Taxes less subsidies on products (current LCU)

This economic indicator represents the balance between product-related taxes levied on goods and services and the subsidies provided by the government to support producers. Product taxes encompass various levies that apply at different stages of production and distribution, reflecting the government's regulatory environment and fiscal policies. Conversely, subsidies serve as vital financial assistance aimed at stabilizing market prices or encouraging production, particularly in essential sectors. By analyzing this indicator, stakeholders can gain insights into the overall tax burden on consumers and businesses, measure the effectiveness of government interventions, and assess how fiscal policies influence economic activity and production levels. The data is expressed in current local currency, ensuring relevance to contemporary economic conditions. Source: