Trinidad and Tobago - Net incurrence of liabilities

Net incurrence of liabilities, total (current LCU)

The value for Net incurrence of liabilities, total (current LCU) in Trinidad and Tobago was 2,405,300,000 as of 2018. As the graph below shows, over the past 12 years this indicator reached a maximum value of 10,471,600,000 in 2017 and a minimum value of -2,124,700,000 in 2010.

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
2006 -1,476,400,000
2007 -422,300,000
2008 -136,300,000
2009 -179,600,000
2010 -2,124,700,000
2011 3,991,800,000
2012 2,808,300,000
2013 -461,900,000
2014 3,488,300,000
2015 945,900,000
2016 10,471,600,000
2017 10,471,600,000
2018 2,405,300,000

Net incurrence of liabilities, total (% of GDP)

Net incurrence of liabilities, total (% of GDP) in Trinidad and Tobago was 1.50 as of 2018. Its highest value over the past 12 years was 7.01 in 2016, while its lowest value was -1.50 in 2010.

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
2006 -1.27
2007 -0.31
2008 -0.08
2009 -0.15
2010 -1.50
2011 2.45
2012 1.70
2013 -0.26
2014 1.97
2015 0.59
2016 7.01
2017 6.90
2018 1.50

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance