General government foreign debt

Statistics Lithuania

Knowledge Economy and Special Survey Statistics Division

Daiva Girdauskienė

Chief Specialist

29 Gedimino Ave., LT-01500 Vilnius, Lithuania

daiva.girdauskiene@stat.gov.lt

+370 5 236 4785

+370 5 236 4872

2013-11-26

The purpose is to prepare and publish statistical information on the Lithuanian government foreign debt, central government loans by financial institution, year of signing foreign loan agreements, directions of financing.

Classification of Institutional Sectors and Subsectors;

Nomenclature of Countries and Territories.

General government sector (central, local, social security funds).

Loan refers to a borrowing or lending instrument when, under a loan agreement, one party (the lender) transfers the ownership of money to the other party (the borrower), and the borrower undertakes to return the same amount of money to the lender and pay interest, if the loan agreement does not provide otherwise. Such a loan agreement does not include the issuance of securities or the signing of other debt instruments.

Foreign creditors are natural or legal persons whose main personal and economic interests lie in other countries (i.e. not in Lithuania), who are constantly living or operating abroad or who have been living or operating in Lithuania for less than a year and have purchased government securities, granted loans under loan agreements or other debt instruments.

General government foreign debt refers to the aggregate amount of the obligations assumed, but not discharged yet by the general government entities entitled to borrowing in respect of the repayment to foreign creditors of the funds borrowed under government securities distributed, loan agreements, leasing (financial lease) agreements signed and other debt instruments.

General government sector is a sector which includes the sectors of the central government (the Government and other entities of this sector), local government (municipalities and other entities of this sector) and state social security funds (State Social Insurance Fund, Compulsory Health Insurance Fund and other entities of this sector).

State guarantee refers to the property obligation of the State to repay a debt wholly or in part and to pay interest on the debt or part thereof to be repaid to a domestic or foreign creditor for a borrower the discharge of obligations whereof is guaranteed by the State in the event of the borrower’s full or partial default on obligations under a loan agreement or other debt instruments.

Government securities refers to the securities issued by the Government on behalf of the State on domestic or foreign markets attesting to the right of the holder thereof to obtain, within the time limits provided for, an amount corresponding to nominal value thereof, interest or another equivalent.

Financial liability

Outstanding financial obligations of the general government entities having the right to borrow to foreign creditors.

The entire territory of the country.

Since 1994

–

EUR million

Half of the year

Resolution No 702 of 21 May 2002 of the Government of the Republic of Lithuania concerning the functions of the Department of Statistics to the Government of the Republic of Lithuania (only in Lithuanian).

–

In the process of statistical data collection, processing and analysis and dissemination of statistical information, Statistics Lithuania fully guarantees the confidentiality of the data submitted by respondents (households, enterprises, institutions, organisations and other statistical units), as defined in the Confidentiality Policy Guidelines of Statistics Lithuania.

Description of Statistical Disclosure Control Methods, approved by Order No DĮ-124 of 27 May 2008 of the Director General of Statistics Lithuania.

Integrated Statistical Information System Data Security Regulations and Rules for the Secure Management of Electronic Information in the Integrated Statistical Information System, approved by Order No DĮ-240 of 16 September 2020 of the Director General of Statistics Lithuania.

 Statistical information is published on the Official Statistics Portal according to the Official Statistics Calendar

Official Statistics Calendar

Statistical information is published following the Official Statistics Dissemination Policy Guidelines and Statistical Information Preparation and Dissemination Rules (only in Lithuanian).

Biannual

A news release on the general government foreign debt is published on 20 March.

-

Database of Indicators (Economy and finance (macroeconomics) -> General government foreign debt)

Microdata are available and provided for scientific purposes according to the provisions set in the Description of Procedures for the Provision of Confidential Statistical Data for Scientific Purposes. More information is available on the Official Statistics Portal, at Data for scientific purposes.

Public data files: users are also provided with opportunity to access public files with statistical data on observation units. More information is available on the Official Statistics Portal, at Public data files.

–

General government foreign debt

The quality of statistical information and its production process is ensured by the provisions of the European Statistics Code of Practice and ESS Quality Assurance Framework. 

In 2007, a quality management system, conforming to the requirements of the international quality management system standard ISO 9001, was introduced at Statistics Lithuania. The main trends in activity of Statistics Lithuania aimed at quality management and continuous development in the institution are established in the Quality Policy. Monitoring of the quality indicators of statistical processes and their results and self-evaluation of statistical survey managers is regularly carried out in order to identify the areas which need improvement and to promptly eliminate the shortcomings.

Statistical data control is performed on a biannual basis. In case of changes in administrative data, statistical data are revised.

The main users of statistical information are State and municipal authorities and agencies, international organisations, the media, research and business communities, students, whose needs are satisfied without a breach of the confidentiality principle.

From 2005, user opinion surveys have been conducted on a regular basis. Official Statistics Portal traffic is monitored, website visitor opinion polls, general opinion poll on the products and services of Statistics Lithuania, target user group opinion polls and other surveys are conducted. In 2007, the compilation of a user satisfaction index was launched. The said surveys are aimed at the assessment of the overall demand for and necessity of statistical information in general and specific statistical indicators in particular.

More information on user surveys and their results is available in section User surveys on the Statistics Lithuania website.

All indicators established by the legislation are published.

100 per cent of information produced in accordance with the Official Statistics Work Programme is published.

-

-

-

-

-

-

Statistical information is published on the 80th day after the end of the reference period.

Statistical information is published in accordance with an Official Statistics Calendar. In case of delay, users are notified in advance by indicating the reason and a new date of publication.

100 per cent

Statistical information is not comparable.

The time series is fully comparable from 2004.

Before April 2004, the general government foreign debt was calculated as the sum of property obligations of the Republic of Lithuania in foreign currency under loan agreements, agreements with a State guarantee or other binding debt instruments.

Since April 2004, the general government debt is no longer divided into domestic and foreign debts based on the loan currency, but based on the location of residence of the creditor, i.e. in Lithuania or abroad.

Since 2004.

–

Internal coherence is fully ensured.

Administrative data is used. In this case there is no statistical reporting burden for respondents.

The revision policy of Statistics Lithuania is provided in the document General Principles behind the Performance, Analysis and Announcement of Revisions of Statistical Indicators.

Statistical data control is exercised. In case of significant discrepancies, the statistical data provider (Ministry of Finance) is contacted, and statistical data are revised.

-

Administrative data sources: Ministry of Finance of the Republic of Lithuania.

Biannual

The Lithuanian Department of Statistics receives administrative data from the Ministry of Finance of the Republic of Lithuania quarterly by e-mail.

In order to ensure the quality of statistical data, verification of the database is carried out (editing, statistical data validation, the results are compared with the corresponding period of the previous year). Exceptions or missing values are explained to the data provider.

MS Excel is used to process statistical data and methods for aggregation, grouping are applied.

Methodology of statistical survey on general government foreign debt (only in Lithuanian).

-

From 2015 the survey statistical information are not updated.