Financing refers to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. Government guarantees of debt are excluded. Financing from abroad refers to that obtained from nonresidents. Financing refers to the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. Government guarantees of debt are excluded.
Domestic financing refers to that obtained from residents.
Interest payments are payments for the use of borrowed money to domestic sectors and to nonresidents. Interest payments do not include government payments as guarantor or surety of interest on the defaulted debts of others, which are classified as government lending. Intragovernmental payments are eliminated in consolidation. Social security contributions based on gross pay, payroll, or number of employees are not included, but social security contributions based on personal income after deductions and personal exemptions are included. Social security taxes include employers' and employees' social security contributions and those of self-employed and unemployed people.