India | Expense (% of GDP)
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 India
Records
63
Source
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India | Expense (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
8.73291192 1974
10.11237211 1975
10.62936619 1976
10.5053165 1977
11.2699439 1978
12.31444775 1979
11.70247812 1980
11.37603387 1981
11.95987282 1982
12.0777927 1983
13.14295968 1984
14.37894512 1985
15.33863824 1986
15.76721892 1987
15.5195025 1988
15.97153364 1989
15.48421708 1990
15.33897953 1991
15.11647596 1992
15.14510813 1993
14.60328653 1994
14.24572561 1995
14.08071054 1996
14.5974823 1997
14.40763023 1998
14.80403806 1999
15.4104026 2000
15.54562552 2001
16.05294821 2002
15.57759372 2003
15.133483 2004
15.17398359 2005
15.18947956 2006
15.25786002 2007
17.22767043 2008
16.85189271 2009
16.50513595 2010
14.4898394 2011
16.1667124 2012
16.63868255 2013
14.80313764 2014
15.12569036 2015
15.27195003 2016
15.61410992 2017
15.66313191 2018
2019
2020
2021
2022
India | Expense (% of GDP)
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 India
Records
63
Source
Create chart Download showed records Download Full dataset