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

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. 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
United Kingdom of Great Britain and Northern Ireland
Records
63
Source
United Kingdom | Subsidies and other transfers (% of expense)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 28.684525
1973 27.91528789
1974 26.41522303
1975 25.6063
1976 26.84937895
1977 28.7360295
1978 29.46600013
1979 30.09313155
1980 34.78049627
1981 36.4328558
1982 37.38486057
1983 35.48871802
1984 35.53513277
1985 36.68481831
1986 36.9465851
1987 36.70008935
1988 35.69540059
1989 34.73335833
1990 52.841654
1991 58.39060469
1992 60.44093293
1993 59.04307812
1994 58.12490726
1995 52.40887775
1996 52.06780692
1997 51.54978355
1998 51.41587615
1999 51.63141196
2000 51.93060356
2001 51.41737407
2002 52.08374338
2003 52.81162097
2004 52.68825888
2005 52.12593908
2006 52.01489865
2007 51.46861134
2008 49.37730989
2009 51.49180913
2010 51.71088579
2011 51.7561212
2012 51.73819641
2013 52.63420386
2014 52.33034906
2015 52.92947925
2016 52.12237408
2017 50.31402733
2018 49.50562488
2019 49.91458227
2020 54.70304925
2021 50.55969813
2022

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

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. 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
United Kingdom of Great Britain and Northern Ireland
Records
63
Source