Government balance sheet; assets and liabilities
| Periods | Assets Non-financial assets AN1171 Research and development (million euros) |
|---|---|
| 2023* | 30,117 |
| Source: CBS. | |
Table explanation
This table contains information on the balance sheet of the general government sector. The balance sheet shows stock levels of assets and financial liabilities, as well as net worth of the general government sector. Assets are either financial (e.g. loans) or non-financial (e.g. non-residential buildings). The stock of assets equals the sum of the stock of financial liabilities and net worth. Stocks of assets and liabilities in this table are mostly valued at market value. This is the value of the asset or liability as if it were being acquired or sold on the date to which the balance sheet relates. When there are no observable market prices, estimates are made for the market value. Financial assets and liabilities that are not commonly traded on a market, such as cash, deposits, loans and other accounts receivable/payable are valued at nominal value.
The figures in this table are consolidated at the general government level. This means that stocks between units that both belong to the general government sector are eliminated.
The terms and definitions used are in accordance with the framework of the Dutch national accounts. National accounts are based on the international definitions of the European System of Accounts (ESA 2010). Small temporary differences with publications of the National Accounts may occur due to the fact that the government finance statistics are sometimes more up to date.
Data available from: 1995
Status of the figures:
The figures for the period 1995-2022 are final. The figures for 2023 are provisional.
Changes as of 23 September 2024:
Annual figures for 2023 are available.
The financial assets and liabilities and the net saving and capital transfers of general government for 2022 have been revised due to updated information.
In the context of the revision policy of the National accounts the annual figures from 1995 of the financial accounts of general government have been revised.
The annual figures for 2022 are final.
When will new figures be published?
New provisional data are published in July or August after the end of the reporting year. The previous provisional figures will become final and previous final figures can be revised at the same time. More information on the revision policy of National Accounts can be found under 'relevant articles' under paragraph 3.
Description topics
- Assets
- The assets recorded in the government balance sheet are economic assets. An economic asset is a store of value representing the benefits accruing to the economic owner by holding or using the entity over a period of time. It is a means of carrying forward value from one accounting period to another.
- Non-financial assets
- Non-financial assets are objects that have an economic value, on which property rights can be exerted and which do not have a financial character. In practice, this entails approximately all (non-financial) objects that can be sold. Examples of assets that cannot be sold are the sea and the air. Examples of assets that have a financial character are stocks and pensions. Non-financial assets consist of fixed assets, inventories, land and mineral reserves
- AN1171 Research and development
- R&D consists of expenditure on creative work that is systematically done for the purpose of enlarging the amount of knowledge, including knowledge of mankind, culture and society and the use of this knowledge to develop new applications. The value is determined on the basis of economic revenues which are expected in the future. Unless the value can be reasonably well determined, this value is set by agreement as the sum of costs, including the costs of unsuccessful research and development work. Research and development which will not provide benefits to its owner is classified as intermediate consumption.