Australia - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Australia was 66.94 as of 2019. Its highest value over the past 45 years was 71.28 in 2009, while its lowest value was 1.76 in 1977.

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
1974 2.82
1975 2.10
1976 1.87
1977 1.76
1978 2.19
1979 2.93
1980 2.96
1981 3.34
1982 3.20
1983 3.14
1984 2.99
1985 3.07
1986 2.82
1987 2.39
1988 2.51
1989 2.18
1990 62.85
1991 65.15
1992 66.16
1993 67.29
1994 66.54
1995 64.13
1996 66.15
1997 67.20
1998 70.76
1999 65.63
2000 66.02
2001 68.00
2002 68.67
2003 69.26
2004 70.36
2005 70.43
2006 69.64
2007 68.90
2008 69.29
2009 71.28
2010 69.25
2011 68.71
2012 67.32
2013 67.14
2014 67.78
2015 67.62
2016 67.54
2017 67.57
2018 67.24
2019 66.94

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