In 2022, the GG sector presented a net borrowing of 944 million euro in 2022, corresponding to -0.4% of GDP (-2.9% in 2021 and -5.8% in 2020).

General government total revenue increased by 10.2% in 2022 (+9.8 billion euro) and the current revenue increased by 11.3% (approximately, +10.6 billion euro). The three main current revenue components increased at different paces, with the most significant rise belonging to current taxes on income and wealth (+24.1%).

Total expenditure increased by 4.4% between 2021 and 2022 (+4.5 billion euro), with capital expenditure increasing by 15.0%, clearly above the increase in current expenditure (+3.5%). The increase in current expenditure was mainly due to the 6.9% growth in social benefits, other than social transfers in kind and, to a lower extent, to the 3.5% growth in the compensation of employees. In the opposite direction, there was a reduction of nearly 40% in the subsidies paid and of 9.4% in interest payments. Capital expenditure grew in 2022 due to increases in both gross capital formation (7.5%) and capital transfers paid (+30.5%).