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GROSS DEBT

Statistics Directorate    
Definition:
Debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.

Context:
Thus, all liabilities in the GFS system are debt, except for shares and other equity and financial derivatives.

Net debt includes the stocks of all financial liabilities minus the corresponding financial assets.

Source Publication:
IMF, 2007, Manual on Fiscal Transparency, IMF, Washington DC, Glossary.

Statistical Theme: Financial statistics

Created on Monday, July 23, 2007

Last updated on Thursday, July 26, 2007