Real national saving and its sectoral composition

Quarterly Bulletin 1981 Q2
Published on 01 June 1981

This note presents revised and updated estimates of sectoral saving and financial balances adjusted for the effects of price inflation on monetary assets and liabilities.

In this note, estimates of monetary assets and liabilities of all sectors are based for the first time on CSO balance sheet data. This should ensure internal consistency and greater reliability. The change has produced substantial revisions to some of the estimates of net monetary liabilities, particularly for the company sector (reflecting, for example  a fuller coverage of trade credit and the inclusion for the first time of items such as unpaid accruals of tax and interest). The notional gains (losses) on net monetary liabilities (assets) are, however, broadly similar to earlier estimates.

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