To ask Her Majesty's Government what is their definition of a contingent liability in the context of limits on the debt obligations of an Overseas Territory.

Contingent liabilities are defined as liabilities that may give rise to future financial commitments. For overseas territory Governments, these can include, but are not limited to, healthcare schemes, pension arrangements and national insurance schemes.

Overseas territory debts are actual liabilities of overseas territory Governments. The UK has agreed with certain overseas territory Governments that their debt obligations will be limited, in the interest of sustainable public financial management and good governance.