Government finance statistics: currency & deposits
The general government financial accounts published by Eurostat cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. Governments hold currency and deposit assets (stocks) such as money in bank accounts and cash reserves to make daily payments. In the first quarter of 2023, currency and deposits amounted to €1 278 billion and represented 19.5% of total EU general government financial assets. This information comes from data on quarterly government finance published by Eurostat today. The article presents a handful of findings from the more detailed Statistics Explained article . Currency and deposit assets tend to decline at the end of the fourth quarter of each year. In some budgetary systems, there are efforts to execute payments by the end of the year, thus shortening the balance sheet. With excess deposits, governments can also decrease their gross debt, for example, by (re)purchasing government bonds. Hold
