High income - Net incurrence of liabilities
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in High income was 4.00 as of 1993. Its highest value over the past 18 years was 4.71 in 1983, while its lowest value was 1.76 in 1989.
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 |
|---|---|
| 1975 | 3.35 |
| 1976 | 3.97 |
| 1977 | 3.42 |
| 1978 | 3.17 |
| 1979 | 2.43 |
| 1980 | 2.80 |
| 1981 | 3.20 |
| 1982 | 3.70 |
| 1983 | 4.71 |
| 1984 | 4.18 |
| 1985 | 4.43 |
| 1986 | 4.21 |
| 1987 | 2.81 |
| 1988 | 2.52 |
| 1989 | 1.76 |
| 1990 | 2.79 |
| 1991 | 2.95 |
| 1992 | 3.65 |
| 1993 | 4.00 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
