Hungary - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Hungary was 45.24 as of 2019. Its highest value over the past 32 years was 72.68 in 1991, while its lowest value was 28.28 in 1989.

Definition: Subsidies, grants, and other social benefits include all unrequited, nonrepayable transfers on current account to private and public enterprises; grants to foreign governments, international organizations, and other government units; and social security, social assistance benefits, and employer social benefits in cash and in kind.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also:

Year Value
1987 31.45
1989 28.28
1990 65.66
1991 72.68
1992 68.02
1993 66.36
1994 63.62
1995 51.97
1996 52.06
1997 50.59
1998 50.68
1999 52.43
2000 52.64
2001 53.61
2002 53.20
2003 57.16
2004 58.16
2005 59.58
2006 59.84
2007 58.23
2008 59.80
2009 59.25
2010 59.72
2011 58.05
2012 55.92
2013 52.90
2014 50.34
2015 47.67
2016 47.50
2017 46.20
2018 45.84
2019 45.24

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Median

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance