General government deficit

General government deficit is defined as the fiscal position of government after accounting for capital expenditures. "Net lending" means that government is providing financial resources to other sectors, while "net borrowing" means that government requires financial resources from other sectors. General government net lending is calculated as: gross savings plus net capital transfers (receivable minus payable) minus gross capital formation, followed by the subtraction of acquisitions minus disposals of non-produced, non-financial assets. This indicator is measured as a percentage of GDP. All OECD countries compile their data according to the 2008 System of National Accounts (SNA 2008), except Chile, Japan and Turkey (SNA 1993).

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Keywords: general government net lending