This financial indicator captures the total expenditures made by government entities for procuring goods and services that facilitate the creation of both market-driven and non-market deliverables. It encompasses a wide range of payments, reflecting the investment in infrastructure, public health, education, and welfare provisions. Notably, it excludes costs associated with self-produced capital formation, ensuring a focused analysis on external transactions. By examining these expenditures, stakeholders gain insights into government priorities, fiscal health, and the effectiveness of resource allocation in meeting societal needs and driving economic performance. This metric is pivotal for understanding the dynamic relationship between public spending and overall economic activity. Source: