Latvia - Other expense (% of expense)

Other expense (% of expense) in Latvia was 8.85 as of 2019. Its highest value over the past 25 years was 21.82 in 2006, while its lowest value was 0.53 in 1994.

Definition: Other expense is spending on dividends, rent, and other miscellaneous expenses, including provision for consumption of fixed capital.

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

See also:

Year Value
1994 0.53
1995 16.55
1996 13.17
1997 16.75
1998 20.17
1999 18.08
2000 18.39
2001 13.11
2002 13.39
2003 10.27
2004 11.92
2005 17.99
2006 21.82
2007 18.14
2008 18.39
2009 15.04
2010 18.34
2011 17.07
2012 15.99
2013 13.82
2014 14.94
2015 14.37
2016 13.75
2017 13.44
2018 13.02
2019 8.85

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