Belize - Goods and services expense (% of expense)

Goods and services expense (% of expense) in Belize was 21.21 as of 2017. Its highest value over the past 27 years was 29.39 in 1992, while its lowest value was 14.60 in 2004.

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 19.29
1991 19.70
1992 29.39
1993 29.22
1994 27.41
1995 24.95
1996 26.60
1997 20.44
1998 20.00
1999 21.42
2000 20.43
2001 19.77
2002 17.99
2003 17.32
2004 14.60
2005 17.32
2006 22.34
2007 21.92
2008 23.46
2009 23.62
2010 23.90
2011 23.88
2012 25.06
2013 24.81
2014 22.56
2015 21.81
2016 22.62
2017 21.21

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