Spain | Net incurrence of liabilities, total (% of GDP)
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. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Kingdom of Spain
Records
63
Source
Spain | Net incurrence of liabilities, total (% of GDP)
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972 1.16030318
1973 0.48666605
1974 1.22608622
1975 1.7226813
1976 1.46306107
1977 2.67290576
1978 1.9612962
1979 3.28864529
1980 3.73553185
1981 4.66120691
1982 5.30113614
1983 6.7548641
1984 8.09718664
1985 6.48466615
1986 4.34784007
1987 3.81300425
1988 3.44609308
1989 2.32421497
1990 5.32762818
1991 3.25384009
1992 3.91382875
1993 10.21209394
1994 4.39127363
1995 6.54809897
1996 7.97772966
1997 2.85791833
1998 3.25558837
1999 2.54664913
2000 1.86261148
2001 -0.354539
2002 0.56684458
2003 -0.8133007
2004 0.53785815
2005 -0.19291044
2006 -0.19738592
2007 -0.77052693
2008 3.91556453
2009 11.1275405
2010 4.73605751
2011 6.45520116
2012 17.95107466
2013 8.4790189
2014 6.71943802
2015 5.50182698
2016 4.22853679
2017 5.86401095
2018 4.91523262
2019 3.08651366
2020 13.07159726
2021 10.03468353
2022
Spain | Net incurrence of liabilities, total (% of GDP)
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. Limitations and exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries. Statistical concept and methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.
Publisher
The World Bank
Origin
Kingdom of Spain
Records
63
Source