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
Italy’s public debt skyrockets to 134% of GDP
Press TV - 10/25/2014 8:09:29 AM
As the public debt of Italy, the world's third biggest, continues to grow exponentially, the European statistics agency has warned that it has reached nearly 134 percent of the country's gross domestic product in the second quarter of 2014, Press TV reports.
The global debt trap: Robert J. Samuelson
OregonLive - 10/19/2014 4:59:09 PM
WASHINGTON -- Six years after the onset of the financial crisis, the world still has too much debt ... says that emerging-market countries "could be at the epicenter of the next crisis." Presumably, this would mean losses on public and private bonds ...
Call for having debt audit commission
Dawn - 10/16/2014 4:31:05 AM
The country had the lowest tax-to-GDP ratio in the world and a taxation system that was characterised ... in Struggle for Empowerment (WISE), said a significant part of the public debt in Pakistan was illegitimate since it had resulted from deliberate ...
The coming financial crisis: a harbinger of world renewal?
presstv.com - 10/24/2014 10:33:50 AM
The impact of debt will, of course, be most keenly felt in developing countries ... If governments across the world intend to avoid the inevitability of economic upheaval, social unrest and public protest, they need to finally accept that the existing ...
IMF-World Bank Structural Adjustment Programs (SAPs) ruined countries – fate of Sri Lanka?
Lankaweb - 10/15/2014 11:59:04 PM
Latin American socially oriented governments have rejected IMF’s neo-liberal policies after realizing that neither IMF nor World Bank have any ... because for getting loans countries have to follow IMF policies even for debt relief.
IMF appeals for help to countries affected by Ebola outbreak
Vanguard - 10/20/2014 5:55:14 PM
The Ebola virus has already killed no fewer than 4,600 people in Guinea, Sierra Leone and Liberia with the World Health Organisation (WHO), saying “it is focusing on 15 African countries in ... and provided that the public debt levels remained manageable ...
The Scotsman - 10/19/2014 10:28:26 PM
and the country’s total debt is probably more than £4.7tn. Yet public sector workers are agitating for pay increases and increased benefits. British workers have to realise that the rest of the world does not owe them a higher standard of living than 90 ...
Deficits, Debt, and Debasement
CATO Institute - 10/19/2014 11:54:20 PM
During World War II, for example, public debt increased to nearly 109 percent of GDP ... and do … business in the light of day,” President Obama instead accelerated the country down the path of overspending, made unsustainable promises, and used ...
The best economies in the world
USA Today - 9/14/2014 7:32:12 AM
With only a few exceptions, the world's least competitive countries have relatively low debt levels ... Germany's competitiveness score was hurt most by its high level of public debt.
Believe It or Not: A Communist Nation Is the World’s Most Pro-Capitalist Country
Townhall Finance - 10/12/2014 2:34:08 AM
First, some background. According to Wikipedia, Vietnam “is one of the world’s four remaining single-party socialist states officially espousing communism.” Yet according to a global public opinion survey from Pew Research, citizens of that communist ...
"Strong and balanced public finance affirmatively differentiates Turkey from other countries," the minister said
worldbulletin.net - 10/24/2014 6:08:58 AM
"Strong and balanced public finance affirmatively differentiates Turkey from other countries in a period when the public deficits and debt of other countries are ... Development Index -- created by the World Economic Forum, the index measures and ...
Debt, Tax Evasion and Competing Economic Doctrines Dominate IMF and World Bank Discussions
Forex Magnates - 10/14/2014 4:33:27 AM
Both men dismissed reports of political “divergence” between their country and the rest of the world ... and Italian public sector workers. Unfortunately, Italian growth rates remain just as anaemic as most of Europe with 2 trillion in debt obligations ...
IMF appeals for help to Ebola-hit countries
Mizo News - 10/20/2014 4:00:42 PM
The Ebola virus has already killed nearly 4,600 people in Guinea, Sierra Leone and Liberia with the World Health Organisation (WHO) saying it was focusing on 15 African countries in its ... and provided that the public debt levels remained manageable ...
Costa Rica seeking World Bank loan to cover debt, government expenses for 2015
Inside Costa Rica - 9/24/2014 11:45:12 AM
September 24 th, 2014 (InsideCostaRica.com) The government of Luis Guillermo Solís is seeking a loan from the World ... The country’s debt-to-GDP ratio is expected to reach close to 40% of GDP this year. Finance officials have not made public the ...
MAULDIN: We Shouldn't Be The Least Bit Surprised By Sluggish Global Growth
The Business Insider - 10/24/2014 6:11:58 PM
I featured the thinking of Dr. Lacy Hunt on the velocity of money and its relationship to developed-world overindebtedness ... public and private debt reached a critical range of 250%-275% of GDP. Econometric studies have shown that a country’s growth ...