This chart lists and describes the various character and object categories used for classifying expenditure data. Note that a few categories use more than one code. The following character and object codes can be divided into two main categories, those related to direct expenditure and those related to intergovernmental expenditure.
Direct expenditure comprises all expenditure other than intergovernmental expenditure.
I Interest on Debt Amounts paid for the use of borrowed money. Includes amounts for interest on debt of the government paid by all its accounting funds. No adjustment is made for premiums or discounts on debt issued or retired. Where amounts to cover interest accruing on debt prior to date of sale are included in the proceeds from issuance of securities, such amounts are treated as offsets to interest expenditure for the year in which they were received. This distinction is made on the basis of the classification of outstanding debt to which particular interest payments relate.