Definition: Quarterly government debt

Category: Quarterly national accounts

"Quarterly government debt" means the total gross debt at nominal value outstanding at the end of each quarter of the sector of general government (S.13), with the exception of those liabilities the corresponding financial assets of which are held by the sector of general government (S.13).

The quarterly government debt is constituted by the liabilities of general government in the following categories: currency and deposits (AF.2); securities other than shares, excluding financial derivatives (AF.33) and loans (AF.4), as defined in ESA 95. http://eur-lex.europa.eu/LexUriServ/site/en/oj/2004/l_233/l_23320040702en00010002.pdf