Papua New Guinea - Subsidies and other transfers
Subsidies and other transfers (current LCU)
The value for Subsidies and other transfers (current LCU) in Papua New Guinea was 6,075,486,000 as of 2019. As the graph below shows, over the past 29 years this indicator reached a maximum value of 6,862,000,000 in 2014 and a minimum value of 187,880,000 in 1990.
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.
| Year | Value |
|---|---|
| 1990 | 187,880,000 |
| 1991 | 272,010,000 |
| 1992 | 253,230,000 |
| 1993 | 291,470,000 |
| 1994 | 506,517,000 |
| 1995 | 387,675,000 |
| 1996 | 356,053,000 |
| 1997 | 436,422,000 |
| 1998 | 545,020,000 |
| 1999 | 655,620,000 |
| 2000 | 700,659,000 |
| 2001 | 618,298,000 |
| 2002 | 422,281,000 |
| 2014 | 6,862,000,000 |
| 2015 | 6,165,537,000 |
| 2016 | 5,740,706,000 |
| 2017 | 5,014,734,000 |
| 2018 | 6,104,427,000 |
| 2019 | 6,075,486,000 |
Subsidies and other transfers (% of expense)
Subsidies and other transfers (% of expense) in Papua New Guinea was 37.85 as of 2019. Its highest value over the past 29 years was 55.22 in 2014, while its lowest value was 16.40 in 2002.
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 | 19.61 |
| 1991 | 25.15 |
| 1992 | 20.64 |
| 1993 | 19.97 |
| 1994 | 33.90 |
| 1995 | 25.50 |
| 1996 | 20.32 |
| 1997 | 22.60 |
| 1998 | 29.01 |
| 1999 | 25.32 |
| 2000 | 23.95 |
| 2001 | 22.09 |
| 2002 | 16.40 |
| 2014 | 55.22 |
| 2015 | 50.68 |
| 2016 | 48.00 |
| 2017 | 41.70 |
| 2018 | 41.99 |
| 2019 | 37.85 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
