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, 2014See also: Public debt map
Nigeria: Country's Public Debt Stock Rises to N12.11 Trillion in June
AllAfrica - 8/4/2015 6:08:36 AM
Abuja — The country's total public debt portfolio rose by 0.41 per cent to N12.11 trillion ... According to the DMO, credit from the World Bank Group accounted for $7.23 billion or 70.11 per cent of total external debt profile while bilateral instruments ...
Puerto Rico defaults on $58M debt payment
United Press International - 8/4/2015 11:02:05 AM
SAN JUAN, Puerto Rico, Aug. 3 (UPI) --Puerto Rico paid only $628,000 on a $58 million debt bill due Monday, putting the country into default for the first time. The country's Government Development Bank was supposed to make the full payment on its Public ...
The Only way ahead for Greece and other Third World Countries
Lankaweb - 8/3/2015 1:09:08 AM
Greece, once a mighty country, is now in the dog house ... Argentina that she had to come to an immediate debt restructuring agreement with creditors … and impose structural reforms to prove to the world financial community that it deserved loans ...
Puerto Rico defaults on debt repayment in first for a US commonwealth
theguardian.com - 8/4/2015 3:23:58 AM
The island paid just $628,000 toward a $58m debt due to creditors of its Public Finance Corporation ... has taken on more debt per capita than any other American state as the country has struggled to raise cash and tax breaks have encouraged hedge fund ...
Don’t Blame Germany for Greece’s Debt Crisis
Time - 7/31/2015 6:59:17 PM
Germany knows a thing or two about being punished for bad deeds, but in recent weeks the country has been ... A good portion of the debt at issue in 1953 dated back to the vanquished Nazi regime and its predecessors; after World War II, the Federal ...
PM wants public debt better controlled
Vietnamnet - 8/4/2015 4:21:14 AM
Nen elaborated on the country’s public debt in reply to queries about total public and government-guaranteed debt of around US$110 billion as of late 2014 as announced by the World Bank last month. He added that this debt figure was provided by the ...
World primed for repeat of ’08 meltdown
ABQJournal - 8/1/2015 11:58:44 PM
No country is in bigger hock than Japan; its public debt was 235 percent of GDP last year, the highest in the world, according to the McKinsey institute. Most of that, though, is owed to Japanese citizens and its own government, as opposed to external or ...
How Greece was looted by its creditors
World Socialist Web Site - 8/4/2015 2:36:50 PM
Since the 1980s, Greek public expenditure was lower than the public spending of all other eurozone countries, but one. In June 2008, Greek public debt was €252 billion or 112 percent of GDP. Excessive spending of 4 percent of GDP on defence accounted for ...
Will Japan Survive Its Great Big Debt Disaster?
The National Interest - 7/30/2015 11:53:57 PM
But the world’s third-largest economy faces substantial challenges, and the reform program of Prime Minister Shinzo Abe, referred to as Abenomics, needs to accelerate. Without a more forceful push to tackle public ... country’s $8.8 trillion in debt ...
Beijing and Tokyo Will Get Torched by the Olympics
bloombergview.com - 8/3/2015 6:02:38 AM
But the controversy also put a spotlight on the ways that Japan's politically-connected construction companies pad their bills -- a longstanding problem that contributes to the country's massive public debt, the world's largest. If economic ambition were ...
The World This Week: Israeli Settlers and Turkey’s New War
Fair Observer - 7/31/2015 11:59:56 PM
Turkey’s new “sultan” has long wanted to restore the country to its cultural ... was originally developed by the Public Health Agency of Canada that sold it to Merck to conduct tests, which were funded by the World Health Organization.
The 10 Countries With the Most Debt
US News and World Report - 1/27/2011 11:57:48 PM
[See the 10 states with the largest budget shortfalls.] While the United States total public debt is indeed the largest in the world, a broader context shows that other countries face even more dire debt situations. One way to put debt in perspective is to ...
Greek Crisis Holds Lessons in Transparent Public Finance
The New Indian Express - 7/25/2015 5:47:39 PM
The two great World Wars ... developing countries have many lessons to learn from the Greek crisis. Economic growth, transparent public finance, effective regulators and informed citizenry are vital for the transforming economies. Public debt can be ...
Five things to watch for in the Canadian business world in the coming week
The Windsor Star - 8/2/2015 6:53:55 AM
The struggling mining company, burdened with debt and plummeting ... Sleep: Also on Wednesday, Sleep Country Canada Holdings Inc. releases its second-quarter results. The country's largest mattress retailer returned to the public markets last month after ...
From The Silents To Millennials, Debt Burdens Span The Generations
North Country Public Radio - 7/29/2015 9:17:40 PM
According to a new study by Pew Charitable Trusts, 80 percent of Americans have some form of debt — from student loans to credit card balances. There are many among the so-called silent generation, those born before World War II, who are still paying off ...