The stock of short-term external debt consists of all maturities of one year or less, contracted or guaranteed by the general government, or other agencies on behalf of the general government.
General government includes the state and local authorities, as well as the public corporations.
Any export pre-financing, however, will be included under the ceiling. Valuation All external loans in currencies other than the U.S. dollar are to be valued at the exchange rate between the U.S. dollar and the relevant currency on the test dates. Reporting Data on short-term debt will be reported monthly, normally no later than one month after the end of each month.