Cumulative cash receipts compared to budget estimates

These tables show the most recent achievements of the cumulative receipts on a cash basis for the current year. These outputs are compared with the most recent estimates of revenue on an annual basis and with the situation of the previous year. These tables show cash receipts and estimates based on ESAs, as these concepts are set out in the general outline of the federal budget. This refers to all tax revenues collected by the FPS Finance, including revenues that are then transferred to other public authorities or institutions, with the exception of local authorities. As indicated, receipts on a cash basis follow Belgian budgetary practices which deviate from the ESA-2010 classification included in the National Accounts and the ‘Detailed Inventories of Taxes’ (European Commission) among others. For the estimation of the most important categories of income (personal, corporate, VAT and excise taxes), a disaggregated macro-economic model is used. The estimates are based on estimates of the explanatory variables (or economic parameters) issued by the Federal Planning Bureau (FPB) and the (probable) receipts for the previous and current year. The revenue used as a starting point is complete and secure (in the case of an adapted budget) or partial (in the case of an initial budget), depending on the timing of the budget estimates. For the estimates, cash receipts for the months carried out are converted into receipts on an ESA basis. For direct taxes, this implies that cash receipts are linked to the time of enrolment. In addition, technical corrections are applied in particular and account is taken of the impact of new fiscal measures taken during the most recent or previous budget conclaves. These are both tax and non-tax revenues collected by the FPS Finance, as well as revenues that are then transferred to other public authorities or institutions. In tab 1, tax revenue is broken down, where applicable, into current revenue and capital revenue. The table includes the overall overview of total revenue (I), revenue ceded to the EU (II), revenue for financing the Regions & Communities (III), revenue assigned to social security (IV), revenue transferred to the other institutions (V) and finally, Ways and Means (VI). The latter category is calculated as the difference between (I) and the sum of (II to V). In tab 2 is represented in detail the total receipts (I of tab 1). Current tax revenues are classified as direct taxes (1.1), customs and excises (1.2) and VAT and registration (1.3). Each of these three categories is then further broken down by type of tax. In tab 3, all revenue transferred, assigned and allocated by beneficiary is displayed: EU, Regions & Communities, social security and 'other'. For each of these beneficiaries, the amount transferred is broken down by type of tax. In the case of transfers to ‘others’, the beneficiaries are also specified. The table in Tab 4 has the same structure as in Tab 2. However, we do not find here the total revenues, but the Ways and Means. These are the means that remain available to the federal authorities after all transfers.