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Government finance statistics: long-term debt securities – Products Eurostat News

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The general government financial accounts cover transactions in financial assets and liabilities as well as the stock of financial assets and liabilities. In recent quarters, the liabilities of EU and euro area governments generally increased because governments needed to finance their deficits or acquisition of assets. Government deficits rose considerably during the COVID-19 pandemic due to increased expenditure as well as lower revenues. The incurrence of liabilities occurred notably by issuing long-term debt securities (bonds) that are issued with a maturity longer than a year. These financial instruments make up around 3/4 of total liabilities. 

 

Source dataset: gov_10q_ggfa 

The outstanding amount of liabilities changes either due to transactions (mainly due to net issuance, but also due to accrued interest) or due to other economic flows (mainly price changes also known as holding gains or loss). As long-term debt securities are…

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