Micronesia, Fed. Sts.: Primary government expenditures as a proportion of original approved budget (%)

Key figures

What the numbers say

In 2021, Micronesia, Fed. Sts.'s primary government expenditures as a proportion of original approved budget (%) rose 5.56 percentage points on 2020 (from 105.96% to 111.52%).

Across the 13 yearly changes before that (2008 to 2020), the average change was +0.98 percentage points and a typical year strayed about 13.48 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 20.05 percentage points in 2019 and the biggest yearly fall was 18.88 percentage points in 2015. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 the straight-line trend is upward, about 4.15 percentage points a year. A straight line explains 71% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2021, Micronesia, Fed. Sts. had the 6th highest value of the 18 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Micronesia, Fed. Sts. in the 2021 ranking

• Argentina — 2nd of 18: 128.21%
• Zimbabwe — 3rd of 18: 127.88%
• Dominican Republic — 4th of 18: 125.71%
• Mexico — 6th of 18: 107.2%
• Luxembourg — 7th of 18: 107%
• Estonia — 8th of 18: 103.88%

What this measures

Primary government expenditures as a proportion of original approved budget measures the extent to which aggregate budget expenditure outturn reflects the amount originally approved, as defined in government budget documentation and fiscal reports. The coverage is budgetary central government (BCG) and the time period covered is the last three completed fiscal years.

Limitations: Although not all countries have used the PEFA methodology on an annual basis for the PEFA PI-1 indicator, the methodology relies on standard data sets for approved and final budget outturns which are commonly produced at least annually in every country. The countries that have not used the methodology to date are primarily highly developed countries which would have less difficulty in providing the necessary data than those in the lower and middle income categories that have been primary users of Public Expenditure and Financial Accountability (PEFA) to date. (As of: 2024-07-29) One limitation of the indicator is that it is an aggregate indicator of budget reliability.

All 15 values

Primary government expenditures as a proportion of original approved budget (%) in nearby economies

• Australia — 100.63% (2023)
• Cambodia — 94.69% (2020)
• China — 98.07% (2024)
• Fiji — 94.23% (2024)
• Indonesia — 100.76% (2024)
• Japan — 123% (2022)
• Kiribati — 100.77% (2022)
• Malaysia — 102.96% (2024)

More public sector data for Micronesia, Fed. Sts.

• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 20 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 54.85 (2024)
• CPIA business regulatory environment rating (1=low to 6=high) — 2 (2025)
• CPIA debt policy rating (1=low to 6=high) — 3 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 2.83 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 3 (2025)
• CPIA quality of budgetary and financial management rating (1=low to 6=high) — 2.5 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Micronesia, Fed. Sts.'s primary government expenditures as a proportion of original approved budget (%)?

111.52% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is up 18.33 percentage points from 93.19% in 2007. The highest value was 111.52% in 2021 and the lowest 69.77% in 2015.

How does Micronesia, Fed. Sts. rank?

6th highest of 18 economies with data for 2021.

Is the latest change in primary government expenditures as a proportion of original approved budget (%) unusual for Micronesia, Fed. Sts.?

Source

World Bank, World Development Indicators, indicator GF.XPD.BUDG.ZS, licensed CC BY 4.0. Original source: Public Expenditure and Financial Accountability (PEFA), World Bank (WB), uri: https://www.pefa.org/node/5239, note: The raw data collected in order to calculate this indicator are the initially Approved and Executed Budgets. Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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