Mongolia - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Mongolia was 13.77 as of 2018. Its highest value over the past 26 years was 37.16 in 2007, while its lowest value was 11.15 in 2015.

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
1992 25.08
1993 22.24
1994 30.36
1995 29.61
1996 26.75
1997 26.63
1998 27.40
1999 24.58
2000 23.12
2001 28.98
2002 26.14
2003 35.88
2006 25.72
2007 37.16
2008 26.21
2009 19.62
2010 20.18
2011 19.02
2012 15.81
2013 12.88
2014 11.46
2015 11.15
2016 13.90
2017 12.15
2018 13.77

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