Cyprus - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Cyprus was 37.83 as of 2019. Its highest value over the past 39 years was 42.75 in 2016, while its lowest value was 3.85 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
1980 9.27
1981 10.00
1982 8.36
1983 8.74
1984 9.19
1985 7.43
1986 4.97
1987 3.85
1988 5.09
1989 5.26
1990 28.28
1991 27.86
1992 29.79
1993 34.19
1994 35.55
1995 29.74
1996 30.31
1997 29.62
1998 29.00
1999 28.62
2000 30.43
2001 30.37
2002 30.72
2003 30.99
2004 33.59
2005 33.19
2006 31.93
2007 30.43
2008 31.04
2009 31.41
2010 33.50
2011 33.82
2012 33.26
2013 33.78
2014 29.85
2015 40.30
2016 42.75
2017 41.60
2018 38.87
2019 37.83

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