Government debt; debt instruments, counterpart sector, valuation, sectors

Government debt; debt instruments, counterpart sector, valuation, sectors

Institutional sectors Debt instruments Counterpart sectors Face value and market value Periods Total government debt (million euros)
General government AF32 Long-term debt securities Total all sectors Face value 2025 2nd quarter* 399,616
General government AF32 Long-term debt securities Total all sectors Market value 2025 2nd quarter* 371,566
General government AF32 Long-term debt securities Total domestic sectors Face value 2025 2nd quarter* 209,772
General government AF32 Long-term debt securities Total domestic sectors Market value 2025 2nd quarter* 195,323
General government AF32 Long-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
General government AF32 Long-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
General government AF32 Long-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 132,898
General government AF32 Long-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 123,571
General government AF32 Long-term debt securities Other financial institutions Face value 2025 2nd quarter* 3,493
General government AF32 Long-term debt securities Other financial institutions Market value 2025 2nd quarter* 3,241
General government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 72,038
General government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 67,262
General government AF32 Long-term debt securities General government Face value 2025 2nd quarter*
General government AF32 Long-term debt securities General government Market value 2025 2nd quarter*
General government AF32 Long-term debt securities Households including NPISHs Face value 2025 2nd quarter* 1,343
General government AF32 Long-term debt securities Households including NPISHs Market value 2025 2nd quarter* 1,249
General government AF32 Long-term debt securities Rest of the world Face value 2025 2nd quarter* 189,844
General government AF32 Long-term debt securities Rest of the world Market value 2025 2nd quarter* 176,243
General government AF42 Long-term loans Total all sectors Face value 2025 2nd quarter* 66,954
General government AF42 Long-term loans Total all sectors Market value 2025 2nd quarter* 67,340
General government AF42 Long-term loans Total domestic sectors Face value 2025 2nd quarter* 54,186
General government AF42 Long-term loans Total domestic sectors Market value 2025 2nd quarter* 54,526
General government AF42 Long-term loans The non-financial corporations sector Face value 2025 2nd quarter* 7,207
General government AF42 Long-term loans The non-financial corporations sector Market value 2025 2nd quarter* 7,207
General government AF42 Long-term loans Monetary financial institutions Face value 2025 2nd quarter* 46,243
General government AF42 Long-term loans Monetary financial institutions Market value 2025 2nd quarter* 46,578
General government AF42 Long-term loans Other financial institutions Face value 2025 2nd quarter* 210
General government AF42 Long-term loans Other financial institutions Market value 2025 2nd quarter* 210
General government AF42 Long-term loans Insurance corporations and pension funds Face value 2025 2nd quarter* 381
General government AF42 Long-term loans Insurance corporations and pension funds Market value 2025 2nd quarter* 386
General government AF42 Long-term loans General government Face value 2025 2nd quarter*
General government AF42 Long-term loans General government Market value 2025 2nd quarter*
General government AF42 Long-term loans Households including NPISHs Face value 2025 2nd quarter* 145
General government AF42 Long-term loans Households including NPISHs Market value 2025 2nd quarter* 145
General government AF42 Long-term loans Rest of the world Face value 2025 2nd quarter* 12,768
General government AF42 Long-term loans Rest of the world Market value 2025 2nd quarter* 12,814
Central government AF32 Long-term debt securities Total all sectors Face value 2025 2nd quarter* 396,274
Central government AF32 Long-term debt securities Total all sectors Market value 2025 2nd quarter* 368,512
Central government AF32 Long-term debt securities Total domestic sectors Face value 2025 2nd quarter* 207,124
Central government AF32 Long-term debt securities Total domestic sectors Market value 2025 2nd quarter* 192,898
Central government AF32 Long-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
Central government AF32 Long-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
Central government AF32 Long-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 130,146
Central government AF32 Long-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 121,050
Central government AF32 Long-term debt securities Other financial institutions Face value 2025 2nd quarter* 3,493
Central government AF32 Long-term debt securities Other financial institutions Market value 2025 2nd quarter* 3,241
Central government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 71,978
Central government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 67,207
Central government AF32 Long-term debt securities General government Face value 2025 2nd quarter* 164
Central government AF32 Long-term debt securities General government Market value 2025 2nd quarter* 151
Central government AF32 Long-term debt securities Households including NPISHs Face value 2025 2nd quarter* 1,343
Central government AF32 Long-term debt securities Households including NPISHs Market value 2025 2nd quarter* 1,249
Central government AF32 Long-term debt securities Rest of the world Face value 2025 2nd quarter* 189,150
Central government AF32 Long-term debt securities Rest of the world Market value 2025 2nd quarter* 175,614
Central government AF42 Long-term loans Total all sectors Face value 2025 2nd quarter* 22,123
Central government AF42 Long-term loans Total all sectors Market value 2025 2nd quarter* 22,175
Central government AF42 Long-term loans Total domestic sectors Face value 2025 2nd quarter* 9,960
Central government AF42 Long-term loans Total domestic sectors Market value 2025 2nd quarter* 9,969
Central government AF42 Long-term loans The non-financial corporations sector Face value 2025 2nd quarter* 7,140
Central government AF42 Long-term loans The non-financial corporations sector Market value 2025 2nd quarter* 7,140
Central government AF42 Long-term loans Monetary financial institutions Face value 2025 2nd quarter* 2,662
Central government AF42 Long-term loans Monetary financial institutions Market value 2025 2nd quarter* 2,671
Central government AF42 Long-term loans Other financial institutions Face value 2025 2nd quarter* 0
Central government AF42 Long-term loans Other financial institutions Market value 2025 2nd quarter* 0
Central government AF42 Long-term loans Insurance corporations and pension funds Face value 2025 2nd quarter* 15
Central government AF42 Long-term loans Insurance corporations and pension funds Market value 2025 2nd quarter* 15
Central government AF42 Long-term loans General government Face value 2025 2nd quarter* 11
Central government AF42 Long-term loans General government Market value 2025 2nd quarter* 11
Central government AF42 Long-term loans Households including NPISHs Face value 2025 2nd quarter* 132
Central government AF42 Long-term loans Households including NPISHs Market value 2025 2nd quarter* 132
Central government AF42 Long-term loans Rest of the world Face value 2025 2nd quarter* 12,163
Central government AF42 Long-term loans Rest of the world Market value 2025 2nd quarter* 12,206
The State AF32 Long-term debt securities Total all sectors Face value 2025 2nd quarter* 396,335
The State AF32 Long-term debt securities Total all sectors Market value 2025 2nd quarter* 368,569
The State AF32 Long-term debt securities Total domestic sectors Face value 2025 2nd quarter* 207,185
The State AF32 Long-term debt securities Total domestic sectors Market value 2025 2nd quarter* 192,955
The State AF32 Long-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
The State AF32 Long-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
The State AF32 Long-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 130,146
The State AF32 Long-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 121,050
The State AF32 Long-term debt securities Other financial institutions Face value 2025 2nd quarter* 3,493
The State AF32 Long-term debt securities Other financial institutions Market value 2025 2nd quarter* 3,241
The State AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 71,978
The State AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 67,207
The State AF32 Long-term debt securities General government Face value 2025 2nd quarter* 225
The State AF32 Long-term debt securities General government Market value 2025 2nd quarter* 208
The State AF32 Long-term debt securities Households including NPISHs Face value 2025 2nd quarter* 1,343
The State AF32 Long-term debt securities Households including NPISHs Market value 2025 2nd quarter* 1,249
The State AF32 Long-term debt securities Rest of the world Face value 2025 2nd quarter* 189,150
The State AF32 Long-term debt securities Rest of the world Market value 2025 2nd quarter* 175,614
The State AF42 Long-term loans Total all sectors Face value 2025 2nd quarter* 20,249
The State AF42 Long-term loans Total all sectors Market value 2025 2nd quarter* 20,233
The State AF42 Long-term loans Total domestic sectors Face value 2025 2nd quarter* 8,777
The State AF42 Long-term loans Total domestic sectors Market value 2025 2nd quarter* 8,718
The State AF42 Long-term loans The non-financial corporations sector Face value 2025 2nd quarter* 7,121
The State AF42 Long-term loans The non-financial corporations sector Market value 2025 2nd quarter* 7,121
The State AF42 Long-term loans Monetary financial institutions Face value 2025 2nd quarter* 3
The State AF42 Long-term loans Monetary financial institutions Market value 2025 2nd quarter* 3
The State AF42 Long-term loans Other financial institutions Face value 2025 2nd quarter* 0
The State AF42 Long-term loans Other financial institutions Market value 2025 2nd quarter* 0
Source: CBS.
Explanation of symbols

Table explanation


This table contains information on general government debt.
Debt is broken down into debt instruments and counterpart sectors (debt holders). Government debt is presented at face value (redemption value of debt) as well as market value (value at which debt can be traded). General government debt according to the Maastricht-definitions relevant in the Stability and Growth Pact is valued at face value, whereas the market value is applied in national accounts.
Government debt denominated in euros as well as debt denominated in foreign currency are separately disclosed. Foreign currency debt is valued at prevailing currency exchange rate.
The figures are consolidated which means that flows between units that belong to the same sector of general government are eliminated. As a result, the debt of subsectors do not add up to total debt of general government. For example, debt of the State to social security funds is part of debt of the State. However, it is not included in the consolidated debt of general government, because it is debt of general government to general government.
The terms and definitions used are in accordance with the framework of the national accounts. National accounts are based on the international definitions of the European System of Accounts (ESA 2010). Small temporary differences in this table with publications of the Dutch national accounts may occur due to the fact that the Dutch government finance statistics are sometimes more up to date.

Data available from:
Yearly figures from 1995, quarterly figures from 1999.

Status of the figures:
The figures for the period 1995-2023 are final. The figures for 2024 and 2025 are provisional.

Changes as of 23 September 2025:
Figures for the first quarter of 2025 have been adjusted. The figures for the second quarter of 2025 are available.

When will new figures be published?
Provisional quarterly figures are published three months after the end of the quarter. In September the figures on the first quarter may be revised, in December the figures on the second quarter may be revised and in March the first three quarters may be revised. Yearly figures are published for the first time three months after the end of the year concerned. Yearly figures are revised two times: 6 and 18 months after the end of the year. Please note that there is a possibility that adjustments might take place at the end of March or September, in order to provide the European Commission with the latest figures. Revised yearly figures are published in June each year. Quarterly figures are aligned to revised years at the end of June. More information on the revision policy of Dutch national accounts and government finance statistics can be found under 'relevant articles' under paragraph 3.

Description topics

Total government debt
The consolidated debt of the general government sector excluding other accounts payable and debt on financial derivatives. Government debt according to the EMU definition consists of the following debt instruments: deposits, short term debt securities, long term debt securities, short term loans and long term loans. The government debt (or Maastricht debt) is one of the elements of the Stability and Growth Pact.