Iraq - Net incurrence of liabilities
Net incurrence of liabilities, total (current LCU)
The value for Net incurrence of liabilities, total (current LCU) in Iraq was -1,017,210,000,000 as of 2019. As the graph below shows, over the past 5 years this indicator reached a maximum value of 13,554,300,000,000 in 2015 and a minimum value of -1,017,210,000,000 in 2019.
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 |
|---|---|
| 2014 | 8,721,460,000,000 |
| 2015 | 13,554,300,000,000 |
| 2016 | 11,871,500,000,000 |
| 2017 | 8,243,220,000,000 |
| 2018 | 3,585,050,000,000 |
| 2019 | -1,017,210,000,000 |
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in Iraq was -0.37 as of 2019. Its highest value over the past 5 years was 6.96 in 2015, while its lowest value was -0.37 in 2019.
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 |
|---|---|
| 2014 | 3.27 |
| 2015 | 6.96 |
| 2016 | 6.03 |
| 2017 | 3.72 |
| 2018 | 1.33 |
| 2019 | -0.37 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
