Definition: Consolidation

Category: ESSPROS Manual

Consolidation refers to the mutual cancellation of transactions among schemes in the same group, for example, among resident government-controlled schemes or among the whole of schemes operating in the country. 

This definition is identical in versions 1996, 2008 and 2011 of the Manual Eurostat, "ESSPROS Manual 2008"Eurostat, "ESSPROS Manual 1996"
Eurostat, "ESSPROS Manual - The European System of integrated Social Protection Statistics", 2011 Edition, Office for Official Publications of the European Communities, Luxembourg, 2011