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 AF31 Short-term debt securities Total all sectors Face value 2025 2nd quarter* 19,730
General government AF31 Short-term debt securities Total all sectors Market value 2025 2nd quarter* 19,646
General government AF31 Short-term debt securities Total domestic sectors Face value 2025 2nd quarter* 5,549
General government AF31 Short-term debt securities Total domestic sectors Market value 2025 2nd quarter* 5,668
General government AF31 Short-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
General government AF31 Short-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
General government AF31 Short-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 532
General government AF31 Short-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 525
General government AF31 Short-term debt securities Other financial institutions Face value 2025 2nd quarter* 1,229
General government AF31 Short-term debt securities Other financial institutions Market value 2025 2nd quarter* 1,224
General government AF31 Short-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 3,221
General government AF31 Short-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 3,355
General government AF31 Short-term debt securities General government Face value 2025 2nd quarter*
General government AF31 Short-term debt securities General government Market value 2025 2nd quarter*
General government AF31 Short-term debt securities Households including NPISHs Face value 2025 2nd quarter* 567
General government AF31 Short-term debt securities Households including NPISHs Market value 2025 2nd quarter* 564
General government AF31 Short-term debt securities Rest of the world Face value 2025 2nd quarter* 14,181
General government AF31 Short-term debt securities Rest of the world Market value 2025 2nd quarter* 13,978
General government AF41 Short-term loans Total all sectors Face value 2025 2nd quarter* 3,919
General government AF41 Short-term loans Total all sectors Market value 2025 2nd quarter* 3,936
General government AF41 Short-term loans Total domestic sectors Face value 2025 2nd quarter* 3,920
General government AF41 Short-term loans Total domestic sectors Market value 2025 2nd quarter* 3,936
General government AF41 Short-term loans The non-financial corporations sector Face value 2025 2nd quarter* 115
General government AF41 Short-term loans The non-financial corporations sector Market value 2025 2nd quarter* 115
General government AF41 Short-term loans Monetary financial institutions Face value 2025 2nd quarter* 3,438
General government AF41 Short-term loans Monetary financial institutions Market value 2025 2nd quarter* 3,449
General government AF41 Short-term loans Other financial institutions Face value 2025 2nd quarter* 9
General government AF41 Short-term loans Other financial institutions Market value 2025 2nd quarter* 13
General government AF41 Short-term loans Insurance corporations and pension funds Face value 2025 2nd quarter* 358
General government AF41 Short-term loans Insurance corporations and pension funds Market value 2025 2nd quarter* 359
General government AF41 Short-term loans General government Face value 2025 2nd quarter*
General government AF41 Short-term loans General government Market value 2025 2nd quarter*
General government AF41 Short-term loans Households including NPISHs Face value 2025 2nd quarter* 0
General government AF41 Short-term loans Households including NPISHs Market value 2025 2nd quarter* 0
General government AF41 Short-term loans Rest of the world Face value 2025 2nd quarter* -1
General government AF41 Short-term loans Rest of the world Market value 2025 2nd quarter* 0
Central government AF31 Short-term debt securities Total all sectors Face value 2025 2nd quarter* 19,730
Central government AF31 Short-term debt securities Total all sectors Market value 2025 2nd quarter* 19,646
Central government AF31 Short-term debt securities Total domestic sectors Face value 2025 2nd quarter* 5,549
Central government AF31 Short-term debt securities Total domestic sectors Market value 2025 2nd quarter* 5,668
Central government AF31 Short-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
Central government AF31 Short-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
Central government AF31 Short-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 532
Central government AF31 Short-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 525
Central government AF31 Short-term debt securities Other financial institutions Face value 2025 2nd quarter* 1,229
Central government AF31 Short-term debt securities Other financial institutions Market value 2025 2nd quarter* 1,224
Central government AF31 Short-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 3,221
Central government AF31 Short-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 3,355
Central government AF31 Short-term debt securities General government Face value 2025 2nd quarter* 0
Central government AF31 Short-term debt securities General government Market value 2025 2nd quarter* 0
Central government AF31 Short-term debt securities Households including NPISHs Face value 2025 2nd quarter* 567
Central government AF31 Short-term debt securities Households including NPISHs Market value 2025 2nd quarter* 564
Central government AF31 Short-term debt securities Rest of the world Face value 2025 2nd quarter* 14,181
Central government AF31 Short-term debt securities Rest of the world Market value 2025 2nd quarter* 13,978
Central government AF41 Short-term loans Total all sectors Face value 2025 2nd quarter* 1,283
Central government AF41 Short-term loans Total all sectors Market value 2025 2nd quarter* 1,284
Central government AF41 Short-term loans Total domestic sectors Face value 2025 2nd quarter* 1,284
Central government AF41 Short-term loans Total domestic sectors Market value 2025 2nd quarter* 1,284
Central government AF41 Short-term loans The non-financial corporations sector Face value 2025 2nd quarter* 100
Central government AF41 Short-term loans The non-financial corporations sector Market value 2025 2nd quarter* 100
Central government AF41 Short-term loans Monetary financial institutions Face value 2025 2nd quarter* 859
Central government AF41 Short-term loans Monetary financial institutions Market value 2025 2nd quarter* 859
Central government AF41 Short-term loans Other financial institutions Face value 2025 2nd quarter* 0
Central government AF41 Short-term loans Other financial institutions Market value 2025 2nd quarter* 0
Central government AF41 Short-term loans Insurance corporations and pension funds Face value 2025 2nd quarter* 325
Central government AF41 Short-term loans Insurance corporations and pension funds Market value 2025 2nd quarter* 325
Central government AF41 Short-term loans General government Face value 2025 2nd quarter* 0
Central government AF41 Short-term loans General government Market value 2025 2nd quarter* 0
Central government AF41 Short-term loans Households including NPISHs Face value 2025 2nd quarter* 0
Central government AF41 Short-term loans Households including NPISHs Market value 2025 2nd quarter* 0
Central government AF41 Short-term loans Rest of the world Face value 2025 2nd quarter* -1
Central government AF41 Short-term loans Rest of the world Market value 2025 2nd quarter* 0
The State AF31 Short-term debt securities Total all sectors Face value 2025 2nd quarter* 19,730
The State AF31 Short-term debt securities Total all sectors Market value 2025 2nd quarter* 19,646
The State AF31 Short-term debt securities Total domestic sectors Face value 2025 2nd quarter* 5,549
The State AF31 Short-term debt securities Total domestic sectors Market value 2025 2nd quarter* 5,668
The State AF31 Short-term debt securities The non-financial corporations sector Face value 2025 2nd quarter* 0
The State AF31 Short-term debt securities The non-financial corporations sector Market value 2025 2nd quarter* 0
The State AF31 Short-term debt securities Monetary financial institutions Face value 2025 2nd quarter* 532
The State AF31 Short-term debt securities Monetary financial institutions Market value 2025 2nd quarter* 525
The State AF31 Short-term debt securities Other financial institutions Face value 2025 2nd quarter* 1,229
The State AF31 Short-term debt securities Other financial institutions Market value 2025 2nd quarter* 1,224
The State AF31 Short-term debt securities Insurance corporations and pension funds Face value 2025 2nd quarter* 3,221
The State AF31 Short-term debt securities Insurance corporations and pension funds Market value 2025 2nd quarter* 3,355
The State AF31 Short-term debt securities General government Face value 2025 2nd quarter* 0
The State AF31 Short-term debt securities General government Market value 2025 2nd quarter* 0
The State AF31 Short-term debt securities Households including NPISHs Face value 2025 2nd quarter* 567
The State AF31 Short-term debt securities Households including NPISHs Market value 2025 2nd quarter* 564
The State AF31 Short-term debt securities Rest of the world Face value 2025 2nd quarter* 14,181
The State AF31 Short-term debt securities Rest of the world Market value 2025 2nd quarter* 13,978
The State AF41 Short-term loans Total all sectors Face value 2025 2nd quarter* 1,209
The State AF41 Short-term loans Total all sectors Market value 2025 2nd quarter* 1,210
The State AF41 Short-term loans Total domestic sectors Face value 2025 2nd quarter* 1,210
The State AF41 Short-term loans Total domestic sectors Market value 2025 2nd quarter* 1,210
The State AF41 Short-term loans The non-financial corporations sector Face value 2025 2nd quarter* 100
The State AF41 Short-term loans The non-financial corporations sector Market value 2025 2nd quarter* 100
The State AF41 Short-term loans Monetary financial institutions Face value 2025 2nd quarter* 785
The State AF41 Short-term loans Monetary financial institutions Market value 2025 2nd quarter* 785
The State AF41 Short-term loans Other financial institutions Face value 2025 2nd quarter* 0
The State AF41 Short-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.