This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
Government subsidies help an industry by paying for part of the cost of the production of a good or service by offering tax credits or reimbursements or by paying for part of the cost a consumer would pay to purchase a good or service. |
| Concept |
A subsidy is a benefit given to a State Own Enterprise, or institution, usually by the government. … The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy. |
| Rationale |
On the supply side, government subsidies SOE’s to help an industry by allowing the producers to produce more goods and services. This increases the overall supply of that good or service, increases the quantity demanded for that good or service and lowers the overall price of the good or service. Examples of State Own Enterprise: Airports Vanuatu LTD, Vanuatu Post LTD, Reserve Bank of Vanuatu, Vanuatu Agriculture Development Bank, National Bank of Vanuatu, National Housing, Vanuatu Broadcasting & Television Corporation, Interchange LTD. |
| Sustainable Development Goal Indicator Alignment |
16.6.1 (Tier 1) , 16.6.2 (Tier 3) |
| Frequency of Collection |
Annually |