World Economic Outlook Database, April 2013

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5. Report for Selected Countries and Subjects

You will find notes on the data and options to download the table below your results.
       Shaded cells indicate IMF staff estimates
CountrySubject DescriptorUnitsScaleCountry/Series-specific Notes2010201120122013
FranceGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2011
Fiscal assumptions: Projections for 2012 and beyond reflect the authorities’ 2012–17 multiyear budget, adjusted for fiscal packages and differences in assumptions on macro and financial variables, and revenue projections. The fiscal deficit remains unchanged for 2013 compared with the October 2012 figure. For 2012 it was revised from 4.7 percent of GDP to 4.6 percent because of preliminary data provided by the authorities during the 2012 Article IV Consultation. The underlying assumptions remain unchanged: the 2013 budget was available at the time of the October 2012 submission. The 2013 budget contains fiscal measures equivalent to 1.2 percent of GDP. Combined with the measures already taken in July 2012, total structural adjustment in 2013 is estimated by the IMF staff to be 1.3 percent of (potential) GDP (three-quarters of this adjustment as a result of revenue measures), following a 2012 structural adjustment expected to be close to 1 percent of potential GDP. The difference in the 2013 fiscal deficit between IMF staff figures (3.7 percent of GDP) and those of the authorities (3.0 percent of GDP) can be attributed to different growth projection (0.8 percent by the government and –0.1 percent by the IMF staff).
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 03/20131,095.6021,118.4281,147.6851,165.917
FranceGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).56.55356.01756.58656.567
ItalyGeneral government total expenditureNational currencyBillionsSource: National Statistical Office
Latest actual data: 2012
Fiscal assumptions: Fiscal projections incorporate the impact of the government’s announced fiscal adjustment package, as outlined in the September 2012 update to the Documento di Economia e Finanza and the 2013 Budget. The estimates for the 2012 outturn are preliminary. The IMF staff projections are based on the authorities’ estimates of the policy scenario and are adjusted mainly for differences in macroeconomic assumptions—they do not include the impact of the government’s proposal to clear payment arrears. After 2015, projections are made on the basis of unchanged policies, assuming a constant structural primary balance.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 04/2013782.043786.250793.817792.845
ItalyGeneral government total expenditurePercent of GDP See notes for: 
General government total expenditure (National currency).50.39349.81050.69350.757
Notes
  Country/Series-specific Notes  
  France: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2011
Fiscal assumptions: Projections for 2012 and beyond reflect the authorities’ 2012–17 multiyear budget, adjusted for fiscal packages and differences in assumptions on macro and financial variables, and revenue projections. The fiscal deficit remains unchanged for 2013 compared with the October 2012 figure. For 2012 it was revised from 4.7 percent of GDP to 4.6 percent because of preliminary data provided by the authorities during the 2012 Article IV Consultation. The underlying assumptions remain unchanged: the 2013 budget was available at the time of the October 2012 submission. The 2013 budget contains fiscal measures equivalent to 1.2 percent of GDP. Combined with the measures already taken in July 2012, total structural adjustment in 2013 is estimated by the IMF staff to be 1.3 percent of (potential) GDP (three-quarters of this adjustment as a result of revenue measures), following a 2012 structural adjustment expected to be close to 1 percent of potential GDP. The difference in the 2013 fiscal deficit between IMF staff figures (3.7 percent of GDP) and those of the authorities (3.0 percent of GDP) can be attributed to different growth projection (0.8 percent by the government and –0.1 percent by the IMF staff).
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 03/2013


France: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


Italy: General government total expenditure (National currency)
Source: National Statistical Office
Latest actual data: 2012
Fiscal assumptions: Fiscal projections incorporate the impact of the government’s announced fiscal adjustment package, as outlined in the September 2012 update to the Documento di Economia e Finanza and the 2013 Budget. The estimates for the 2012 outturn are preliminary. The IMF staff projections are based on the authorities’ estimates of the policy scenario and are adjusted mainly for differences in macroeconomic assumptions—they do not include the impact of the government’s proposal to clear payment arrears. After 2015, projections are made on the basis of unchanged policies, assuming a constant structural primary balance.
Start/end months of reporting year: January/December
GFS Manual used: 2001
Basis of recording: Noncash (accrual)
General government includes: Central Government;Local Government;Social Security Funds;State Government;
Valuation of public debt: Nominal value
Primary domestic currency: Euros
Data last updated: 04/2013


Italy: General government total expenditure (Percent of GDP)
See notes for:
General government total expenditure (National currency).


 
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