Definition
In National Accounting terms, it is the resulting difference between the State’s resources and uses, both current and capital. It can also be defined as the difference between the net change in financial assets and the net change in the State’s liabilities.
Further information
This concept does not coincide with the cash surplus (+) or deficit (-), which records the differences between the State’s liquid revenues and liquid non-financial payments, in cash terms according to the budget settlement.
Links to data tables
Update date: January 2025
