Palau: Primary government expenditures as a proportion of original approved budget (%)

Key figures

What the numbers say

In 2022, Palau's primary government expenditures as a proportion of original approved budget (%) rose 5.36 percentage points on 2021 (from 87.38% to 92.75%).

Across the 11 yearly changes before that (2011 to 2021), the average change was −0.84 percentage points and a typical year strayed about 3.65 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 6.48 percentage points in 2011 and the biggest yearly fall was 5.53 percentage points in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.67 percentage points a year. A straight line explains 46% 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 2022, Palau had the 34th highest value of the 46 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 Palau in the 2022 ranking

• Turks and Caicos Islands — 31st of 46: 94.32%
• Vanuatu — 32nd of 46: 94.11%
• Russian Federation — 33rd of 46: 93.69%
• São Tomé and Principe — 35th of 46: 92.62%
• Dominica — 36th of 46: 92.09%
• Peru — 37th of 46: 91.58%

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 13 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 Palau

• Statistical performance indicators (SPI): Pillar 1 data use score (scale 0-100) — 70 (2024)
• Statistical performance indicators (SPI): Pillar 3 data products score (scale 0-100) — 62.36 (2024)
• Net acquisition of financial assets (current LCU) — 27.91 million (2020)
• Net acquisition of financial assets (% of GDP) — 10.78% (2020)
• Net incurrence of liabilities, total (current LCU) — 52.56 million (2020)
• Net incurrence of liabilities, total (% of GDP) — 20.29% (2020)
• Net investment in nonfinancial assets (current LCU) — 16.56 million (2020)
• Net investment in nonfinancial assets (% of GDP) — 6.39% (2020)
• Net lending (+) / net borrowing (-) (current LCU)

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 Palau's primary government expenditures as a proportion of original approved budget (%)?

92.75% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is down 3.84 percentage points from 96.59% in 2010. The highest value was 103.07% in 2011 and the lowest 87.38% in 2021.

How does Palau rank?

34th highest of 46 economies with data for 2022.

Is the latest change in primary government expenditures as a proportion of original approved budget (%) unusual for Palau?

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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