BIS central bankers' speeches  23  Figure 5  Twelve-month cumulative borrowing requirement (1) (billions of euros)  100.0  100.0  90.0  90.0  80.0  80.0  70.0  70.0  60.0  60.0  50.0  50.0  40.0  40.0 State sector General government Unconsolidated central government  30.0  30.0  20.0  20.0  10.0  10.0 2007  2008  2009  2010  2011  Source: For the state sector, the Ministry for the Economy and Finance.
(1) Excluding privatization receipts. Figure 6  State budget tax revenue (1) (percentage changes)  15.0  15.0  10.0  10.0  5.0  5.0  0.0  0.0  -5.0  - 5.0  -10.0  -10.0 -15.0  -15.0 2008 Tax revenue  2009  2010 Employee withholding tax  2011 VAT  Source: State budget.