The article deals with the treatment of the government in the new version of the European System of Accounts (ESA 1995). lt shows the sectorization, the definition of government revenues and expenditures, and the recording of government transactions in the generation, distribution and use of...

The standardisation of the European systems of national accounts has progressed significantly in recent years. Some room for interpretation remains in regard to some accounting standards, the periodicity of the data, and the quality of the forecasts of budget deficits. Yet national accounts data...