In political terms, an entity consisting of – a delimited territory (national territory), – a population living in it (citizenship), and – a network of bodies capable of making binding decisions. – In economic terms, public entities (local authorities, social security institutions, labor administration) that operate their own budgets based on compulsory levies (taxes, duties). – At the ECB, as in the system of national accounts, the term “general government” covers the central state, the territorial entities (Länder) and the regional administrative bodies (Kreise, Kreisverbände, Städte) as well as all units that are financed primarily by compulsory levies. – See fiscal science, regional administrative bodies, parafiscus, agencies, public. – Cf. 2006 Annual Report of the Deutsche Bundesbank, p. 64 (overview 2009-2011), 2011 Annual Report of the Deutsche Bundesbank, p. 59 (the general government in the national accounts) and the respective Annual Report of the Deutsche Bundesbank. For more detailed information on revenues and expenditures in the individual euro area countries, please refer to the annex “Euro area statistics,” section “Public finances” subheading “Revenues, expenditures and net lending/net borrowing” in the respective ECB Monthly Bulletin.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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