Micronesia - Net incurrence of liabilities
Net incurrence of liabilities, total (current LCU)
The value for Net incurrence of liabilities, total (current LCU) in Micronesia was -5,937,904 as of 2019. As the graph below shows, over the past 11 years this indicator reached a maximum value of 28,140,250 in 2017 and a minimum value of -19,952,880 in 2018.
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 |
---|---|
2008 | 8,082,771 |
2009 | 1,833,140 |
2010 | -695,324 |
2011 | 7,149,224 |
2012 | 8,274,637 |
2013 | -5,241,423 |
2014 | -8,813,292 |
2015 | 8,636,883 |
2016 | 6,954,003 |
2017 | 28,140,250 |
2018 | -19,952,880 |
2019 | -5,937,904 |
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in Micronesia was -1.46 as of 2019. Its highest value over the past 11 years was 7.67 in 2017, while its lowest value was -4.96 in 2018.
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 |
---|---|
2008 | 3.07 |
2009 | 0.65 |
2010 | -0.23 |
2011 | 2.30 |
2012 | 2.53 |
2013 | -1.65 |
2014 | -2.76 |
2015 | 2.73 |
2016 | 2.09 |
2017 | 7.67 |
2018 | -4.96 |
2019 | -1.46 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance