Unilateral transfer of revenue and expenditure: also known as free transfer of revenue and expenditure, refers to the unilateral foreign exchange revenue and expenditure repaid without compensation between countries, including private unilateral transfer revenue and expenditure and government unilateral transfer revenue and expenditure. Private unilateral transfer payment includes remittance, annuity and personal gift. The unilateral transfer of revenue and expenditure by the government includes intergovernmental economic assistance, military assistance, war reparations and intergovernmental gifts. Unilateral transfer payment is an integral part of the balance of payments and is included in the current account of the balance of payments.