IDA only - Net incurrence of liabilities

Net incurrence of liabilities, total (% of GDP)

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.

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Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance