Net incurrence of liabilities, total in Kiribati
Kiribati: Net incurrence of liabilities, total was -12.76 million current LCU in 2023. ◆ Volatile
Net incurrence of liabilities, total in Kiribati, 2011–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kiribati recorded -12.76 million current LCU for net incurrence of liabilities, total in 2023.
That represents a change of down 549.5% on the previous year and up 35.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Kiribati peaked at 2.00 million current LCU in 2011 and was at its lowest, -19.67 million current LCU, in 2013.
That places Kiribati 125th out of 136 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | -3.83 million current LCU | -19.67 million current LCU | 2.00 million current LCU | 9 |
| 2020s | -4.84 million current LCU | -12.76 million current LCU | -1.23 million current LCU | 4 |
Countries ranked near Kiribati
- 122 Tonga 693,426 current LCU compare
- 123 Marshall Islands -241,000 current LCU compare
- 124 Nauru -3.75 million current LCU compare
- 126 Saint Lucia -23.24 million current LCU compare
- 127 Saint Kitts and Nevis -24.10 million current LCU compare
- 128 East Timor -59.55 million current LCU compare
More public sector data for Kiribati
- Tax revenue 17.5% (2023)
- Taxes on income, profits and capital gains 7.4% (2023)
- Taxes on goods and services 11.8% (2023)
- Net investment in nonfinancial assets 7.1% (2023)
- Net lending (+) / net borrowing (-) -1.4% (2023)
- Interest payments 0.7% (2023)
- Grants and other revenue 80.4% (2023)
- Interest payments 0.8% (2023)
- Compensation of employees 31.4% (2023)
- Goods and services expense 29.4% (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Kiribati?
- Net incurrence of liabilities, total in Kiribati was -12.76 million current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Kiribati?
- The highest recorded value was 2.00 million current LCU in 2011.
- What is the lowest net incurrence of liabilities, total recorded in Kiribati?
- The lowest recorded value was -19.67 million current LCU in 2013.
- How does Kiribati rank for net incurrence of liabilities, total?
- Kiribati ranks 125th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Kiribati?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
- Where does this Kiribati data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.