the total amount of taxes and levies payable to the public budgets – federal, state and local governments – and to social security institutions as compulsory contributions, as a percentage of gross domestic product. – See Revenue Ratio. – See Crowding out, Fiscal Drag. – Cf. corresponding figures for the euro area in the annex “Euro area statistics,” heading “Public finances,” subheading “Revenues, expenditures and net lending/net borrowing” in the respective ECB Monthly Bulletin.
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