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European government finances

Government spending and revenue in the EU

What governments spend, what they receive, and the balance between the two. Compare the size of public finances across Europe and follow how it changes over time.

Official Eurostat annual data · calculations by EU Debt Map · Reporting year: 2025

EU27 · Eurostat aggregate

Government expenditure · % GDP
49.5%
€9.32T
Government revenue · % GDP
46.4%
€8.74T
Annual accounts balance · % GDP
-3.1%
-€577.71B

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The map and ranking show the selected GDP ratio. Select a country to compare expenditure, revenue and the fiscal balance together.

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  • Below 35%
  • 35% to below 45%
  • 45% to below 55%
  • 55% or more
  • No data

Spending and revenue colours describe scale, not efficiency or fiscal health. For balances, −3% is the EU reference value, not an automatic legal verdict.

EU27 · Eurostat aggregate · 2025

Expenditure / GDP
49.5%
Revenue / GDP
46.4%
Balance / GDP
-3.1%

The EU benchmark uses Eurostat’s published EU27 total and GDP ratios, not a simple average of country percentages. It is not the budget of the EU institutions.

Netherlands · 2025

44.9%p

Expenditure / GDP

Government expenditure
44.9%p€529.09Bp
Government revenue
43.3%p€510.20Bp
Annual accounts balance
-1.6%p-€18.90Bp
Difference from EU (pp) · Expenditure / GDP
-4.6 ppp
EU rank · Expenditure / GDP
19 / 27
Explore this country’s government finances →

Expenditure and revenue over time · Netherlands

2015–2025

Revenue − expenditure = net lending (+) / net borrowing (−). The balance shown here is the published B9 from the same annual accounts, not a subtraction of rounded percentages.

Netherlands: expenditure/GDP changed by +0.5 pp and revenue/GDP by -0.3 pp, from 2024 to 2025.

Expenditure and revenue · % GDP · Netherlands
  • Government expenditure
  • Government revenue
41.2%45.0%48.7%Government expenditure · 2015: 45.2%Government expenditure · 2016: 43.9%Government expenditure · 2017: 42.7%Government expenditure · 2018: 42.4%Government expenditure · 2019: 42.1%Government expenditure · 2020: 47.8%Government expenditure · 2021: 45.9%Government expenditure · 2022: 43.3%Government expenditure · 2023: 44.0%Government expenditure · 2024: 44.4%Government expenditure · 2025: 44.9% pGovernment revenue · 2015: 43.4%Government revenue · 2016: 44.1%Government revenue · 2017: 44.1%Government revenue · 2018: 43.9%Government revenue · 2019: 44.0%Government revenue · 2020: 44.1%Government revenue · 2021: 43.6%Government revenue · 2022: 43.3%Government revenue · 2023: 43.7%Government revenue · 2024: 43.6%Government revenue · 2025: 43.3% p20152025
Annual balance · % GDP · Netherlands
-4.5%-0.9%2.7%Annual accounts balance · 2015: -1.8%Annual accounts balance · 2016: 0.2%Annual accounts balance · 2017: 1.4%Annual accounts balance · 2018: 1.5%Annual accounts balance · 2019: 1.9%Annual accounts balance · 2020: -3.7%Annual accounts balance · 2021: -2.3%Annual accounts balance · 2022: 0.0%Annual accounts balance · 2023: -0.3%Annual accounts balance · 2024: -0.7%Annual accounts balance · 2025: -1.6% p20152025

Expenditure and revenue share one scale; the balance has its own scale and a zero line. Axes may start above or below zero. Gaps and marked breaks are not connected. Exact amounts, ratios and source flags are in the table.

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Netherlands · 2015–2025 · gov_10a_main
Reporting yearGovernment expenditure (€)Expenditure / GDP (%)Government revenue (€)Revenue / GDP (%)Annual accounts balance (€)Balance / GDP (%)
2015€316,324,000,00045.2%€303,558,000,00043.4%-€12,766,000,000-1.8%
2016€316,125,000,00043.9%€317,847,000,00044.1%€1,722,000,0000.2%
2017€320,928,000,00042.7%€331,188,000,00044.1%€10,260,000,0001.4%
2018€334,143,000,00042.4%€345,837,000,00043.9%€11,694,000,0001.5%
2019€349,457,000,00042.1%€365,187,000,00044.0%€15,730,000,0001.9%
2020€390,320,000,00047.8%€360,000,000,00044.1%-€30,320,000,000-3.7%
2021€409,251,000,00045.9%€389,062,000,00043.6%-€20,189,000,000-2.3%
2022€429,980,000,00043.3%€430,021,000,00043.3%€41,000,0000.0%
2023€462,169,000,00044.0%€458,557,000,00043.7%-€3,612,000,000-0.3%
2024€497,477,000,00044.4%€489,402,000,00043.6%-€8,075,000,000-0.7%
2025€529,090,000,000p44.9%p€510,195,000,000p43.3%p-€18,895,000,000p-1.6%p

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Compare the 27 national accounts

Highest selected values first; tied displayed values share a rank (1, 2, 2, 4). Searching preserves EU rank. Changes and differences use percentage points (pp). A high expenditure or revenue rank is not a quality score.

Countries shown: 27 / 27

Government expenditure (% GDP) · 2025
EU rankCountryExpenditure / GDP (%)2025Revenue / GDP (%)2025Balance / GDP (%)2025Previous year · Expenditure / GDP (%)2024Annual change (pp)Difference from EU (pp)
1FinlandFI57.7%53.9%-3.9%57.8%-0.1 pp+8.2 pp
2FranceFR57.2%52.1%-5.1%57.0%+0.2 pp+7.7 pp
3AustriaAT55.2%51.0%-4.2%55.3%-0.1 pp+5.7 pp
4BelgiumBE54.2%p49.0%p-5.2%p54.1%p+0.1 ppp+4.7 ppp
5ItalyIT51.2%48.1%-3.1%50.4%+0.8 pp+1.7 pp
6PolandPL50.9%43.6%-7.3%49.2%+1.7 pp+1.4 pp
7GermanyDE50.5%47.9%-2.7%49.4%+1.1 pp+1.0 pp
8CroatiaHR50.1%47.1%-3.0%48.4%+1.7 pp+0.6 pp
9SwedenSE49.9%48.5%-1.4%50.5%-0.6 pp+0.4 pp
10SloveniaSI49.6%47.1%-2.5%46.5%+3.1 pp+0.1 pp
11LuxembourgLU49.1%47.1%-2.0%46.8%+2.3 pp-0.4 pp
12GreeceGR48.3%50.0%1.7%48.1%+0.2 pp-1.2 pp
13DenmarkDK48.1%51.1%3.0%47.4%+0.7 pp-1.4 pp
14SlovakiaSK47.9%43.5%-4.5%47.4%+0.5 pp-1.6 pp
15HungaryHU47.3%42.6%-4.7%47.3%0.0 pp-2.2 pp
16LatviaLV46.1%43.6%-2.5%45.3%+0.8 pp-3.4 pp
17EstoniaEE45.4%43.4%-2.0%44.0%+1.4 pp-4.1 pp
18SpainES45.3%42.9%-2.4%45.5%-0.2 pp-4.2 pp
19NetherlandsNL44.9%p43.3%p-1.6%p44.4%+0.5 ppp-4.6 ppp
20RomaniaRO43.3%35.4%-7.9%43.3%0.0 pp-6.2 pp
21CzechiaCZ43.2%41.0%-2.1%43.2%0.0 pp-6.3 pp
22PortugalPT42.7%43.4%0.7%42.4%+0.3 pp-6.8 pp
23BulgariaBG41.7%38.1%-3.5%39.2%+2.5 pp-7.8 pp
24LithuaniaLT41.2%39.4%-1.8%39.4%+1.8 pp-8.3 pp
25CyprusCY40.2%43.6%3.4%38.3%+1.9 pp-9.3 pp
26MaltaMT37.0%34.8%-2.2%37.2%-0.2 pp-12.5 pp
27IrelandIE21.0%22.8%1.8%22.3%-1.3 pp-28.5 pp

Government expenditure (% GDP) · 2025

  1. 1FinlandFI57.7%
    Revenue / GDP (%) · 2025
    53.9%
    Balance / GDP (%) · 2025
    -3.9%
    Previous year · Expenditure / GDP (%) · 2024
    57.8%
    Annual change (pp)
    -0.1 pp
    Difference from EU (pp)
    +8.2 pp
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  2. 2FranceFR57.2%
    Revenue / GDP (%) · 2025
    52.1%
    Balance / GDP (%) · 2025
    -5.1%
    Previous year · Expenditure / GDP (%) · 2024
    57.0%
    Annual change (pp)
    +0.2 pp
    Difference from EU (pp)
    +7.7 pp
    Explore this country’s government finances →
  3. 3AustriaAT55.2%
    Revenue / GDP (%) · 2025
    51.0%
    Balance / GDP (%) · 2025
    -4.2%
    Previous year · Expenditure / GDP (%) · 2024
    55.3%
    Annual change (pp)
    -0.1 pp
    Difference from EU (pp)
    +5.7 pp
    Explore this country’s government finances →
  4. 4BelgiumBE54.2%p
    Revenue / GDP (%) · 2025
    49.0%p
    Balance / GDP (%) · 2025
    -5.2%p
    Previous year · Expenditure / GDP (%) · 2024
    54.1%p
    Annual change (pp)
    +0.1 ppp
    Difference from EU (pp)
    +4.7 ppp
    Explore this country’s government finances →
  5. 5ItalyIT51.2%
    Revenue / GDP (%) · 2025
    48.1%
    Balance / GDP (%) · 2025
    -3.1%
    Previous year · Expenditure / GDP (%) · 2024
    50.4%
    Annual change (pp)
    +0.8 pp
    Difference from EU (pp)
    +1.7 pp
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  6. 6PolandPL50.9%
    Revenue / GDP (%) · 2025
    43.6%
    Balance / GDP (%) · 2025
    -7.3%
    Previous year · Expenditure / GDP (%) · 2024
    49.2%
    Annual change (pp)
    +1.7 pp
    Difference from EU (pp)
    +1.4 pp
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  7. 7GermanyDE50.5%
    Revenue / GDP (%) · 2025
    47.9%
    Balance / GDP (%) · 2025
    -2.7%
    Previous year · Expenditure / GDP (%) · 2024
    49.4%
    Annual change (pp)
    +1.1 pp
    Difference from EU (pp)
    +1.0 pp
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  8. 8CroatiaHR50.1%
    Revenue / GDP (%) · 2025
    47.1%
    Balance / GDP (%) · 2025
    -3.0%
    Previous year · Expenditure / GDP (%) · 2024
    48.4%
    Annual change (pp)
    +1.7 pp
    Difference from EU (pp)
    +0.6 pp
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  9. 9SwedenSE49.9%
    Revenue / GDP (%) · 2025
    48.5%
    Balance / GDP (%) · 2025
    -1.4%
    Previous year · Expenditure / GDP (%) · 2024
    50.5%
    Annual change (pp)
    -0.6 pp
    Difference from EU (pp)
    +0.4 pp
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  10. 10SloveniaSI49.6%
    Revenue / GDP (%) · 2025
    47.1%
    Balance / GDP (%) · 2025
    -2.5%
    Previous year · Expenditure / GDP (%) · 2024
    46.5%
    Annual change (pp)
    +3.1 pp
    Difference from EU (pp)
    +0.1 pp
    Explore this country’s government finances →
  11. 11LuxembourgLU49.1%
    Revenue / GDP (%) · 2025
    47.1%
    Balance / GDP (%) · 2025
    -2.0%
    Previous year · Expenditure / GDP (%) · 2024
    46.8%
    Annual change (pp)
    +2.3 pp
    Difference from EU (pp)
    -0.4 pp
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  12. 12GreeceGR48.3%
    Revenue / GDP (%) · 2025
    50.0%
    Balance / GDP (%) · 2025
    1.7%
    Previous year · Expenditure / GDP (%) · 2024
    48.1%
    Annual change (pp)
    +0.2 pp
    Difference from EU (pp)
    -1.2 pp
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  13. 13DenmarkDK48.1%
    Revenue / GDP (%) · 2025
    51.1%
    Balance / GDP (%) · 2025
    3.0%
    Previous year · Expenditure / GDP (%) · 2024
    47.4%
    Annual change (pp)
    +0.7 pp
    Difference from EU (pp)
    -1.4 pp
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  14. 14SlovakiaSK47.9%
    Revenue / GDP (%) · 2025
    43.5%
    Balance / GDP (%) · 2025
    -4.5%
    Previous year · Expenditure / GDP (%) · 2024
    47.4%
    Annual change (pp)
    +0.5 pp
    Difference from EU (pp)
    -1.6 pp
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  15. 15HungaryHU47.3%
    Revenue / GDP (%) · 2025
    42.6%
    Balance / GDP (%) · 2025
    -4.7%
    Previous year · Expenditure / GDP (%) · 2024
    47.3%
    Annual change (pp)
    0.0 pp
    Difference from EU (pp)
    -2.2 pp
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  16. 16LatviaLV46.1%
    Revenue / GDP (%) · 2025
    43.6%
    Balance / GDP (%) · 2025
    -2.5%
    Previous year · Expenditure / GDP (%) · 2024
    45.3%
    Annual change (pp)
    +0.8 pp
    Difference from EU (pp)
    -3.4 pp
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  17. 17EstoniaEE45.4%
    Revenue / GDP (%) · 2025
    43.4%
    Balance / GDP (%) · 2025
    -2.0%
    Previous year · Expenditure / GDP (%) · 2024
    44.0%
    Annual change (pp)
    +1.4 pp
    Difference from EU (pp)
    -4.1 pp
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  18. 18SpainES45.3%
    Revenue / GDP (%) · 2025
    42.9%
    Balance / GDP (%) · 2025
    -2.4%
    Previous year · Expenditure / GDP (%) · 2024
    45.5%
    Annual change (pp)
    -0.2 pp
    Difference from EU (pp)
    -4.2 pp
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  19. 19NetherlandsNL44.9%p
    Revenue / GDP (%) · 2025
    43.3%p
    Balance / GDP (%) · 2025
    -1.6%p
    Previous year · Expenditure / GDP (%) · 2024
    44.4%
    Annual change (pp)
    +0.5 ppp
    Difference from EU (pp)
    -4.6 ppp
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  20. 20RomaniaRO43.3%
    Revenue / GDP (%) · 2025
    35.4%
    Balance / GDP (%) · 2025
    -7.9%
    Previous year · Expenditure / GDP (%) · 2024
    43.3%
    Annual change (pp)
    0.0 pp
    Difference from EU (pp)
    -6.2 pp
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  21. 21CzechiaCZ43.2%
    Revenue / GDP (%) · 2025
    41.0%
    Balance / GDP (%) · 2025
    -2.1%
    Previous year · Expenditure / GDP (%) · 2024
    43.2%
    Annual change (pp)
    0.0 pp
    Difference from EU (pp)
    -6.3 pp
    Explore this country’s government finances →
  22. 22PortugalPT42.7%
    Revenue / GDP (%) · 2025
    43.4%
    Balance / GDP (%) · 2025
    0.7%
    Previous year · Expenditure / GDP (%) · 2024
    42.4%
    Annual change (pp)
    +0.3 pp
    Difference from EU (pp)
    -6.8 pp
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  23. 23BulgariaBG41.7%
    Revenue / GDP (%) · 2025
    38.1%
    Balance / GDP (%) · 2025
    -3.5%
    Previous year · Expenditure / GDP (%) · 2024
    39.2%
    Annual change (pp)
    +2.5 pp
    Difference from EU (pp)
    -7.8 pp
    Explore this country’s government finances →
  24. 24LithuaniaLT41.2%
    Revenue / GDP (%) · 2025
    39.4%
    Balance / GDP (%) · 2025
    -1.8%
    Previous year · Expenditure / GDP (%) · 2024
    39.4%
    Annual change (pp)
    +1.8 pp
    Difference from EU (pp)
    -8.3 pp
    Explore this country’s government finances →
  25. 25CyprusCY40.2%
    Revenue / GDP (%) · 2025
    43.6%
    Balance / GDP (%) · 2025
    3.4%
    Previous year · Expenditure / GDP (%) · 2024
    38.3%
    Annual change (pp)
    +1.9 pp
    Difference from EU (pp)
    -9.3 pp
    Explore this country’s government finances →
  26. 26MaltaMT37.0%
    Revenue / GDP (%) · 2025
    34.8%
    Balance / GDP (%) · 2025
    -2.2%
    Previous year · Expenditure / GDP (%) · 2024
    37.2%
    Annual change (pp)
    -0.2 pp
    Difference from EU (pp)
    -12.5 pp
    Explore this country’s government finances →
  27. 27IrelandIE21.0%
    Revenue / GDP (%) · 2025
    22.8%
    Balance / GDP (%) · 2025
    1.8%
    Previous year · Expenditure / GDP (%) · 2024
    22.3%
    Annual change (pp)
    -1.3 pp
    Difference from EU (pp)
    -28.5 pp
    Explore this country’s government finances →

Source codes are retained: p = provisional, e = estimated, b = break in series, d = different definition. Calculations inherit source uncertainty. Changes crossing b/d flags are not shown; forecasts are excluded. Other supplied codes remain visible. Revisions are possible without a flag.

Read the two sides of government finances

What counts as expenditure?

The annual accounts cover the whole general government sector, including public services, benefits, investment and interest. The GDP ratio compares expenditure with the size of the economy; it is not the share of output produced by government or a measure of service quality.

Interest expenditure is already included in total expenditure. Do not add the interest figure again.

Compare government interest costs →

What counts as revenue?

Revenue includes taxes, social contributions and other receipts. Borrowing is not government revenue. Spending above revenue produces a deficit; revenue above spending produces a surplus. Debt can also change through financial transactions and other adjustments.

Compare EDP budget balances →

Official Eurostat annual data · calculations by EU Debt Map

Sources, calculations and reconciliation

Source: Eurostat, gov_10a_main. Visualisation and comparisons by EU Debt Map. Eurostat does not endorse this independent website.

Eurostat
gov_10a_main
Historical coverage
2015–2025
Updated by Eurostat
Accessed

Annual ESA 2010 accounts (A), general government (S13), total expenditure (TE), total revenue (TR), and net lending/net borrowing (B9), in MIO_EUR and PC_GDP. The S13 totals are consolidated within government; summing its subsectors would double-count some flows.

Revenue − expenditure = net lending (+) / net borrowing (−). The balance shown here is the published B9 from the same annual accounts, not a subtraction of rounded percentages.

Euro amounts = MIO_EUR × 1,000,000. GDP ratios are published Eurostat values. Changes compare exact calendar years; EU gaps subtract the same-year official EU ratio. Calculated differences inherit source flags and are rounded only for display.

The EU benchmark uses Eurostat’s published EU27 total and GDP ratios, not a simple average of country percentages. It is not the budget of the EU institutions.

Amounts are nominal, without inflation adjustment. Eurostat converts annual national-currency flows using annual-average exchange rates; euro-area historical figures may use fixed conversion rates. Exchange rates can affect comparisons in euros.

— means missing or not comparable. A missing year is never replaced by a nearby year; changes across marked breaks are withheld.

Source codes are retained: p = provisional, e = estimated, b = break in series, d = different definition. Calculations inherit source uncertainty. Changes crossing b/d flags are not shown; forecasts are excluded. Other supplied codes remain visible. Revisions are possible without a flag.

Methodology · Eurostat

Before publication, revenue minus expenditure is checked against B9, allowing at most €1.5 million or 0.15 percentage points for the three independently rounded inputs. Official EU monetary totals are checked against the country sums. Published figures are never altered to force agreement.

An explicit refresh retrieves all six series together, with matching reporting periods and source update times. Country and EU coverage, units, flags, identities and revision safeguards are validated before replacing the local data. Normal visits and builds do not fetch live statistics.

Why can the deficit page show a different balance?

This page uses gov_10a_main annual accounts. The deficit page retains its separately dated gov_10dd_edpt1 EDP release. Eurostat notes that reporting times and GDP versions can differ. The entries below show the observed differences; they do not establish the reason for each country’s revision.

Annual accounts · gov_10a_main · Updated by Eurostat
21 July 2026
EDP · gov_10dd_edpt1 · Updated by Eurostat
21 October 2026
Annual accounts · gov_10a_main · Accessed
6 September 2026
EDP · gov_10dd_edpt1 · Accessed
21 October 2026
Different latest-year balances · 2025
CountryReporting yeargov_10a_main (%)gov_10dd_edpt1 (%)Δ (pp)
Austria2025-4.2%-4.1%-0.1 pp
Bulgaria2025-3.5%-4.0%+0.5 pp
Cyprus2025+3.4%+3.6%-0.2 pp
Czechia2025-2.1%-2.2%+0.1 pp
Denmark2025+3.0%+2.9%+0.1 pp
Finland2025-3.9%-3.8%-0.1 pp
Germany2025-2.7%-2.9%+0.2 pp
Greece2025+1.7%+2.0%-0.3 pp
Luxembourg2025-2.0%-1.8%-0.2 pp
Malta2025-2.2%-2.1%-0.1 pp
Poland2025-7.3%-7.2%-0.1 pp
Romania2025-7.9%-7.8%-0.1 pp
Slovakia2025-4.5%-4.4%-0.1 pp
Sweden2025-1.4%-1.6%+0.2 pp
All observed historical differences
2015–2025
CountryReporting yeargov_10a_main (%)gov_10dd_edpt1 (%)Δ (pp)
Austria2025-4.2%-4.1%-0.1 pp
Bulgaria2025-3.5%-4.0%+0.5 pp
Croatia2017+0.6%+0.5%+0.1 pp
Croatia2019+0.2%+0.1%+0.1 pp
Croatia2023-1.1%-1.2%+0.1 pp
Croatia2024-2.3%-2.5%+0.2 pp
Cyprus2024+4.1%+4.0%+0.1 pp
Cyprus2025+3.4%+3.6%-0.2 pp
Czechia2022-3.1%-3.0%-0.1 pp
Czechia2025-2.1%-2.2%+0.1 pp
Denmark2024+4.2%+4.1%+0.1 pp
Denmark2025+3.0%+2.9%+0.1 pp
Estonia2022-0.9%-1.0%+0.1 pp
Estonia2024-1.1%-1.6%+0.5 pp
Finland2023-2.9%-3.0%+0.1 pp
Finland2024-4.3%-4.4%+0.1 pp
Finland2025-3.9%-3.8%-0.1 pp
Germany2020-4.4%-4.3%-0.1 pp
Germany2023-2.5%-2.2%-0.3 pp
Germany2025-2.7%-2.9%+0.2 pp
Greece2021-7.2%-7.3%+0.1 pp
Greece2022-2.6%-2.7%+0.1 pp
Greece2023-1.4%-1.5%+0.1 pp
Greece2024+1.3%+1.4%-0.1 pp
Greece2025+1.7%+2.0%-0.3 pp
Ireland2022+1.7%+1.6%+0.1 pp
Ireland2024+4.1%+4.2%-0.1 pp
Latvia20160.0%+0.1%-0.1 pp
Latvia2018-1.4%-1.3%-0.1 pp
Latvia2020-4.1%-4.0%-0.1 pp
Latvia2022-4.9%-4.8%-0.1 pp
Latvia2023-2.3%-2.2%-0.1 pp
Lithuania2020-6.4%-6.3%-0.1 pp
Lithuania2022-0.7%-0.5%-0.2 pp
Luxembourg2015+1.3%+1.2%+0.1 pp
Luxembourg2016+1.9%+1.8%+0.1 pp
Luxembourg2017+1.4%+1.5%-0.1 pp
Luxembourg2019+2.7%+2.8%-0.1 pp
Luxembourg2020-3.1%-3.0%-0.1 pp
Luxembourg2021+1.1%+1.5%-0.4 pp
Luxembourg2022+0.2%+0.3%-0.1 pp
Luxembourg2024+0.9%+0.6%+0.3 pp
Luxembourg2025-2.0%-1.8%-0.2 pp
Malta2024-3.4%-3.5%+0.1 pp
Malta2025-2.2%-2.1%-0.1 pp
Poland2025-7.3%-7.2%-0.1 pp
Portugal2024+0.6%+0.7%-0.1 pp
Romania2024-9.3%-9.2%-0.1 pp
Romania2025-7.9%-7.8%-0.1 pp
Slovakia2024-5.3%-5.4%+0.1 pp
Slovakia2025-4.5%-4.4%-0.1 pp
Slovenia2024-0.9%-0.8%-0.1 pp
Sweden2015-0.3%-0.4%+0.1 pp
Sweden2018+0.7%+0.6%+0.1 pp
Sweden2020-3.2%-3.3%+0.1 pp
Sweden2023-0.9%-1.0%+0.1 pp
Sweden2025-1.4%-1.6%+0.2 pp
Compare EDP budget balances →
Methodology →

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Related analysis

EU Debt Burden in 2026: Which Countries Have the Highest Debt Ratios? →

Analysis of the Q2 2026 debt release. The comparison pages retain their own reporting periods and source versions.