General Government Gross Debt is the gross debt liabilities of the consolidated General Government (GG) sector, at nominal value. It excludes liabilities in derivatives, equity liabilities, pension and insurance liabilities and accounts payable.
General Government Net Debt is a measure produced in accordance with the methodology of the IMF/World Bank Public Sector Debt Statistics Guide, by subtracting from the GG Gross Debt figure the value of the financial assets corresponding to the categories of financial liabilities which comprise GG Gross Debt, i.e. currency and deposits; short and long-term debt securities; and short and long-term loans.
The Central Statistics Office (CSO) recently published the Government Finance Statistics Quarterly Results. The reconciliation between Gross GG Debt and Net GG Debt can be found in Table 7 General Government Gross and Net Debt.
-
|
2016 €millions
|
Gross General Government Debt (face value)
|
200,595
|
Less EDP debt instrument assets by category:
|
|
Currency and deposits
|
14,286
|
Debt securities
|
|
Short-term
|
143
|
Long-term
|
2,019
|
Loans
|
|
Short-term
|
939
|
Long-term
|
7,588
|
Net General Government Debt (face value)
|
175,620
|
Source: CSO