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

Key figures

What the numbers say

In 2022, Vanuatu's primary government expenditures as a proportion of original approved budget (%) fell 0.17 percentage points on 2021 (from 94.28% to 94.11%).

Across the 14 yearly changes before that (2008 to 2021), the average change was −0.21 percentage points and a typical year strayed about 14.62 percentage points from that (the standard deviation). This year's change was 0.0 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 21.51 percentage points in 2017 and the biggest yearly fall was 38.89 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 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2022, Vanuatu had the 32nd 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 Vanuatu in the 2022 ranking

• Tonga — 29th of 46: 95.61%
• Croatia — 30th of 46: 94.76%
• Turks and Caicos Islands — 31st of 46: 94.32%
• Russian Federation — 33rd of 46: 93.69%
• Palau — 34th of 46: 92.75%
• São Tomé and Principe — 35th of 46: 92.62%

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 16 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 Vanuatu

• Net lending (+) / net borrowing (-) (current LCU) — 943.13 million (2023)
• Net lending (+) / net borrowing (-) (% of GDP) — 0.67% (2023)
• Grants and other revenue (current LCU) — 22.69 billion (2023)
• Grants and other revenue (% of revenue) — 49.28% (2023)
• Revenue, excluding grants (current LCU) — 34.2 billion (2023)
• Revenue, excluding grants (% of GDP) — 24.16% (2023)
• Taxes on goods and services (current LCU) — 17.96 billion (2023)
• Taxes on goods and services (% of revenue) — 39.01% (2023)
• Taxes on international trade (current LCU) — 4.9 billion (2023)
• Taxes on international trade (% of revenue)

Reading data like this

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Questions people ask

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

94.11% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 2007?

It is down 3.13 percentage points from 97.24% in 2007. The highest value was 107.59% in 2014 and the lowest 66.55% in 2016.

How does Vanuatu rank?

32nd 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 Vanuatu?

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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