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 Government debt (EMU) Total all sectors Face value 2025 1st quarter* 490,770
General government Government debt (EMU) Total all sectors Market value 2025 1st quarter* 457,180
General government Government debt (EMU) Total domestic sectors Face value 2025 1st quarter* 275,610
General government Government debt (EMU) Total domestic sectors Market value 2025 1st quarter* 257,878
General government Government debt (EMU) The non-financial corporations sector Face value 2025 1st quarter* 7,356
General government Government debt (EMU) The non-financial corporations sector Market value 2025 1st quarter* 7,356
General government Government debt (EMU) Monetary financial institutions Face value 2025 1st quarter* 185,264
General government Government debt (EMU) Monetary financial institutions Market value 2025 1st quarter* 174,219
General government Government debt (EMU) Other financial institutions Face value 2025 1st quarter* 4,318
General government Government debt (EMU) Other financial institutions Market value 2025 1st quarter* 4,019
General government Government debt (EMU) Insurance corporations and pension funds Face value 2025 1st quarter* 76,688
General government Government debt (EMU) Insurance corporations and pension funds Market value 2025 1st quarter* 70,419
General government Government debt (EMU) General government Face value 2025 1st quarter*
General government Government debt (EMU) General government Market value 2025 1st quarter*
General government Government debt (EMU) Households including NPISHs Face value 2025 1st quarter* 1,984
General government Government debt (EMU) Households including NPISHs Market value 2025 1st quarter* 1,865
General government Government debt (EMU) Rest of the world Face value 2025 1st quarter* 215,160
General government Government debt (EMU) Rest of the world Market value 2025 1st quarter* 199,302
General government AF22 Transferable deposits Total all sectors Face value 2025 1st quarter* 777
General government AF22 Transferable deposits Total all sectors Market value 2025 1st quarter* 777
General government AF22 Transferable deposits Total domestic sectors Face value 2025 1st quarter* 180
General government AF22 Transferable deposits Total domestic sectors Market value 2025 1st quarter* 180
General government AF22 Transferable deposits The non-financial corporations sector Face value 2025 1st quarter* 131
General government AF22 Transferable deposits The non-financial corporations sector Market value 2025 1st quarter* 131
General government AF22 Transferable deposits Monetary financial institutions Face value 2025 1st quarter* 0
General government AF22 Transferable deposits Monetary financial institutions Market value 2025 1st quarter* 0
General government AF22 Transferable deposits Other financial institutions Face value 2025 1st quarter* 30
General government AF22 Transferable deposits Other financial institutions Market value 2025 1st quarter* 30
General government AF22 Transferable deposits Insurance corporations and pension funds Face value 2025 1st quarter* 0
General government AF22 Transferable deposits Insurance corporations and pension funds Market value 2025 1st quarter* 0
General government AF22 Transferable deposits General government Face value 2025 1st quarter*
General government AF22 Transferable deposits General government Market value 2025 1st quarter*
General government AF22 Transferable deposits Households including NPISHs Face value 2025 1st quarter* 19
General government AF22 Transferable deposits Households including NPISHs Market value 2025 1st quarter* 19
General government AF22 Transferable deposits Rest of the world Face value 2025 1st quarter* 597
General government AF22 Transferable deposits Rest of the world Market value 2025 1st quarter* 597
General government AF29 Other deposits Total all sectors Face value 2025 1st quarter* 558
General government AF29 Other deposits Total all sectors Market value 2025 1st quarter* 558
General government AF29 Other deposits Total domestic sectors Face value 2025 1st quarter* 558
General government AF29 Other deposits Total domestic sectors Market value 2025 1st quarter* 558
General government AF29 Other deposits The non-financial corporations sector Face value 2025 1st quarter* 0
General government AF29 Other deposits The non-financial corporations sector Market value 2025 1st quarter* 0
General government AF29 Other deposits Monetary financial institutions Face value 2025 1st quarter* 557
General government AF29 Other deposits Monetary financial institutions Market value 2025 1st quarter* 557
General government AF29 Other deposits Other financial institutions Face value 2025 1st quarter* 1
General government AF29 Other deposits Other financial institutions Market value 2025 1st quarter* 1
General government AF29 Other deposits Insurance corporations and pension funds Face value 2025 1st quarter* 0
General government AF29 Other deposits Insurance corporations and pension funds Market value 2025 1st quarter* 0
General government AF29 Other deposits General government Face value 2025 1st quarter*
General government AF29 Other deposits General government Market value 2025 1st quarter*
General government AF29 Other deposits Households including NPISHs Face value 2025 1st quarter* 0
General government AF29 Other deposits Households including NPISHs Market value 2025 1st quarter* 0
General government AF29 Other deposits Rest of the world Face value 2025 1st quarter* 0
General government AF29 Other deposits Rest of the world Market value 2025 1st quarter* 0
General government AF31 Short-term debt securities Total all sectors Face value 2025 1st quarter* 27,460
General government AF31 Short-term debt securities Total all sectors Market value 2025 1st quarter* 27,374
General government AF31 Short-term debt securities Total domestic sectors Face value 2025 1st quarter* 6,161
General government AF31 Short-term debt securities Total domestic sectors Market value 2025 1st quarter* 6,142
General government AF31 Short-term debt securities The non-financial corporations sector Face value 2025 1st quarter* 0
General government AF31 Short-term debt securities The non-financial corporations sector Market value 2025 1st quarter* 0
General government AF31 Short-term debt securities Monetary financial institutions Face value 2025 1st quarter* 2,368
General government AF31 Short-term debt securities Monetary financial institutions Market value 2025 1st quarter* 2,361
General government AF31 Short-term debt securities Other financial institutions Face value 2025 1st quarter* 581
General government AF31 Short-term debt securities Other financial institutions Market value 2025 1st quarter* 579
General government AF31 Short-term debt securities Insurance corporations and pension funds Face value 2025 1st quarter* 2,738
General government AF31 Short-term debt securities Insurance corporations and pension funds Market value 2025 1st quarter* 2,730
General government AF31 Short-term debt securities General government Face value 2025 1st quarter*
General government AF31 Short-term debt securities General government Market value 2025 1st quarter*
General government AF31 Short-term debt securities Households including NPISHs Face value 2025 1st quarter* 474
General government AF31 Short-term debt securities Households including NPISHs Market value 2025 1st quarter* 472
General government AF31 Short-term debt securities Rest of the world Face value 2025 1st quarter* 21,299
General government AF31 Short-term debt securities Rest of the world Market value 2025 1st quarter* 21,232
General government AF32 Long-term debt securities Total all sectors Face value 2025 1st quarter* 389,353
General government AF32 Long-term debt securities Total all sectors Market value 2025 1st quarter* 355,452
General government AF32 Long-term debt securities Total domestic sectors Face value 2025 1st quarter* 208,905
General government AF32 Long-term debt securities Total domestic sectors Market value 2025 1st quarter* 190,836
General government AF32 Long-term debt securities The non-financial corporations sector Face value 2025 1st quarter* 0
General government AF32 Long-term debt securities The non-financial corporations sector Market value 2025 1st quarter* 0
General government AF32 Long-term debt securities Monetary financial institutions Face value 2025 1st quarter* 132,068
General government AF32 Long-term debt securities Monetary financial institutions Market value 2025 1st quarter* 120,684
General government AF32 Long-term debt securities Other financial institutions Face value 2025 1st quarter* 3,458
General government AF32 Long-term debt securities Other financial institutions Market value 2025 1st quarter* 3,157
General government AF32 Long-term debt securities Insurance corporations and pension funds Face value 2025 1st quarter* 72,033
General government AF32 Long-term debt securities Insurance corporations and pension funds Market value 2025 1st quarter* 65,766
General government AF32 Long-term debt securities General government Face value 2025 1st quarter*
General government AF32 Long-term debt securities General government Market value 2025 1st quarter*
General government AF32 Long-term debt securities Households including NPISHs Face value 2025 1st quarter* 1,346
General government AF32 Long-term debt securities Households including NPISHs Market value 2025 1st quarter* 1,229
General government AF32 Long-term debt securities Rest of the world Face value 2025 1st quarter* 180,448
General government AF32 Long-term debt securities Rest of the world Market value 2025 1st quarter* 164,616
General government AF41 Short-term loans Total all sectors Face value 2025 1st quarter* 5,090
General government AF41 Short-term loans Total all sectors Market value 2025 1st quarter* 5,107
General government AF41 Short-term loans Total domestic sectors Face value 2025 1st quarter* 5,036
General government AF41 Short-term loans Total domestic sectors Market value 2025 1st quarter* 5,052
General government AF41 Short-term loans The non-financial corporations sector Face value 2025 1st quarter* 15
General government AF41 Short-term loans The non-financial corporations sector Market value 2025 1st quarter* 15
General government AF41 Short-term loans Monetary financial institutions Face value 2025 1st quarter* 3,474
General government AF41 Short-term loans Monetary financial institutions Market value 2025 1st quarter* 3,485
General government AF41 Short-term loans Other financial institutions Face value 2025 1st quarter* 35
General government AF41 Short-term loans Other financial institutions Market value 2025 1st quarter* 39
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 June 2025:
The figures for the first quarter of 2025 are available. Figures for 2023 and 2024 have been adjusted due to updated information.
The figures for 2023 are final.
In the context of the revision policy of National accounts, the annual figures from 1995 and the quarterly figures from 1999 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.