Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
Source: CIA World Factbook - Unless otherwise noted, information in this page is accurate as of January 1, 2012See also: Public debt map
The World's 5 Most Debt-Ridden Countries
The Motley Fool - 5/18/2013 3:47:28 PM
Among the largest 50 economies worldwide, here are the five ... but while that could help the country's lagging businesses, it won't help bring down its skyrocketing debt. With more public-sector job cuts on the table, unemployment at 18% ...
High public debt raises fiscal crisis risk: IMF official
Newstrack India - 5/21/2013 7:44:18 AM
He said the ratio of public debt to gross domestic product (GDP) has surpassed 90 percent in some advanced economies, and high debt would hamper economic growth, reported Xinhua. He urged countries to adopt appropriate fiscal adjustment steps in ...
Bahrain needs to cut public debt after 2012 spending boost -IMF
Reuters - 5/16/2013 10:06:14 AM
As unrest continues to simmer among the country's majority Shi'ite population ... "Overall fiscal deficits are projected to widen and public debt is estimated to continue on a rising path that could become unsustainable, reaching 61 percent ...
IMF urges Montenegro to close aluminum plant to cut debt
NBC News - 5/20/2013 3:30:47 PM
PODGORICA (Reuters) - Montenegro should shut down the loss-making aluminum plant that is the country's biggest single industrial employer to stem a sharp rise in its public debt, the International Monetary Fund said. The partly state-owned Kombinat ...
External debt, liabilities decline significantly
Business Recorder - 5/16/2013 10:59:20 PM
The public sector debt comprised government debt, IMF debt and foreign exchange liabilities. Repayment of SBA started from last fiscal year and the country was spending a huge amount of foreign exchange on debt payments. During the period under review ...
Nigeria: DMO Puts Country's Debt At N8 Trillion
AllAfrica - 5/17/2013 7:13:15 AM
Barely 24 hours after the Minister of State for Finance, Dr Yarima Ngama, gave the debt profile of the country as N6 trillion ... explaining in statistical terms that the "consolidated public debt/Gross Domestic Product (GDP) Ratio stands at 21.5 per ...
Exclusive - Japan panel warns of dangers if debt not addressed
Yahoo! News - 5/20/2013 12:38:59 PM
TOKYO (Reuters) - A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country ... public debt that, at more than twice the nation's annual economic output, is the biggest in the developed world.
Global Government Debt Is Already 80% Of Global GDP
ETF Daily News - 5/17/2013 6:11:49 PM
Now how high is our debt actually? We know meantime the indebtedness per country with Japan as the big winner ... $223.3 trillion is the total indebtedness of the world. It includes all parts of the public and private sectors, amounting to 313% of global ...
Greece selling debt cheaper after getting new batch of rescue loans
FOX News - 5/14/2013 1:07:34 PM
ATHENS, Greece – Greece saw the interest rate it has to pay to get investors to lend it money fall further Tuesday, a day after its European creditors backed the release of the country's next batch of rescue loans. The Public Debt Management ...
PUBLIC VS. PRIVATE COLLEGE: Which Is Better For Your Wallet?
San Francisco Gate - 5/21/2013 2:53:48 PM
This is the final of the 12-part series "Head to Head," in which we pit two rivals against each other in the ultimate challenge showdown. "Head to Head" is sponsored by Ford. See More Head To Head Here>> At a time when college costs more than ever and we ...
Cost of servicing domestic debt too high – DMO
Punch - 5/17/2013 12:18:04 AM
Although she had championed the exit of the country from the Paris Club of Creditors during ... bond market to fund government deficits – the ratio of domestic and external debt stock as at the end of 2011 was 88:12, whereas the appropriate ratio would ...
OAS study says countries should consider decriminalizing drug use
Los Angeles Times - 5/18/2013 12:52:41 AM
BOGOTA, Colombia — The Organization of American States said Friday that countries should consider decriminalizing drug use, a shift backed by several Latin American leaders but opposed by the United States. Decriminalization could be one of ...
China’s Corporate Debt Market Set to Challenge US
CNBC - 5/15/2013 12:34:46 AM
Wealth Fund Head) "China is poised to overtake the U.S., and then the U.S. and euro zone combined," said Jayan Dhru, senior managing director at S&P. Based on a stronger rate of economic growth that propels debt issuance, China's non-financial corporations ...
CEE Morning Briefing: Hungarian Debt Level
Wall Street Journal - 5/17/2013 9:14:57 AM
The outlook for Hungary’s sovereign borrowing needs comes into focus on Friday. The Hungarian central bank said the country’s public debt rose to 82.2% of gross domestic product at the end of March from 79.2% at the end of 2012. The ...
Portugal plunders pension fund to tackle debt cliff
Reuters - 5/22/2013 10:42:04 AM
LONDON, May 22 (IFR) - The Portuguese government plans to tap nearly all of its state-owned pension fund to ease it over the hump of a hefty EUR27.5bn of financing needs over the next two years, according to domestic news reports. Portugal's ...