Lesotho - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Lesotho was 23.32 as of 2019. Its highest value over the past 32 years was 40.41 in 1987, while its lowest value was 21.55 in 2010.

Definition: Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded.

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

See also:

Year Value
1987 40.41
1988 36.23
1989 27.52
1991 27.38
1992 32.84
1993 26.40
1994 25.78
1995 26.49
1996 29.86
1997 31.71
1998 29.94
1999 29.83
2000 29.39
2001 34.23
2002 33.34
2003 32.09
2004 30.98
2005 30.31
2006 32.20
2007 29.05
2008 31.12
2009 25.21
2010 21.55
2011 21.85
2012 23.20
2013 25.96
2014 24.97
2015 25.36
2016 27.46
2017 21.85
2018 23.44
2019 23.32

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