Press Release 28/06/2019


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In 2017 the non-financial budgetary balance of the Basque Administrations was three times higher than in the previous year

The Basque Government posted a positive balance of 235 million euros for the first time since 2007

The total consolidated income of the Basque Administrations (made up of the Basque Government, the Provincial Councils and Municipal Administrations, together with their corresponding Autonomous Bodies and supra and infra-municipal Entities) rose to 18,150 million euros in 2017, which was a rise of 5.7% compared to the previous year, according to Eustat data. For its part, expenditure increased to 17,502 million, up 5.0%.

Focusing on non-financial operations, income also rose more than expenditure, with non-financial income posting a 7.5% rise and non-financial expenditure posting a 5.1% rise, and so the non-financial budgetary balance went from 200 million euros in 2016 to 599 million in 2017. Furthermore, the Basque Government attained a positive balance (+235 million euros), as was already the case in the provincial administrations of Álava, Bizkaia and Gipuzkoa.


Although income from financial operations fell by 13.9% in 2017 to 1,293 million euros, financial expenditure rose to 1,244 million euros with an increase of 4.5%.

The growth in non-financial income was the result of the positive trend in current income (8.3%), which further accounted for 93% of total income. Although its weight is small, income from capital operations registered a fall of 38.1%.

Tax revenues in 2017, which accounted for 83% of total income, practically all performed positively compared with the previous year, with a 9.2% growth rate. VAT and Income Tax stand out in terms of both volume and growth rates; income from VAT increased by 17.1%, with a 40.1% contribution to total tax revenues. Income Tax, with 9.2% growth, contributed 34.1%. Special Taxes came third, accounting for 9.7% of tax revenues and a 2.7% increase. Municipal Taxes and Other Taxes, albeit to a lesser degree, also posted increases, which totalled 0.9% and 8.4% respectively.


Other Current Income, which includes taxes, transfers and equity income, accounted for 10.8% of total income from current operations and registered a 1.0% increase.

As for expenditure, it was once again current expenditure that sustained the growth experienced by non-financial expenditure, rising by 4.7%. Within expenditure, Staff Expenditure, which accumulated 20.8% of the total, rose by 2%. Current Transfers, which represented 30.6% of total expenditure, increased by 9.7% compared to 2016, and, lastly, Other Current Expenditure rose by 2.1%.

Expenditure on Investments and Capital Transfers, however, which represented 8.9% of the total, rose by 8.3% compared with 2016, i.e. by 120 million euros.

By institutions, both the Basque Government and the provincial administrations (Provincial Councils and Local Entities) registered positive non-financial budgetary balances. Specifically, the Basque Government posted a positive balance of 235 million euros, an improvement of 636 million euros on the 2016 figure. The three provinces maintained positive balances, although those for Álava and Bizkaia were down on the previous year, whereas Gipuzkoa was up slightly.


The outstanding debt of the Basque Administrations stood at 11,653.3 million euros on 31 December 2017. The new liabilities acquired in 2017 increased to 1,249.3 million, while depreciations amounted to 1,020.0 million.

The outstanding debt of the Basque Government at the end of 2017 accounted for 77.9% of total outstanding debt, followed by Bizkaia (11.5%), Gipuzkoa (5.4%) and lastly Álava with the remaining 5.2%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: Tel: 945 01 75 62

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In 2017 the non-financial budgetary balance of the Basque Administrations was three times higher than in the previous year

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