Definition
Debt concept used in the context of the Stability and Growth Pact and, commonly, in the analysis of public finance sustainability. It includes the liabilities of General Government materialized in cash and deposits, debt securities, and loans, valued at their nominal (face) values and excluding liabilities issued by General Government held by other units of the same sector (consolidation)
Further information
Related concepts
References
- Manual on Government Deficit and Debt – Implementation of ESA 2010 – 2022 edition.

- Government Finance Statistics (Eurostat).

Legal frame
- Commission Regulation (EU) 220/2014 of 7 March 2014 amending Regulation (EC) 479/2009 as regards references to the European System of National and Regional Accounts of the EU.

- Stability and Growth Pact

- Council Regulation (EU) No 1177/2011 of 8 November 2011 amending Regulation (EC) No 1467/97 on speeding up and clarifying the implementation of the excessive deficit procedure.

- Council Regulation (EC) No 479/2009 of 25 May 2009 on the application of the Protocol on the excessive deficit procedure annexed to the Treaty establishing the European Community.

- Council Regulation (EU) No 679/2010 of 26 July 2010 amending Regulation (EC) No 479/2009 as regards the quality of statistical data in the context of the excessive deficit procedure.

Links to data tables
Selection of tables
Other resources
Update date: January 2025