Sri Lanka - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Sri Lanka was 8.20 as of 2019. Its highest value over the past 29 years was 23.39 in 1995, while its lowest value was 7.62 in 2017.

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
1990 18.19
1991 18.81
1992 18.53
1993 16.83
1994 18.04
1995 23.39
1996 21.72
1997 19.26
1998 19.81
1999 16.91
2000 21.52
2001 19.60
2002 13.83
2003 12.56
2004 13.47
2005 11.36
2006 12.55
2007 10.94
2008 14.31
2009 10.71
2010 8.12
2011 9.73
2012 10.34
2013 8.49
2014 10.63
2015 10.67
2016 8.46
2017 7.62
2018 7.67
2019 8.20

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