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
