Seychelles - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Seychelles was 22.71 as of 2018. Its highest value over the past 33 years was 37.23 in 2015, while its lowest value was 6.23 in 1987.

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
1985 9.24
1986 13.91
1987 6.23
1988 7.56
1989 10.82
1993 19.72
1994 19.73
1995 22.08
1996 28.50
1997 25.67
1998 25.33
1999 26.32
2000 21.77
2005 9.29
2006 11.62
2007 17.95
2008 15.06
2009 7.16
2010 15.89
2011 14.23
2012 10.22
2013 14.01
2014 13.45
2015 37.23
2016 17.25
2017 22.03
2018 22.71

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