Secondary income distribution account (II.2)

Secondary income distribution account (II.2)

The secondary income distribution account shows how to assign the balance of primary income of an institutional sector by means of redistribution, i.e. through current taxes on income, patrimony, etc., social contributions and benefits -excluding social transfers in kind- and other current transfers.

The balance of the account is available income, which reflects current transactions and excludes, explicitly, capital transfers, profits and losses from real possession and the consequences of events like natural catastrophes.

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