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
Rising global debt heightens risk of another financial crisis
The Seattle Times - 7/29/2015 2:58:16 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 ...
Why Europe Is Drowning Beneath a Tidal Wave of Debt
News Week - 7/26/2015 3:23:18 PM
In 2011, Greece's public debt was €356bn and its debt to GDP ratio was ... was by no means unique – many countries in the developed world saw big build-ups of debt, whether by households, companies, financial institutions or governments.
IMF warns Japan over its staggering national debt
CNN Money - 7/24/2015 11:58:05 AM
Japan's debt will be ... gigantic debt. The country is still recovering from a decades-long deflationary period, during which Tokyo borrowed ambitiously to fund programs aimed at boosting growth. Going forward, the IMF says the world's third-largest ...
How living out of suitcases for 2 years, through 5 countries, helped one family pay over $30,000 of debt
The Business Insider - 7/28/2015 3:13:46 PM
Since then, we've lived and worked in five different countries, from Hungary to Peru — and have even ... We had a toddler and a mountain of debt — more than $100,000 in student loans between us, a $25,000 business loan, and about $6,000 of credit ...
How To Be A Leader When The World Is Disrupting All Around You
Forbes - 7/29/2015 2:15:19 PM
The pressures for setting policy in uncharted terrain is pretty overwhelming: an aging population; disruptive technology moving at warp speed, leaving people stunned and often jobless in its wake; income inequality and huge debt in the industrial world ...
Gh¢90 billion Ghana debt not unsustainable – Terkper
Ghana Web - 7/28/2015 2:13:31 AM
Let's face it," he said adding the country must change course if it has to deal with some of the power crisis and some of the difficult challenges facing the economy. He was speaking on Joy FM's Newsfile programme on Ghana's increasing public debt.
IMF Executive Board Concludes Annual Discussions on CEMAC Countries Common Policies
MENAFN - 7/28/2015 7:21:20 AM
As a result of these and other debt-related developments regional public debt is rising ... Jul 28 2015 - 'Kuwait One Of Top Countries In World Suffering From Diabetes', Arab Times (MENAFN - Arab Times) The following is an interview with Dr Kazem Behbehani ...
Greece’s debt may not be so daunting
The Record - 7/24/2015 7:54:42 AM
Sure, its per capita GDP remains high — almost $26,000 in 2014, taking into account purchasing power parity, making it 44th in the world ... countries to which the IMF applies the low-income framework: most of its debt — 79 per cent — is held by ...
National Debt Forgiveness Reduces Tax Efforts, Perpetuates Aid Dependence, New Research Finds
Busbyway - 7/27/2015 6:13:55 PM
The international finance community, which includes The World Bank and the International Monetary Fund, has earmarked as much as $400 billion for debt write-offs in more than 50 developing countries since 1996. Although a debt write-off may be considered ...
World Bank Appoints Oteh As Vice President And Treasurer
Channels Television - 7/24/2015 11:53:55 PM
Engage in her capacity as one of the World Bank’s key representatives, with outside stakeholders including Global Private Sector Financial Institutions, the financial media, sovereign debt and reserve managers in client countries, as well as ratings ...
IMF supports Ja’s debt sale
Jamaica Observer - 7/24/2015 8:01:52 AM
It’s an important step in reducing the value of the country’s public debt and will help to put debt ... saying the island is making progress in lowering debt levels that remain among the world’s highest. Moody’s Investors Service raised its grade ...
Greece rocked by reports of secret plan to raid banks for drachma return
theguardian.com - 7/26/2015 7:12:22 PM
said the move would have allowed pensions and public sector wages to be paid if Greece were forced out of the euro. Related: Who’d be young and Greek? Searching for a future after the debt crisis “The main reason for that was for the Greek economy and ...
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 ...
Arunma Oteh Appointed World Bank VP & Treasurer
Bella Naija - 7/24/2015 12:41:02 PM
in her capacity as one of the World Bank’s key representatives, with outside stakeholders including global private sector financial institutions, the financial media and the sovereign debt and reserve managers in client countries, as well as ratings ...
My Turn: Let’s relieve college students of the burden of debt
Concord Monitor - 7/25/2015 4:11:37 AM
My father, Tom O’Malley, a World War II bombardier ... of our students – 70 percent – are graduating with debt. In New Hampshire, they’re carrying the highest student loan loads in the country, averaging more than $32,735. This is a crisis.