Net incurrence of liabilities, total (% of GDP) - Country Ranking - Asia

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: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Bhutan 10.86 2017
2 Lebanon 9.40 2017
3 Singapore 9.13 2018
4 Mongolia 6.37 2017
5 Iraq 5.74 2016
6 Sri Lanka 5.58 2018
7 Saudi Arabia 4.91 2017
8 Jordan 4.56 2017
9 Malaysia 3.74 2018
10 Bangladesh 3.68 2016
11 Armenia 3.48 2018
12 Nepal 3.45 2017
13 Indonesia 3.16 2017
14 Japan 3.12 2017
15 Turkey 2.97 2018
16 Israel 2.93 2018
17 Philippines 2.90 2018
18 India 2.69 2017
19 Georgia 2.52 2018
20 Thailand 2.44 2018
21 Cambodia 1.89 2018
22 China 1.82 2016
23 Korea 1.45 2017
24 Myanmar 1.42 2017
25 Timor-Leste 1.29 2017
26 Iran 1.20 2006
27 Kyrgyz Republic 1.19 2018
28 Kazakhstan 1.12 2018
29 Russia 0.97 2018
30 Afghanistan 0.37 2017
31 United Arab Emirates 0.02 2018
32 Tajikistan -0.06 2001
33 Uzbekistan -0.26 2018
34 Azerbaijan -1.64 2017
35 Bahrain -2.01 2004

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Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual