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 3rd quarter* 388,163
General government AF32 Long-term debt securities Total all sectors Market value 2025 3rd quarter* 357,666
General government AF32 Long-term debt securities Total domestic sectors Face value 2025 3rd quarter* 200,148
General government AF32 Long-term debt securities Total domestic sectors Market value 2025 3rd quarter* 184,116
General government AF32 Long-term debt securities The non-financial corporations sector Face value 2025 3rd quarter* 0
General government AF32 Long-term debt securities The non-financial corporations sector Market value 2025 3rd quarter* 0
General government AF32 Long-term debt securities Monetary financial institutions Face value 2025 3rd quarter* 125,038
General government AF32 Long-term debt securities Monetary financial institutions Market value 2025 3rd quarter* 115,179
General government AF32 Long-term debt securities Other financial institutions Face value 2025 3rd quarter* 3,456
General government AF32 Long-term debt securities Other financial institutions Market value 2025 3rd quarter* 3,151
General government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 3rd quarter* 70,293
General government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 3rd quarter* 64,534
General government AF32 Long-term debt securities General government Face value 2025 3rd quarter*
General government AF32 Long-term debt securities General government Market value 2025 3rd quarter*
General government AF32 Long-term debt securities Households including NPISHs Face value 2025 3rd quarter* 1,361
General government AF32 Long-term debt securities Households including NPISHs Market value 2025 3rd quarter* 1,252
General government AF32 Long-term debt securities Rest of the world Face value 2025 3rd quarter* 188,015
General government AF32 Long-term debt securities Rest of the world Market value 2025 3rd quarter* 173,550
General government AF42 Long-term loans Total all sectors Face value 2025 3rd quarter* 66,939
General government AF42 Long-term loans Total all sectors Market value 2025 3rd quarter* 67,322
General government AF42 Long-term loans Total domestic sectors Face value 2025 3rd quarter* 54,173
General government AF42 Long-term loans Total domestic sectors Market value 2025 3rd quarter* 54,509
General government AF42 Long-term loans The non-financial corporations sector Face value 2025 3rd quarter* 7,204
General government AF42 Long-term loans The non-financial corporations sector Market value 2025 3rd quarter* 7,204
General government AF42 Long-term loans Monetary financial institutions Face value 2025 3rd quarter* 46,227
General government AF42 Long-term loans Monetary financial institutions Market value 2025 3rd quarter* 46,538
General government AF42 Long-term loans Other financial institutions Face value 2025 3rd quarter* 216
General government AF42 Long-term loans Other financial institutions Market value 2025 3rd quarter* 216
General government AF42 Long-term loans Insurance corporations and pension funds Face value 2025 3rd quarter* 381
General government AF42 Long-term loans Insurance corporations and pension funds Market value 2025 3rd quarter* 406
General government AF42 Long-term loans General government Face value 2025 3rd quarter*
General government AF42 Long-term loans General government Market value 2025 3rd quarter*
General government AF42 Long-term loans Households including NPISHs Face value 2025 3rd quarter* 145
General government AF42 Long-term loans Households including NPISHs Market value 2025 3rd quarter* 145
General government AF42 Long-term loans Rest of the world Face value 2025 3rd quarter* 12,766
General government AF42 Long-term loans Rest of the world Market value 2025 3rd quarter* 12,813
Central government AF32 Long-term debt securities Total all sectors Face value 2025 3rd quarter* 385,143
Central government AF32 Long-term debt securities Total all sectors Market value 2025 3rd quarter* 354,892
Central government AF32 Long-term debt securities Total domestic sectors Face value 2025 3rd quarter* 197,317
Central government AF32 Long-term debt securities Total domestic sectors Market value 2025 3rd quarter* 181,528
Central government AF32 Long-term debt securities The non-financial corporations sector Face value 2025 3rd quarter* 0
Central government AF32 Long-term debt securities The non-financial corporations sector Market value 2025 3rd quarter* 0
Central government AF32 Long-term debt securities Monetary financial institutions Face value 2025 3rd quarter* 122,106
Central government AF32 Long-term debt securities Monetary financial institutions Market value 2025 3rd quarter* 112,498
Central government AF32 Long-term debt securities Other financial institutions Face value 2025 3rd quarter* 3,456
Central government AF32 Long-term debt securities Other financial institutions Market value 2025 3rd quarter* 3,151
Central government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 3rd quarter* 70,233
Central government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 3rd quarter* 64,479
Central government AF32 Long-term debt securities General government Face value 2025 3rd quarter* 161
Central government AF32 Long-term debt securities General government Market value 2025 3rd quarter* 148
Central government AF32 Long-term debt securities Households including NPISHs Face value 2025 3rd quarter* 1,361
Central government AF32 Long-term debt securities Households including NPISHs Market value 2025 3rd quarter* 1,252
Central government AF32 Long-term debt securities Rest of the world Face value 2025 3rd quarter* 187,826
Central government AF32 Long-term debt securities Rest of the world Market value 2025 3rd quarter* 173,364
Central government AF42 Long-term loans Total all sectors Face value 2025 3rd quarter* 22,169
Central government AF42 Long-term loans Total all sectors Market value 2025 3rd quarter* 22,223
Central government AF42 Long-term loans Total domestic sectors Face value 2025 3rd quarter* 10,007
Central government AF42 Long-term loans Total domestic sectors Market value 2025 3rd quarter* 10,016
Central government AF42 Long-term loans The non-financial corporations sector Face value 2025 3rd quarter* 7,137
Central government AF42 Long-term loans The non-financial corporations sector Market value 2025 3rd quarter* 7,137
Central government AF42 Long-term loans Monetary financial institutions Face value 2025 3rd quarter* 2,712
Central government AF42 Long-term loans Monetary financial institutions Market value 2025 3rd quarter* 2,721
Central government AF42 Long-term loans Other financial institutions Face value 2025 3rd quarter* 0
Central government AF42 Long-term loans Other financial institutions Market value 2025 3rd quarter* 0
Central government AF42 Long-term loans Insurance corporations and pension funds Face value 2025 3rd quarter* 15
Central government AF42 Long-term loans Insurance corporations and pension funds Market value 2025 3rd quarter* 15
Central government AF42 Long-term loans General government Face value 2025 3rd quarter* 11
Central government AF42 Long-term loans General government Market value 2025 3rd quarter* 11
Central government AF42 Long-term loans Households including NPISHs Face value 2025 3rd quarter* 132
Central government AF42 Long-term loans Households including NPISHs Market value 2025 3rd quarter* 132
Central government AF42 Long-term loans Rest of the world Face value 2025 3rd quarter* 12,162
Central government AF42 Long-term loans Rest of the world Market value 2025 3rd quarter* 12,207
The State AF32 Long-term debt securities Total all sectors Face value 2025 3rd quarter* 385,204
The State AF32 Long-term debt securities Total all sectors Market value 2025 3rd quarter* 354,949
The State AF32 Long-term debt securities Total domestic sectors Face value 2025 3rd quarter* 197,378
The State AF32 Long-term debt securities Total domestic sectors Market value 2025 3rd quarter* 181,585
The State AF32 Long-term debt securities The non-financial corporations sector Face value 2025 3rd quarter* 0
The State AF32 Long-term debt securities The non-financial corporations sector Market value 2025 3rd quarter* 0
The State AF32 Long-term debt securities Monetary financial institutions Face value 2025 3rd quarter* 122,106
The State AF32 Long-term debt securities Monetary financial institutions Market value 2025 3rd quarter* 112,498
The State AF32 Long-term debt securities Other financial institutions Face value 2025 3rd quarter* 3,456
The State AF32 Long-term debt securities Other financial institutions Market value 2025 3rd quarter* 3,151
The State AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 3rd quarter* 70,233
The State AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 3rd quarter* 64,479
The State AF32 Long-term debt securities General government Face value 2025 3rd quarter* 222
The State AF32 Long-term debt securities General government Market value 2025 3rd quarter* 205
The State AF32 Long-term debt securities Households including NPISHs Face value 2025 3rd quarter* 1,361
The State AF32 Long-term debt securities Households including NPISHs Market value 2025 3rd quarter* 1,252
The State AF32 Long-term debt securities Rest of the world Face value 2025 3rd quarter* 187,826
The State AF32 Long-term debt securities Rest of the world Market value 2025 3rd quarter* 173,364
The State AF42 Long-term loans Total all sectors Face value 2025 3rd quarter* 20,249
The State AF42 Long-term loans Total all sectors Market value 2025 3rd quarter* 20,235
The State AF42 Long-term loans Total domestic sectors Face value 2025 3rd quarter* 8,774
The State AF42 Long-term loans Total domestic sectors Market value 2025 3rd quarter* 8,715
The State AF42 Long-term loans The non-financial corporations sector Face value 2025 3rd quarter* 7,118
The State AF42 Long-term loans The non-financial corporations sector Market value 2025 3rd quarter* 7,118
The State AF42 Long-term loans Monetary financial institutions Face value 2025 3rd quarter* 3
The State AF42 Long-term loans Monetary financial institutions Market value 2025 3rd quarter* 3
The State AF42 Long-term loans Other financial institutions Face value 2025 3rd quarter* 0
The State AF42 Long-term loans Other financial institutions Market value 2025 3rd 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 24 December 2025:
Data for the third quarter of 2025 are available. The figures for the second of quarter 2025 are 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.