Cyprus | Expense (current LCU)

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. 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.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source
Cyprus | Expense (current LCU)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 79347450.93751
1973 106069977.48063
1974 125530947.89791
1975 132672901.92286
1976 147657336.56373
1977 168758564.36472
1978 205476409.3399
1979 242125910.25742
1980 318397878.60045
1981 385101678.87178
1982 468481429.21093
1983 593192248.41698
1984 609116413.85061
1985 688839757.10522
1986 691197627.09432
1987 832601482.38261
1988 944719908.96572
1989 1059486667.783
1990 2200874507.7579
1991 2374019310.8553
1992 2687846091.0436
1993 2807917676.8031
1994 3179546970.9238
1995 3586183565.3045
1996 3885017957.4012
1997 4273212204.8818
1998 4941617088.7482
1999 5219606543.2601
2000 5753715353.8343
2001 6355655641.6311
2002 6902066382.5832
2003 8166944029.634
2004 8469366484.7576
2005 9370312024.7952
2006 9968493389.421
2007 10676879547.016
2008 11856156261.853
2009 7288200000
2010 7584300000
2011 7962400000
2012 8041100000
2013 7636700000
2014 8538500000
2015 7040288000
2016 6837506000
2017 7071691000
2018 8373978000
2019 8430013000
2020 9301265000
2021 9901464000
2022

Cyprus | Expense (current LCU)

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. 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.
Publisher
The World Bank
Origin
Republic of Cyprus
Records
63
Source