Papua New Guinea PG: Net Incurrence of Liabilities: Total: % of GDP

Papua New Guinea PG: Net Incurrence of Liabilities: Total: % of GDP data was reported at 6.324 % in 2016. This records an increase from the previous number of 4.554 % for 2015. Papua New Guinea PG: Net Incurrence of Liabilities: Total: % of GDP data is updated yearly, averaging 3.801 % from Dec 1990 (Median) to 2016, with 16 observations. The data reached an all-time high of 8.377 % in 1993 and a record low of 0.361 % in 1990. Papua New Guinea PG: Net Incurrence of Liabilities: Total: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Papua New Guinea – Table PG.World Bank: Government Revenue, Expenditure and Finance. 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.; ; International Monetary Fund, Government Finance Statistics Yearbook and data files.; Weighted Average;

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