In 2023, state government expenditures on social protection stood at 184.00 billion USD PPP. The forecast for 2024 shows an expenditure of 185.62 billion USD PPP, indicating a slight increase. Year-on-year growth from 2024 to 2028 is consistent, averaging around 0.92% annually. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 0.84%. This steady increment suggests a modest but stable increase in social protection funding.
Future trends to watch for include potential impacts from economic fluctuations, changes in policy priorities, and demographic shifts influencing the demand for social protection services. Monitoring these factors will be essential in understanding and adapting future expenditure levels.
