Finland - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Finland was 53.98 as of 2019. Its highest value over the past 29 years was 54.51 in 2017, while its lowest value was 19.49 in 1994.

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
1990 27.11
1991 25.95
1992 23.37
1993 21.14
1994 19.49
1995 49.16
1996 50.28
1997 51.56
1998 51.74
1999 51.61
2000 51.30
2001 50.89
2002 50.87
2003 51.04
2004 51.04
2005 50.50
2006 50.05
2007 49.72
2008 49.16
2009 49.98
2010 50.33
2011 50.21
2012 50.91
2013 51.35
2014 52.36
2015 53.10
2016 53.18
2017 54.51
2018 54.15
2019 53.98

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