Subsidies and other transfers (% of expense)

This indicator measures the proportion of total expenditures allocated to unreciprocated, nonrefundable financial transfers, encompassing a diverse range of aid mechanisms. It includes direct support to both private and public entities, such as grants aimed at fostering development initiatives, along with financial assistance provided to foreign governments and international organizations. Additionally, it incorporates social security payments, cash-based social assistance, and in-kind benefits aimed at vulnerable populations, reflecting the government's commitment to social welfare. By analyzing this figure, stakeholders can assess the emphasis placed on social equity and public support systems, which are crucial for fostering economic stability and addressing societal needs. Ultimately, this metric serves as a vital gauge of governmental priorities and fiscal health in promoting inclusive growth. Source: