Kiribati - Net incurrence of liabilities

Net incurrence of liabilities, total (current LCU)

The value for Net incurrence of liabilities, total (current LCU) in Kiribati was -563,332 as of 2019. As the graph below shows, over the past 8 years this indicator reached a maximum value of 1,999,116 in 2011 and a minimum value of -19,666,820 in 2013.

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.

Year	Value
2011	1,999,116
2012	-702,767
2013	-19,666,820
2014	-9,912,570
2015	-1,082,514
2016	-1,612,507
2017	-2,037,259
2018	-905,218
2019	-563,332

Net incurrence of liabilities, total (% of GDP)

Net incurrence of liabilities, total (% of GDP) in Kiribati was -0.21 as of 2019. Its highest value over the past 8 years was 1.13 in 2011, while its lowest value was -10.26 in 2013.

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:

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Year	Value
2011	1.13
2012	-0.38
2013	-10.26
2014	-4.97
2015	-0.48
2016	-0.67
2017	-0.83
2018	-0.34
2019	-0.21

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance