other current transfers of general government

Other current transfers of other sectors n.i.e.

Other current transfers, payable [19]

Other current transfers, receivable [19]

Other current transfers of general government n.i.e.

These transactions comprise social contributions paid, social benefits in cash received, current taxes on income and wealth paid, as well as other current transfers.

Social benefits include pensions and unemployment benefits (1993 SNA, 8.75–8.83) and other current transfers (1993 SNA, 8.84).

At the total economy level it differs from national income in that additional income items are included, mainly other current transfers such as remittances.

The only other current transfers paid out consist of charitable contributions to NPISH units of $1,235 and current transfers to non-residents of $411 million.

Other current transfers are rarely identifiable as such in business accounting as they are often grouped with other items under ‘other income’ or ‘other expenses’.