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Government expenditure on tertiary education as a percentage of GDP (%)
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Primary net lending/borrowing is net lending (+)/borrowing (-) plus net interest payable/paid (interest expense minus interest revenue).
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Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Note: Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account.
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Overall balance, as a % of GDP. The overall balance is defined as revenues minus total expenditures. Revenues are defined as revenues, grants and transfers within goverment agencies. It refers to the central administration (Administracin Publica Nacional). The fiscal year starts on January 1.
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