Venezuela - Net incurrence of liabilities
Net incurrence of liabilities, domestic (current LCU)
The value for Net incurrence of liabilities, domestic (current LCU) in Venezuela was 3,754,090,000 as of 2005. As the graph below shows, over the past 7 years this indicator reached a maximum value of 8,395,668,000 in 2003 and a minimum value of 571,030,000 in 1998.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets (a third financing item). The difference between the cash surplus or deficit and the three financing items is the net change in the stock of cash.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1998 | 571,030,000 |
| 1999 | 1,730,466,000 |
| 2000 | 3,108,662,000 |
| 2001 | 3,373,837,000 |
| 2002 | 3,412,272,000 |
| 2003 | 8,395,668,000 |
| 2004 | 5,459,763,000 |
| 2005 | 3,754,090,000 |
Net incurrence of liabilities, domestic (% of GDP)
Net incurrence of liabilities, domestic (% of GDP) in Venezuela was 1.23 as of 2005. Its highest value over the past 7 years was 6.25 in 2003, while its lowest value was 1.14 in 1998.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets (a third financing item). The difference between the cash surplus or deficit and the three financing items is the net change in the stock of cash.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1998 | 1.14 |
| 1999 | 2.92 |
| 2000 | 3.90 |
| 2001 | 3.79 |
| 2002 | 3.16 |
| 2003 | 6.25 |
| 2004 | 2.57 |
| 2005 | 1.23 |
Net incurrence of liabilities, foreign (current LCU)
The value for Net incurrence of liabilities, foreign (current LCU) in Venezuela was 9,962,406,000.00 as of 2005. As the graph below shows, over the past 7 years this indicator reached a maximum value of 9,962,406,000.00 in 2005 and a minimum value of -689,356,700.00 in 2002.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets (a third financing item). The difference between the cash surplus or deficit and the three financing items is the net change in the stock of cash.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
| Year | Value |
|---|---|
| 1998 | 70,726,000.00 |
| 1999 | -623,617,000.00 |
| 2000 | -406,987,000.00 |
| 2001 | 167,506,000.00 |
| 2002 | -689,356,700.00 |
| 2003 | 221,828,900.00 |
| 2004 | 5,814,928,000.00 |
| 2005 | 9,962,406,000.00 |
Net incurrence of liabilities, foreign (% of GDP)
Net incurrence of liabilities, foreign (% of GDP) in Venezuela was 3.28 as of 2005. Its highest value over the past 7 years was 3.28 in 2005, while its lowest value was -1.05 in 1999.
Definition: Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets (a third financing item). The difference between the cash surplus or deficit and the three financing items is the net change in the stock of cash.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.
See also:
| Year | Value |
|---|---|
| 1998 | 0.14 |
| 1999 | -1.05 |
| 2000 | -0.51 |
| 2001 | 0.19 |
| 2002 | -0.64 |
| 2003 | 0.17 |
| 2004 | 2.73 |
| 2005 | 3.28 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
