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GRDP at constant prices which removes the price volatility over

the years is used to calculate the economic growth rate in the locality,
and to study changes in the volume of produced goods and services.

STATE BUDGET

Local State budget revenues (provinces, cities directly under
the central government) are all revenues mobilized into the budget
fund in a given period to meet the spending needs of the local
government.

Local state budget expenditures (provinces, cities directly

under the central government management) are all expenditures in a
given period for performing functions and tasks of the local
government and expenditures of the central agencies located in the
provinces/cities directly under the central government.

INSURANCE

Social insurance is a guarantee to replace or partly compensate
employee' income when his/her income is reduced or lost due to
sickness, maternity, occupational accident, occupational disease,

outside of the labour force or death on the basis of thier contribution
to the social insurance fund.

Compulsory social insurance is a type of State-run social
insurance of which the participation of employees and employers is
compulsory.

Voluntary social insurance is a type of State-run social insurance
of which the participant may select premium rates and modes of
payment in conformity with his/her income and the State will provide
premium support for the benefit of the participant relating to pension and
death gratuity.

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