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Overall Budget Balance, Including Grants

The cash surplus/deficit is revenue (including grants) minus expenses, minus net acquisition of nonfinancial assets. This is close to the previous concept of overall budget balance, differing only in that it excludes net lending (which is now treated as a financing item, under net acquisition of financial assets). For countries that are not using the new GFS system, the template will continue to focus on the overall budget balance, using data from the alternative sources indicated above. The overall budget deficit is defined as the difference between total revenue (including grants) and total expenditure. Both concepts measure the central government’s financing requirement, which must be met by domestic or foreign borrowing. As noted above, they differ in that the new cash surplus/deficit variable excludes net lending (which is usually a minor item). For countries using the new GFS system (see explanation at the beginning of this section), benchmarking data on the government’s cash surplus/deficit are ob

Source: World Development Indicators