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* 394,681
General government AF32 Long-term debt securities Total all sectors Market value 2025* 363,198
General government AF32 Long-term debt securities Total domestic sectors Face value 2025* 201,959
General government AF32 Long-term debt securities Total domestic sectors Market value 2025* 185,871
General government AF32 Long-term debt securities The non-financial corporations sector Face value 2025* 0
General government AF32 Long-term debt securities The non-financial corporations sector Market value 2025* 0
General government AF32 Long-term debt securities Monetary financial institutions Face value 2025* 125,433
General government AF32 Long-term debt securities Monetary financial institutions Market value 2025* 115,447
General government AF32 Long-term debt securities Other financial institutions Face value 2025* 3,459
General government AF32 Long-term debt securities Other financial institutions Market value 2025* 3,183
General government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025* 71,751
General government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025* 66,030
General government AF32 Long-term debt securities General government Face value 2025*
General government AF32 Long-term debt securities General government Market value 2025*
General government AF32 Long-term debt securities Households including NPISHs Face value 2025* 1,316
General government AF32 Long-term debt securities Households including NPISHs Market value 2025* 1,211
General government AF32 Long-term debt securities Rest of the world Face value 2025* 192,722
General government AF32 Long-term debt securities Rest of the world Market value 2025* 177,327
General government AF42 Long-term loans Total all sectors Face value 2025* 67,338
General government AF42 Long-term loans Total all sectors Market value 2025* 67,706
General government AF42 Long-term loans Total domestic sectors Face value 2025* 54,622
General government AF42 Long-term loans Total domestic sectors Market value 2025* 54,953
General government AF42 Long-term loans The non-financial corporations sector Face value 2025* 7,201
General government AF42 Long-term loans The non-financial corporations sector Market value 2025* 7,201
General government AF42 Long-term loans Monetary financial institutions Face value 2025* 46,669
General government AF42 Long-term loans Monetary financial institutions Market value 2025* 46,994
General government AF42 Long-term loans Other financial institutions Face value 2025* 212
General government AF42 Long-term loans Other financial institutions Market value 2025* 212
General government AF42 Long-term loans Insurance corporations and pension funds Face value 2025* 395
General government AF42 Long-term loans Insurance corporations and pension funds Market value 2025* 401
General government AF42 Long-term loans General government Face value 2025*
General government AF42 Long-term loans General government Market value 2025*
General government AF42 Long-term loans Households including NPISHs Face value 2025* 145
General government AF42 Long-term loans Households including NPISHs Market value 2025* 145
General government AF42 Long-term loans Rest of the world Face value 2025* 12,716
General government AF42 Long-term loans Rest of the world Market value 2025* 12,753
Central government AF32 Long-term debt securities Total all sectors Face value 2025* 391,676
Central government AF32 Long-term debt securities Total all sectors Market value 2025* 360,409
Central government AF32 Long-term debt securities Total domestic sectors Face value 2025* 199,188
Central government AF32 Long-term debt securities Total domestic sectors Market value 2025* 183,294
Central government AF32 Long-term debt securities The non-financial corporations sector Face value 2025* 0
Central government AF32 Long-term debt securities The non-financial corporations sector Market value 2025* 0
Central government AF32 Long-term debt securities Monetary financial institutions Face value 2025* 122,560
Central government AF32 Long-term debt securities Monetary financial institutions Market value 2025* 112,779
Central government AF32 Long-term debt securities Other financial institutions Face value 2025* 3,459
Central government AF32 Long-term debt securities Other financial institutions Market value 2025* 3,183
Central government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025* 71,697
Central government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025* 65,975
Central government AF32 Long-term debt securities General government Face value 2025* 156
Central government AF32 Long-term debt securities General government Market value 2025* 146
Central government AF32 Long-term debt securities Households including NPISHs Face value 2025* 1,316
Central government AF32 Long-term debt securities Households including NPISHs Market value 2025* 1,211
Central government AF32 Long-term debt securities Rest of the world Face value 2025* 192,488
Central government AF32 Long-term debt securities Rest of the world Market value 2025* 177,115
Central government AF42 Long-term loans Total all sectors Face value 2025* 22,167
Central government AF42 Long-term loans Total all sectors Market value 2025* 22,210
Central government AF42 Long-term loans Total domestic sectors Face value 2025* 10,049
Central government AF42 Long-term loans Total domestic sectors Market value 2025* 10,057
Central government AF42 Long-term loans The non-financial corporations sector Face value 2025* 7,135
Central government AF42 Long-term loans The non-financial corporations sector Market value 2025* 7,135
Central government AF42 Long-term loans Monetary financial institutions Face value 2025* 2,757
Central government AF42 Long-term loans Monetary financial institutions Market value 2025* 2,765
Central government AF42 Long-term loans Other financial institutions Face value 2025* 0
Central government AF42 Long-term loans Other financial institutions Market value 2025* 0
Central government AF42 Long-term loans Insurance corporations and pension funds Face value 2025* 15
Central government AF42 Long-term loans Insurance corporations and pension funds Market value 2025* 15
Central government AF42 Long-term loans General government Face value 2025* 10
Central government AF42 Long-term loans General government Market value 2025* 10
Central government AF42 Long-term loans Households including NPISHs Face value 2025* 132
Central government AF42 Long-term loans Households including NPISHs Market value 2025* 132
Central government AF42 Long-term loans Rest of the world Face value 2025* 12,118
Central government AF42 Long-term loans Rest of the world Market value 2025* 12,153
The State AF32 Long-term debt securities Total all sectors Face value 2025* 391,739
The State AF32 Long-term debt securities Total all sectors Market value 2025* 360,469
The State AF32 Long-term debt securities Total domestic sectors Face value 2025* 199,251
The State AF32 Long-term debt securities Total domestic sectors Market value 2025* 183,354
The State AF32 Long-term debt securities The non-financial corporations sector Face value 2025* 0
The State AF32 Long-term debt securities The non-financial corporations sector Market value 2025* 0
The State AF32 Long-term debt securities Monetary financial institutions Face value 2025* 122,560
The State AF32 Long-term debt securities Monetary financial institutions Market value 2025* 112,779
The State AF32 Long-term debt securities Other financial institutions Face value 2025* 3,459
The State AF32 Long-term debt securities Other financial institutions Market value 2025* 3,183
The State AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025* 71,697
The State AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025* 65,975
The State AF32 Long-term debt securities General government Face value 2025* 219
The State AF32 Long-term debt securities General government Market value 2025* 206
The State AF32 Long-term debt securities Households including NPISHs Face value 2025* 1,316
The State AF32 Long-term debt securities Households including NPISHs Market value 2025* 1,211
The State AF32 Long-term debt securities Rest of the world Face value 2025* 192,488
The State AF32 Long-term debt securities Rest of the world Market value 2025* 177,115
The State AF42 Long-term loans Total all sectors Face value 2025* 20,207
The State AF42 Long-term loans Total all sectors Market value 2025* 20,177
The State AF42 Long-term loans Total domestic sectors Face value 2025* 8,773
The State AF42 Long-term loans Total domestic sectors Market value 2025* 8,708
The State AF42 Long-term loans The non-financial corporations sector Face value 2025* 7,116
The State AF42 Long-term loans The non-financial corporations sector Market value 2025* 7,116
The State AF42 Long-term loans Monetary financial institutions Face value 2025* 4
The State AF42 Long-term loans Monetary financial institutions Market value 2025* 3
The State AF42 Long-term loans Other financial institutions Face value 2025* 0
The State AF42 Long-term loans Other financial institutions Market value 2025* 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 26 March 2026:
Data on the fourth quarter of 2025 and annual data on 2025 are available. The figures for the first three quarters of 2025 have been revised.

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.