India | Goods and services expense (% of expense)

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. 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
India | Goods and services expense (% of expense)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974 17.98903635
1975 18.48671231
1976 18.14735116
1977 16.25183016
1978 15.38825012
1979 15.34568875
1980 15.78152237
1981 16.82014755
1982 16.58806732
1983 16.1050618
1984 14.92231106
1985 14.94879378
1986 16.84926177
1987 15.87037297
1988 15.50986719
1989 14.8532697
1990 13.88807928
1991 13.18810049
1992 12.3763753
1993 13.91196201
1994 13.58199108
1995 14.46629868
1996 12.57077393
1997 11.76731361
1998 11.9559343
1999 12.4592737
2000 11.55762437
2001 12.25136767
2002 11.62299007
2003 11.03701303
2004 13.04181019
2005 12.67051083
2006 11.18225595
2007 10.51053542
2008 9.7638848
2009 8.99809854
2010 9.39226081
2011 9.34922741
2012 9.42026101
2013 8.7417006
2014 8.49890837
2015 8.91996557
2016 7.75084574
2017 7.18313723
2018 6.6869688
2019
2020
2021
2022

India | Goods and services expense (% of expense)

Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Own-account capital formation is excluded. 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