General government debt

General government debt is general government sector consolidated gross debt valued at nominal value, and it is also known as EDP debt (= Excessive Deficit Proce-dure).

It comprises bonds, short-term securities, short-term and long-term loans and deposits received by general government from other sectors of the national economy or from the rest of the world. The EDP debt concept used in reporting according to the European Union's Growth and Stability Pact differs from that of ESA 2010 with regard to valuation and coverage. Finan-cial assets and liabilities are valued at market value in ESA 2010-compliant financial accounts, whereas general government EDP debt is valued at nominal value. Of the financial claims in ESA 2010, for example, deriva-tives, trade credits and advances are not included in the loan stock.

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus