United Kingdom - Subsidies and other transfers (% of expense)

Subsidies and other transfers (% of expense) in United Kingdom was 54.69 as of 2019. Its highest value over the past 47 years was 60.44 in 1992, while its lowest value was 25.61 in 1975.

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 28.68
1973 27.92
1974 26.42
1975 25.61
1976 26.85
1977 28.74
1978 29.47
1979 30.09
1980 34.78
1981 36.43
1982 37.38
1983 35.49
1984 35.54
1985 36.68
1986 36.95
1987 36.70
1988 35.70
1989 34.73
1990 52.84
1991 58.39
1992 60.44
1993 59.04
1994 58.12
1995 58.63
1996 58.67
1997 57.69
1998 57.57
1999 57.80
2000 58.09
2001 57.72
2002 58.06
2003 58.36
2004 58.04
2005 57.26
2006 57.21
2007 56.96
2008 54.63
2009 56.97
2010 57.08
2011 57.04
2012 57.01
2013 57.02
2014 56.71
2015 57.18
2016 56.16
2017 55.08
2018 55.13
2019 54.69

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