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