World Bank · Public Sector

Cyprus: Net incurrence of liabilities, total (current LCU)

71.42Mcurrent LCU · 1994-48.1% since 1984

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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units. Annual figures for Cyprus from 1972 to 1994.