National Gross Domestic Product (GDP) by Income and by Expenditure Accounts

Surplus or deficit of government, value

Surplus or deficit refers to the comparison of revenue to expenditures. Where there is an excess of revenue over expenditures, there is a surplus. Where there is an excess of expenditures over revenue, there is a deficit.

Government refers to unique kinds of legal entities established by political processes that have legislative, judicial or executive authority over other institutional units within a given area. Viewed as institutional units, the principal functions of government are to assume responsibility for the provision of goods and services to the community or to individual households and to finance their provision out of taxation or other incomes; to redistribute income and wealth by means of transfers; and to engage in non-market production.

The data for this variable are reported using the following measurements:

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