Definition: Current transfers paid
Current transfers paid are broken down into:
1.Tax on income and social insurance contributions (HY140G);
2. Regular taxes on wealth (HY120G);
3. Employers' social insurance contributions (PY030G);
4. Regular inter-household cash transfers paid (HY130G).
Commission Regulation (EC) No 1980/2003 of 21 October 2003 implementing Regulation (EC) No 1177/2003 of the European Parliament and of the Council concerning Community statistics on income and living conditions (EU-SILC) as regards definitions and updated definitions