GFSM economic classification

The IMF's Government Finance Statistics Manual, main categories only. COFOG says what the money is for. This says what kind of transaction it is - salaries, goods, interest, capital. Publishers can still use fuller GFSM subcodes as the value.

Part of the Budgets and spending profile, used by BudgetLine.

Terms

CodeNameDescription
11 Taxes Taxes.
12 Social contributions Social contributions.
13 Grants received Grants, including money from other governments.
14 Other revenue Fees, fines, sales of goods and services, and income from property.
21 Compensation of employees Wages, salaries, and social contributions paid to employees.
22 Use of goods and services Goods and services bought.
23 Consumption of fixed capital Depreciation.
24 Interest Interest paid on debt.
25 Subsidies Subsidies paid.
26 Grants paid Grants paid, including to other governments.
27 Social benefits Social benefits paid.
28 Other expense Other expenses.
31 Nonfinancial assets Buying or selling fixed assets, like buildings or equipment.
32 Financial assets Buying or selling financial assets, like shares or loans made.
33 Liabilities Borrowing and repaying debt.
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