The European system of national and regional accounts (ESA 2010), European system of accounts - ESA 2010 - Products Manuals and Guidelines - Eurostat) represents the methodological framework applied by European Union Member States in the production of Government Finance Statistics (GFS)as an integral part of the national accounts statistics. The methodology related to government finance statistics is continuously supplemented with additional methodological guidelines and instructions prescribed by the European Commission and Eurostat.

A uniform methodology at the EU level is essential to ensure the production of harmonized, comparable, reliable, and up-to-date economic statistics.

According to the sectoral classification, the General Government Sector (S.13) consists of institutional units that are non-market producers whose output is intended for individual and collective consumption. The general government sector consists of three sub-sectors: central government (S.1311), local government (S.1313) and social security funds (S.1314).

1. Excessive Deficit Procedure (EDP)

Fiscal surveillance of EU Member States is conducted by the European Commission based on EDP notifications regarding the excessive government deficit and the level of general government debt which Member States submit to Eurostat in accordance with the provisions of Council Regulation (EC) No 479/2009 (Regulation - 479/2009 - EN - EUR-Lex).

The reporting is designed to ensure a consistent framework, providing links between national budgetary aggregates, the government deficit and changes in government debt.

Under the Maastricht Treaty, two main fiscal surveillance criteria were established: the general government deficit-to-GDP ratio must not exceed 3%, and the consolidated general government gross debt-to-GDP ratio must not exceed 60%.

Within the scope of EDP reporting, the Central Bank of Bosnia and Herzegovina produces:

EDP Annex 1

These tables present the general government surplus (+)/deficit (–), referred to in national accounts as net lending (+)/net borrowing (–) (B.9). The tables also include an overview of the general government debt according to the Maastricht criteria and the Gross Domestic Product (GDP). Data are presented by subsectors of the general government sector, and for the total general government sector.

2. European System of Accounts (ESA 2010)

In addition to the methodological guidelines as part of the ESA 2010, a prescribed data transmission program was developed - ESA 2010 Transmission Program, which consists of a series of tables that are submitted to Eurostat in accordance with pre-defined table formats and delivery deadlines (European system of accounts - ESA 2010 - Transmission programme of data (multilingual) - Products Manuals and Guidelines - Eurostat).

The Central Bank of Bosnia and Herzegovina, within the framework of government finance statistics reporting compiles:

Table 2 – Main aggregates of general government

Statistics on the non-financial accounts of the general government sector are presented in Table 2 – Main aggregates of general government, within the data of the ESA 2010 Transmission Programme. On an annual basis, this table presents the balancing item net lending (+) / net borrowing (–), which represents the difference between total revenue and total expenditure, and indicates the amount the government has available for lending or needs to borrow in order to finance its non-financial operations.

Table 9 – Taxes and social contributions

Within the ESA 2010 Transmission Programme, Table 9 – Detailed breakdown of taxes and social contributions provides details classified by type of tax or social contribution.