OECD members - Net incurrence of liabilities

Net incurrence of liabilities, total (% of GDP)

Net incurrence of liabilities, total (% of GDP) in OECD members was 3.98 as of 1993. Its highest value over the past 18 years was 4.65 in 1983, while its lowest value was 1.74 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 3.24
1976 3.84
1977 3.40
1978 3.13
1979 2.44
1980 2.75
1981 3.13
1982 3.63
1983 4.65
1984 4.14
1985 4.40
1986 4.17
1987 2.69
1988 2.52
1989 1.74
1990 2.70
1991 2.89
1992 3.61
1993 3.98

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance