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Consequently, Fitch expects the NFRK to remain flat in nominal terms in 2015, in contrast to annual net injections of USD2bn in 2011-14, while GGGD may rise to 19.5% of GDP by 2016.
Fitch's baseline scenario is that GGGD will rise modestly in the medium-term but peak at around 23% of GDP.
This compares with Fitch's previous projections in December 2012 of GGGD peaking at 94 percent (and 92 percent when it first revised the Outlook to Negative in December 2011), and declining more rapidly to below 90 percent by 2017.
and Ypma, G., (2002b), 'ICT investment and growth accounts for the European Union, 1980-2000', GGGD Research Memorandum, no.
HOW THEY ALL LINE UP...S: Son; D: Daughter; GS: Grandson; GD: Granddaughter; GGS: Great grandson; GGD: Great granddaughter; GGGS: Great Great Grandson; GGGD: Great Great Granddaughter; H: Husband; W: Wife.
The French National Institute of Statistics and Economic Studies (INSEE) said earlier this month that the debt of SNCF Reseau, the state-owned rail network operator, should be reclassified as part of gross general government debt (GGGD).
At the same time it forecasts the general government gross debt (GGGD) "to peak at less than 108% of GDP this year, before falling to around 100% in 2017".
Fitch said France's - general government gross debt (GGGD) should peak higher at 96 percent of GDP in 2014 and decline only gradually, to 92 percent in 2017.
General government gross debt (GGGD) and public sector net debt are forecast by the OBR to peak in 2016-17 at 100.8 per cent and 85.6 per cent of GDP and only begin to decline in 2017-18.
Finland's public debt dynamics have improved since its gross general government debt (GGGD)/GDP ratio peaked at 63.5% in 2015, with Fitch forecasting the ratio to fall to 59.6% in 2018, and to 53.4% by 2027.
"At more than double the B median of 43% for 2015, the GGGD ratio is still high and reduces Cyprus' fiscal scope to absorb domestic or external shocks", it says.