Government Finance Indicators

Current budget balance is the excess of current revenue over current expenditure.

Current expenditure includes requited payments other than for capital assets or for goods or services to be used in the production of capital assets, and unrequited payments for purposes other than permitting the recipients to acquire capital assets, compensating the recipients for damage or destruction of capital assets, or increasing the financial capital of the recipients.

Current revenue includes all revenue from taxes and nonrepayable receipts (other than grants) from the sale of land, intangible assets, government stocks or fixed capital assets, or from capital transfers from nongovernmental sources. It also includes inheritance taxes and nonrecurrent levies on capital.

Financing refers to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. It includes all government liabilities—other than those for currency issues or demand, time, or savings deposits with government—or claims on others held by government and changes in government holdings of cash and deposits. Government guarantees of debt are excluded. Financing from abroad refers to that obtained from nonresidents. Domestic financing refers to that obtained from residents.

Overall surplus/deficit is current and capital revenue and official grants received, less total expenditure and lending minus repayments.