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Appendix Table 7
Fiscal Burden on Domestic Credit
Net domestic credit to government share in total domestic credit
(%)	1999	1998	1997	1996	1995	1994	1993	1992
5%-15%
Australia	4	7	7	11	10	10	12	12
Belgium	41	47	47	50	51	50	48	47
Canada	9	10	11	13	16	16	16	14
Denmark	6	7	9	12	14	17	-2	15
France	23	24	26	26	24	21	15	13
Germany	20	19	19	19	19	17	16	16
Luxembourg			-10	-10	-1	-9	N.A.	N.A.
Netherlands	12	14	9	8	8	9	9	10
Sweden	6	13	13	16	19	22	21	5
Switzerland	6	6	8	9	8	8	8	7
U.K.	2	4	4	5	5	5	2	2
U.S.	10	11	12	12	13	14	14	14
10%-20%
Austria	20	21	22	24	26	26	24	23
Chile	6	4	4	7	9	13	18	21
Finland	7	7	3	4	5	2	0	0
Hong Kong	-13	-15	-4	-3	-5	-3	-7	-8
Ireland	2	5	6	8	11	14	12	17
Italy	27	31	33	34	33	32	32	30
New Zealand	1	0	-1	-3	1	5	6	8
Norway	-20	-15	-15	-8	-5	-4	-3	-1
Portugal	1	5	11	18	22	26	25	26
Singapore	-25	-27	-39	-47	-49	-46	-43	-39
South Africa	5	6	4	3	2	5	3	2
Spain	20	19	23	27	28	27	21	22
Taiwan	10	9	8	7	5	3	3	1
15%-30%
Argentina	21	20	21	21	21	16	27	29
Colombia	5	2	-2	-2	-2	-3	-2	-4
Estonia	-2	-6	-14	-14	-32	-40	-25	-13
Hungary	50	62	63	69	72	71	70	69
Israel	5	6	8	15	16	19	25	33
Japan	15	11	10	9	9	9	10	8
Panama	-9	-10	-13	-8	-16	-13	-9	-5
Philippines	22	21	21	21	26	31	35	-12
Poland	25	30	34	37	42	49	47	43
Slovenia	15	16	19	19	23	27	34	-3
Uruguay	-1	-3	1	4	6	8	6	3
25%-40%
Bolivia	4	4	1	0	7	14	16	-3
Brazil	27	34	21	5	4	2	31	40
Croatia	15	11	13	30	32	36	49	N.A.
Cyprus	17	18	19	19	19	21	23	21
Greece	45	50	56	60	64	70	73	68
Korea	3	3	1	0	0	1	1	2
Kuwait	45	46	49	58	68	75	80	85
Lebanon	45	45	43	39	34	35	34	32
Malaysia	-4	-4	1	0	0	1	5	4
Morocco	26	30	32	43	44	45	45	46
Oman	-9	0	-7	-1	0	2	-1	-19
Peru	-5	-18	-29	-68	-38	-40	7	8
Saudi Arabia	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.	N.A.
UAE	-7	-9	-8	-10	-15	-110	-17	-12
35%-70%
Bulgaria	4	12	32	45	45	52	50	38
China	7	6	3	3	3	3	3	4
Czech Republic	-3	-3	-4	-4	-5	-6	0	N.A.
Egypt	25	27	28	29	34	39	41	47
India	48	47	46	46	46	47	49	47
Indonesia	61	-2	-10	-7	-8	0	-8	-6
Kazakstan	15	25	20	20	25	9	1	N.A.
Latvia	10	12	23	34	35	17	-1	N.A.
Lithuania	6	3	11	0	-7	-5	-12	N.A.
Mexico	23	25	26	0	0	-13	-2	10
Pakistan	42	45	48	49	46	47	49	52
Romania	41	27	24	15	5	-3	-15	0
Russia	61	65	58	58	46	37	19	N.A.
Slovak Republic	6	13	15	20	22	27	20	N.A.
Thailand	0	0	-7	-10	-10	-9	-8	-7
Tunisia	6	5	6	4	5	6	7	9
Turkey	43	35	21	33	35	41	30	31
Venezuela	9	11	4	21	37	31	27	21
*Includes nonbank borrowings from the domestic financial system and from nonresidents. N.A.-Not available. Source: International Financial Statistics, IMF, national authorities, and Standard & Poor's estimates.