Lower middle income - Net incurrence of liabilities
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in Lower middle income was 3.80 as of 2016. Its highest value over the past 14 years was 4.56 in 2009, while its lowest value was 3.48 in 2003.
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 |
|---|---|
| 2002 | 4.31 |
| 2003 | 3.48 |
| 2004 | 3.73 |
| 2008 | 3.68 |
| 2009 | 4.56 |
| 2010 | 3.86 |
| 2011 | 4.38 |
| 2012 | 4.30 |
| 2014 | 3.52 |
| 2015 | 3.78 |
| 2016 | 3.80 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
