European Union - Net incurrence of liabilities
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in European Union was 3.17 as of 1990. Its highest value over the past 14 years was 5.14 in 1985, while its lowest value was 2.87 in 1979.
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.
Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.
See also:
| Year | Value |
|---|---|
| 1976 | 2.91 |
| 1977 | 3.33 |
| 1978 | 3.86 |
| 1979 | 2.87 |
| 1980 | 2.92 |
| 1981 | 4.32 |
| 1984 | 4.71 |
| 1985 | 5.14 |
| 1986 | 3.79 |
| 1987 | 3.49 |
| 1988 | 3.29 |
| 1990 | 3.17 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
