St. Vincent and the Grenadines - Expense (current LCU)

The value for Expense (current LCU) in St. Vincent and the Grenadines was 563,610,000 as of 2017. As the graph below shows, over the past 17 years this indicator reached a maximum value of 563,610,000 in 2017 and a minimum value of 240,641,000 in 2000.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

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

Year Value
2000 240,641,000
2001 258,697,000
2002 273,077,000
2003 272,511,000
2004 288,104,000
2005 323,872,900
2006 355,438,800
2007 378,821,000
2008 431,321,100
2009 469,763,000
2010 473,152,600
2011 495,164,800
2012 488,916,300
2013 491,257,600
2014 508,910,000
2015 512,900,000
2016 514,630,000
2017 563,610,000

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.

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance