Luxembourg - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in Luxembourg was 49.56 as of 2019. Its highest value over the past 47 years was 74.76 in 1994, while its lowest value was 0.98 in 1982.

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
1972 3.45
1973 3.17
1974 2.68
1975 2.10
1976 2.00
1977 2.07
1978 2.27
1979 2.20
1980 2.08
1981 2.05
1982 0.98
1983 1.03
1984 1.30
1985 1.56
1986 1.52
1987 1.62
1988 1.20
1989 0.99
1990 69.88
1991 71.36
1992 69.69
1993 73.20
1994 74.76
1995 47.94
1996 48.48
1997 47.87
1998 48.05
1999 47.99
2000 47.85
2001 48.78
2002 49.42
2003 50.26
2004 48.84
2005 50.02
2006 49.65
2007 49.64
2008 49.94
2009 50.86
2010 50.43
2011 49.71
2012 49.65
2013 50.59
2014 51.14
2015 50.66
2016 49.93
2017 49.92
2018 49.66
2019 49.56

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