmarked non-financial revenues 3,620.7 3,660.3 39.6 1.1
Generalitat’s non-financial revenues (continues)
In millions of euros
Budget Features
15
Accuracy in forecasting revenuesIn M€
Initial estimates and outturn of totally devolved taxes1
1Inheritance and donations tax, tax on large commercial establishments, tax on capital transfers and documented legal acts, vehicle registration tax, tax on retail sales of certain hydrocarbons and gambling taxes.
*2011 Estimation using available data until October.
Source: Department ofEconomy and Knowledge.
Budget Features
2,394
2,824
3,802
4,488
5,214
6,320
5,829
4,173
3,364
2,2882,191
2,359
3,232
4,020
4,811
5,590
5,083
3,592
3,077
2,767
2,286*
0
1.000
2.000
3.000
4.000
5.000
6.000
7.000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011* 2012
Budget Outturn
16
Expenditure measures
The increase in debt interest payments and deferred payment methods for
investments increase the need for adjustment of other expenditures
The adjustment is not linearly distributed between departments and it is
taken into consideration the joint effort over the two-year period (2011 and
2012)
Social spending is prioritized, maintaining its share in the total Budget
2012
Measures to promote economic recovery
Special efforts in the public employee expenditures
Budget Features
17
Section
Budget
2011
Budget
2012Var. 2012 / 2011 Var. 2012 / 2010
M€ M€ M€ % M€ %
Presidency 536.2 472.9 -63.3 -11.8 -204.7 -30.2
Governance and Institutional Relations 325.4 307.3 -18.1 -5.6 -103.0 -25.1
Economy and Knowledge 1,213.8 1,101.6 -112.2 -9.2 -389.4 -26.1
Education(3) 4,834.2 4,595.9 -238.3 -4.9 -626.8 -12.0
Health (3)(4) 8,978.9 8,546.1 -432.7 -4.8 -1,053.5 -11.0
Home Affairs (3) 1,144.6 1,088.2 -56.4 -4.9 -134.5 -11.0
Territory and Sustainability(2)(4) 1,362.8 1,564.5 201.7 14.8 -228.8 -12.8
Culture 282.3 267.9 -14.4 -5.1 -66.5 -19.9
Agriculture, Livestock, Fisheries, Food and Nat. Environ. 367.2 340.7 -26.5 -7.2 -138.4 -28.9
Social Welfare and Family 1,746.5 1,728.5 -18.0 -1.0 -212.5 -10.9
Enterprise and Labour 586.3 542.6 -43.7 -7.4 -218.9 -28.7
Justice (3) 911.7 886.8 -24.9 -2.7 -114.4 -11.4
Subtotal departments 22,289.9 21,443.0 -846.8 -3.8 -3,491.3 -14.0
Debt(interests) 1,482.6 1,999.9 517.2 34.9 879.7 78.5
Higher bodies and others 95.0 84.6 -10.4 -11.0 -20.5 -19.5
Non-departmental funds 245.0 414.3 169.3 69.1 23.2 5.9
Total 24,112.5 23,941.8 -170.7 -0.7 -2,609.0 -9.8
In millions of euros
Non-linear distribution of general fund non-financial expenditures (in ESA terms) by
departments(1)
1 See note 2 on page 42 The change percentage of the budget of Department of Territory and Sustainability is 15.5% when credits for deferred payment methods are excluded 3 Departments of Education, Health, Home Affairs and Justice will add resources generated by the savings generated in employee compensation.4 Department of Territory and Sustainability and Departament of Health will have extra funds from new taxes and fees created over 2012.
All departments will
add some resources
generated by saving
measures in
employee wages,
from new taxes and
from the effect of the
2011 savings
measures’
recurrence.
These savings will be
especially significant
in the departments of
Health, Education,
Home Affairs and
Justice
Budget Features
18
Social expenditure is maintained as a priority
In millions of euros
1 See note 2 in page 4
General fund non-financial expenditures in ESA
terms1
Budget
2010
Budget
2011
Budget
2012
Health + Education + Social Welfare and Family(% over total departments)
67.2% 69.8% 69.3%
Health + Education + Social Welfare and Family (% over total departments, excluding Territory and Sustainability)
72.4% 74.4% 74.8%
Budget Features
19
Supporting economic recovery and boosting productive economy
Continuity of the ICF (credit) programs approved in mid 2011 which started in the
last months
Reduction of the Generalitat’s deficit decreases the need for Government
borrowing and promotes the availability of credit to the private sector
Research, development and innovation stimulus policy, with special focus on
innovation
Change in vocational training model to make it more flexible to the needs of
productive sectors
Budget Features
20
SumariMarc macroeconòmic
Dades bàsiques dels pressupostos
Eixos i polítiques
Anàlisi dels ingressos
Anàlisi de les despeses
Public employee measures
Repetition in 2012 of personnel wage reductions of high-ranked officials and Generalitat’s
public sector assimilated, equivalent to an extra month salary
Reduction of public employee compensation
Social Action Fund (reduction of 50% in 2011) and suspension of meal vouchers
accompanied with work flexibility measures
Suspension of productivity bonus and 50% reduction of the maximum amounts to be paid
during 2012 in management by objectives incomes employee of Catalan Healthcare
Institute
Maintenance of suspension of contributions to pension plans
Other personnel measures (reduction in vacancies and days off, etc)
Estimated impact : 625 M€
Budget Features
21
Evolution of budgeted and actual interest expenditures1
In millions of euros
Interest expenditures increase
in Budget 2012:
Over Budget 2011 Over Outturn 20112 Over Outturn 2010
516.4 M€ 517.2 M€ 1,075.2 M€
1Generalitat Aministration. The overall budgeted public sector interest expenditures for 2012 are €2,443.6 m.
2Outturn2011 forecast by the Department of Economy and Knowledge.
Source: Generalitatt’s Budget
Budget Features
440.7491.2
561.1678.7
808.5
1,18.7
1,477.9
1,994.3
480.4 504.7570.3
696.9796.6
919.2
1,477.12
0
500
1.000
1.500
2.000
2.500
2005 2006 2007 2008 2009 2010 2011 2012
Budget Outturn
22
20111 2012 2013 2014 2015
German methods in roads 0.0 82.4 317.9 114.2 60.3
German methods in transportation and mobilitity2 20.0 184.9 46.6 48.0 0.0
German methods in irrigation 0.0 82.6 10.4 0.0 0.0
Equipment land rights 64.5 83.7 117.8 134.4 136.3
Land rights in Equipaments i Edificis de Catalunya SAL 109.6 141.5 131.9 135.6 139.4
Infrastructures and equipments concessions 110.8 222.1 270.4 308.0 311.8
Underground line 9 stations concessions 57.9 134.0 217.0 233.8 240.8
Other underground line 9 finance methods3 87.0 48.9 78.0 88.0 100.8
Other projects 28.6 40.0 93.9 107.9 104.8
Total 478.4 1,020.1 1,284.0 1,170.0 1,094.2
Situation at the beginning of 20114 845.5 1,481.5 1,305.0 1,091.6 1,221.6
Future payments linked to investments made using deferred payment methodsAmounts in millions of euros
1 Taken into account that commitments have been reviewed .
2 German methods of Ferrocarrils de la Generalitat de Catalunya (FGC) are not included
3 Capital contributions and fees for using tunnels are included. Debt of Ifercat is excluded
4 Rights of surface of Equipaments i Edificis de Catalunya SAL are excluded
Budget Features
23
General fund non-financial expenditures variation (in ESA terms)
In millions of euros
ConceptsBudget
2011
Budget
2012
Var. 2012 / 2011
M€ %
Total budgeted general fund non-financial expenditures
(in ESA terms)24,112.5 23,941.8 -170.7 -0.7
Part of the expenditures relating to:
Debt interests 1,477.9 1,994.3 516.4 34.9
Payment of investments with deferred financing 478.4 1,020.1 541.7 113.2
Rest of budgeted general fund non-financial expenditures
(in ESA terms)22,156.2 20,927.4 -1,228.8 -5.5
Budget Features
24
Detail of the evolution of the main expenditure policies and programs
Expenditure policies and programs
Budget1
2011
Budget
20122012 / 2011 2012 / 2010 2011 expenditure
moves to levels
aboveM€ M€ Var. % Var. %
General education 4,579.9 4,346.8 -5.1 -9.1 2007
Social protection 1,875.7 1,883.2 0.4 -5.5 2009
Health 9,063.2 8,628.7 -4.8 -10.2 2007
Security and civil protection 1,117.8 1,085.6 -2.9 -9.5 2008
Justice 848.0 817.3 -3.6 -12.2 2008
Social media 317.6 277.4 -12.7 -26.3 before 20062
Employment promotion 665.3 647.5 -2.7 -11.1 2009
Housing and other urban projects 256.2 179.0 -30.1 -41.6 2006
Running institutions and general administration 1,510.0 1,391.5 -7.8 -28.2 before 20062
Transportation 866.0 1,116.3 28.9 -11.0 2007
Rest of programs 5,554.8 5,679.6 2.2 -12.4 2006
Subtotal programs except debt expenditures 26,654.5 26,052.9 -2.3 -12.0
Public debt repayment and financial expenditures3 5,975.5 3,674.4 -38.5 26.1
Total Generalitat expenditures 32,630.0 29,727.3 -8.9 -8.6
1 Budget under the new structure of programs and spending policies (homogeneous comparisons).
2 The classification of expenditures in programs and policies starts in 2006. No comparable information available before 2006.
3 Includes debt payments, both capital and interests
In millions of euros
Budget Features
25
Generalitat’s non-financial revenues and expenditures evolutionInitial budget estimates in millions of euros
Source: Department of Economy and Knowledge.
12012 real assets disposals and dealerships are considered as non-recurrent revenues (€888.2 m).
1
10.000
15.000
20.000
25.000
30.000
35.000
2004 2005 2006 2007 2008 2009 2010 2011 2012
Non-financial revenues Non-financial expenditures 2012 non-financial revenues (without non-recurrent revenues)
Budget Features
26
2012
Generalitat non-financial revenues 24,332.9
Generalitat non-financial expendiures 27,219.0
Generalitat non-financial budget position -2,886.1
ESA ajustments1 146.0
Non-financial budget position in ESA terms -2,740.2
% deficit over GDP -1.30%
Deficit falls by 2,668.2 M€ compared with Budget 2011 (-49.3%)
Budget 2012 deficit (in ESA terms)In millions of euros
1 ESA adjustments include the result of the entities classified as Public Administration in ESA terms (PA-ESA) (€ -245.5 million), capital contributions of the Government to public entities not classified as PA-ESA
to offset losses from previous years and other transfers (-137.6 M€), other ESA adjustments (census, accrual adjustments, uncertain revenues, etc) (-104.8 M€ ) and the fifth part of the negative settlement of
the funding model years of years 2008 and 2009 (+138.1 M€ and +495.6 M€, respectively).
Budget Features
27
Generalitat public debt evolution (in ESA terms)
Source: Bank of Spain (2006-2010) and Department of Economy and Knowledge (impact of Budget 2011 and 2012).
In millions of euros
14,04314,863
19,659
24,189
32,974
38,531
41,676
1.8
5.8
32.3
23.0
36.3
16.9
8.2
0,0
5,0
10,0
15,0
20,0
25,0
30,0
35,0
40,0
0
5.000
10.000
15.000
20.000
25.000
30.000
35.000
40.000
45.000
2006Actual
2007Actual
2008Actual
2009Actual
2010Actual
2011 Budget
2012 Budget
Annual % change in public debt
Debt (M€)
Debt Annual % change in public debt
Budget Features
28
Factors affecting the deficit
Prudent revenue forecast
Revenue forecast is coherent with current macroeconomic weaknesses
Resources due from Central Government are not included in the Budget 2012
(Competitiveness fund, institutional loyalty and other additional resources)
Uncertainty about a possible review of advances from the funding model and a
possible slowdown of the economy have been taken into account by increasing the
Contingency fund
ESA adjustments variability
The final calculation of the deficit is conditioned by the ongoing review of the scope
and interpretation of the rules of the European System of Accounts (ESA)
Budget Features
29
Public sector consolidated budget
Public sector consolidated budget
30
Generalitat public sector entities included in the budget (current situation)
Number of entities1
2011 2012
Generalitat2 1 1
Catalan Healthcare Service, Catalan Institute
of Health and Catalan Institute of Assistance
and Social Service
3 3
Autonomous administrative entities 25 23
Autonomous commercial and financial entities 5 3
Public law companies 46 47
Trading companies 52 47
Consortiums 62 61
Foundations 46 43
Total entitats sector públic de la Generalitat 240 228
Other PA-ESA entities non-majority
shareholding28 26
Total entities 268 254
GC (Generalitat de Catalunya): Includes 12 departments, 5 non-departmental
funds and 6 high bodies.
PS (Generalitat public sector): Includes the Generalitat and all fully owned
entities, or those in which the government has a majority stake.
PA-ESA (Public administration in ESA terms): Includes the Generalitat and
all entities classified as Public Administration according to ESA regulations
(includes those in which the Generalitat does no have a majority stake).
1. Existing entities at the beginning of the fiscal yea r
2. See definitions at the box on the right hand side.
The Generalitat’s Government Plan states the
elaboration and implementation of a plan for the
simplification, redefinition and reduction of public
sector structure.
The goal of the Government Plan is to reduce by
2014 a minimum of 20-25% the number of entities
compared with 2010.
Currently , in 2012 budget, there is a 5% reduction
(12 entities) of the number entities and the fusion or
elimination of an additional 10% (23 entities) is
being processed.
Public sector consolidated budget
31
Generalitat public sector budgets1
In millions of euros
1Includes financial operations.
SubsectorsBudget 2011 Budget 2012 2012 / 2011 2012 / 2010
M€ M€ % var. % var.
Generalitat 32,630.0 29,727.3 -8.9 -8.6
Catalan Healthcare Service, Catalan Institute of Health
and Catalan Institute of Assistance and Social Services13,436.7 12,981.0 -3.4 -7.9
Autonomous administrative entities 785.3 714.5 -8.9 -22.7
Autonomous commercial and financial entities 131.2 24.1 -81.6 -82.5
Public law companies 5,466.8 6,182.4 13.1 -7.3
Trading companies 2,345.0 2,952.7 25.9 -2.4
Consortiums 3,506.6 3,199.9 -8.7 3.3
Foundation 705.3 707.5 0.3 9.2
Internal transfers -19,653.0 -19,465.0 -1.0 -9.1
Total consolidated 39,354.0 37,024.5 -5.9 -6.7
Public sector consolidated budget
32
Generalitat’s public sector revenues by chapterIn millions of euros
1 Variation is affected by the settlement for 2010 of the financing model (1090.3 M €).2 Sale of financial assets, repayment of loans and capital contributions received from outside the public sector3 Includes the refinancing of debt..
ChapterBudget 2011 Budget 2012 2012 / 2011
M€ % M€ % % var.
1. Direct taxes 8,358.5 21.2 8,116.3 21.9 -2.9
2. Indirect taxes 8,567.4 21.8 9,307.1 25.1 8.6
3. Fees, sales and other revenues 3,099.0 7.9 3,056.0 8.3 -1.4
4. Current transfers1 4,431.6 11.3 5,717.0 15.4 29.0
5. Property revenues 301.6 0.8 357.6 1.0 18.5
Current revenues 24,758.1 62.9 26,554.1 71.7 7.3
6. Real investments disposal 436.5 1.1 1,040.9 2.8 138.5
7. Capital transfers 988.5 2.5 341.7 0.9 -65.4
Capital revenues 1,425.0 3.6 1,382.6 3.7 -3.0
Total non-financial revenues 26,183.1 66.5 27,936.6 75.5 6.7
8. Financial assets2 1,019.3 2.6 1,331.7 3.6 30.7
Total revenues chapters 1 to 8 27,202.4 69.1 29,268.4 79.1 7.6
9. Financial liabilities (debt)3 12,151.6 30.9 7,756.1 20.9 -36.2
Total revenues 39,354.0 100.0 37,024.5 100.0 -5.9
Public sector consolidated budget
33
Generalitat’s public sector expenditures by chapterAmounts in millions of euros
1 Impact of mesures on public employee
2 Capital contributions to entities, lending and acquisition of other financial assets
3 Capital costs of debt repayment
ChapterBudget 2011 Budget 2012 2012 / 2011 2012 / 2010
M€ % M€ % % var. % var.
1. Employee compensation1 9,649.7 24.5 9,548.7 25.8 -1.0 -5.9
2. Current expend. on goods and services 8,316.4 21.1 7,936.1 21.4 -4.6 -6.8
3. Interests and financial fees 1,869.6 4.8 2,443.6 6.6 30.7 69.8
4. Current transfers 9,221.6 23.4 8,612.9 23.3 -6.6 -12.1
5. Contingency fund 39.0 0.1 250.0 0.7 541.0 66.7
Current expenditures 29,096.3 73.9 28,791.3 77.8 -1.0 -4.2
6. Real investments 2,231.0 5.7 1,900.8 5.1 -14.8 -54.3
7. Capital transfers 740.6 1.9 581.5 1.6 -21.5 -39.7
Capital expenditures 2,971.6 7.6 2,482.3 6.7 -16.5 -51.6
Total non-financial expenditures 32,067.9 81.5 31,273.6 84.5 -2.5 -11.1
8. Financial assets2 1,861.6 4.7 2,256.9 6.1 21.2 29.7
Total expenditures chapters 1 to 8 33,929.4 86.2 33,530.5 90.6 -1.2 -9.2
9. Financial liabilities3 5,424.6 13.8 3,493.9 9.4 -35.6 25.7
Total expenditures 39,354.0 100.0 37,024.5 100.0 -5.9 -6.7
Public sector consolidated budget
34
Evolution of annually executed investment (includes budgeted investments and
investments to be executed by others with deferred payment methods)In millions of euros
(1) Payments for investments already executed and financed by German methods are excluded.
1,297.8 1,367.61,567.4
1,795.6
2,222.42,450.4
2,715.7
4,294.9
4,691.94,454.5
5,205.7 5,235.34,970.6
2,951.6
2,132.4
2,450.4
3,138.2
5,096.3
5,682.6
5,068.7
5,865.5
6,322.1
6,020.8
3,881.6
2,779.6
0
1.000
2.000
3.000
4.000
5.000
6.000
7.000
8.000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Public sector budgeted investments Public sector budgeted investments + investments financed by deferred payment methods(1)
Public sector consolidated budget
35
Job positions1 included in the public sector consolidated budget
2010 2011 2012 2012/2011 2012/2010
homogeneous2 number % number %
Executive personnel 247 211 207 -4 -1.9 -40 -16.2
Temporary consulting personnel 303 203 201 -2 -1.0 -102 -33.7
Other executive personnel (public sector entities) 171 135 115 -20 -14.8 -56 -32.7
Subtotal executive and consulting personnel 721 549 523 -26 -4.7 -198 -27.5
Subtotal civil servants 168,332 168,113 167,965 -148 -0.1 -367 -0.2
Subtotal private regulation personnel 62,831 62,351 61,694 -657 -1.1 -1,137 -1.8
Total public sector 231,884 231,013 230,182 -831 -0.4 -1,702 -0.7
Number of job positions
1 Budgeted positions.2 Includes staff transferred in 2010 from the Labour Inspection (249), the increase of teachers in September 2010 (578) and the incorporation of several entities in the public sector scope. In sum it accounts for an increase
of 5,562 positions compared with January 2011
Public sector consolidated budget
36
Analysis of expenditure policies
Analysis of policies
37
Generalitat’s public sector expenditures by areasAmounts in millions of euros
Expenditure areas
Pressupost 2012 2012/2010
M€ % % var.
Institutions and general administration 1,544.5 4.6 -29.1
General public services (justice, security, foreign service) 2,001.9 6.0 -12.8
Social protection (welfare and employment) 2,718.4 8.1 -7.7
Public services –social (healthcare, education, housing, culture, etc.) 15,012.1 44.8 -13.2
Public services –economic (infrastructures and transportation, R+D+I, environment, social media, etc.) 4,531.5 13.5 -28.4
Productive sectors incentives and regulation (agriculture, industry, trade, tourism, business development,
official credit lines, etc) (1) 2,574.5 7.7 34.8
Financial support to local governments 2,897.7 8.6 7.7
Contingency fund 250.0 0.7 66.7
Public debt (interest) 1,999.9 6.0 78.5
Total expenditures chapters 1 to 8 33,530.5 100.0 -9.2
Financial liabilities (chapter 9) 3,493.9 10.4 25.7
Total expenditures chapters 1 to 9 37,024.5 -- -6.7
1 The increase of this expenditure area is mainly due to the increase, between 2011 and 2012, of the budget allocated to the program of Oficial credit, which is managed by the Catalan Institute of Finance
Analysis of policies
38
Macroeconomic framework
Macroeconomic framework
39
2010 2011 2012
GDP market prices (% real change) 0.1 0.7 0.8
GDP (M€) 209,727 214,403 219,321
GDP (% nominal change) 1.2 2.2 2.3
Internal demand1 -0.3 -1.3 0.1
Household consumption 1.7 0.5 0.9
Public sector consumption2 0.2 -2.9 -2.6
Investment3 -5.6 -5.1 0.1
Capital goods and others -1.5 -3.1 2.1
Construction -10.7 -7.3 -2.3
Foreign trade balance1 0.3 2.0 0.7
Foreign trade balance3 1.0 1.9 0.7
Exports of goods and services 12.6 9.1 4.8
Imports of goods and services 8.4 2.8 2.9
Balance with the rest of Spain3 -0.7 0.1 0.0
Prices
GDP Deflator 1.1 1.6 1.5
Mercat de treball
Jobs created (thousands)4 -64.1 -22.0 6.2
Jobs created (% change)4 -2.0 -0.7 0.2
Estimated unemployment rate (EPA) (% unemployed/active population) 17.8 18.6 18.5
Macroeconomic forecast - Catalonia% annual change –unless otherwise indicated
1. Contribution to growth.2. Includes non-profit household consumption.3. Includes stock variation.4. Full-time jobs.Source: IDESCAT and Department of Economy and Knowledge.
Macroeconomic framework
40
Real GDP% annual change
(pr) forecast
Spain forecasts correspond to those formulated by the European Commission.
Source IDESCAT, INE, European Commission and Department of Economy and Knowledge
3.4
2.6
3.33.7
3.2
3.8
3.3
0.1
-4.2
0.1
0.7 0.8
-5,0
-4,0
-3,0
-2,0
-1,0
0,0
1,0
2,0
3,0
4,0
5,0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 (pr) 2012 (pr)
Catalonia Spain* Euro zone
Macroeconomic framework
41
Internal and external demand% contribution to growth
(pr) forecast
Source: IDESCAT. External demand includes trading with other countries and the rest of Spain.
3.53.1
3.7
4.74.3
5.4
4.4
-1.0
-5.2
-0.3
-1.3
0.1
-0.1-0.5 -0.3
-1.0 -1.1-1.5
-1.2
1.1 1.0
0.3
2.0
0.7
-6,0
-4,0
-2,0
0,0
2,0
4,0
6,0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 (pr) 2012 (pr)
Internal demand External demand GDP
Macroeconomic framework
42
Imports and exports (foreign countries)% interannual change, 12-month average
Source: IDESCAT and Central Government Tax Agency.
Macroeconomic framework
-30,0
-20,0
-10,0
0,0
10,0
20,0
30,0
Exports Imports
43
Prices in Catalonia, Spain and the Eurozone% interannual change
Source: INE and Eurostat.
Macroeconomic framework
-1,5
-1,0
-0,5
0,0
0,5
1,0
1,5
2,0
2,5
3,0
3,5
4,0
4,5
5,0
5,5
6,0
Catalonia Spain Eurozone
44
Unemployment rate (EPA)% active population
(pr) forecast
Source: IDESCAT, INE, Eurostat, Department of Economy and Knowledge and European Commission.
Methodological changes in Catalonia and Spain series in 2001 and 2005.
Macroeconomic framework
18.8
17.1
14.4
10.7
8.9 8.6
10.1 10.0 9.7
7.06.6 6.5
9.0
16.2
17.8
18.6 18.5
5,0
7,5
10,0
12,5
15,0
17,5
20,0
22,5
25,0
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 (pr)
2012 (pr)
Catalonia Spain Eurozone
45
Catalonia’s industry production index% interannual change, 12-month average
Source: IDESCAT.
Macroeconomic framework
-30,0
-25,0
-20,0
-15,0
-10,0
-5,0
0,0
5,0
10,0
15,0
% interannual change 12-month average % interannual change
46
Foreign tourism and hotel overnights in Catalonia
Macroeconomic framework
% interannual change
Source: IDESCAT.
-30,0
-20,0
-10,0
0,0
10,0
20,0
30,0
40,0
Foreign tourism (tourists) Hotel overnights
47
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