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
How this debt-addicted world could go the way of the Mayans
Market Watch - 4/27/2015 4:59:54 AM
Nowadays many countries’ social and political structure relies ... Rather than deal with the fundamental issues, policy makers substituted public spending, financed by government debt or central banks, to boost demand. Strong growth and higher inflation ...
Debt relief for Jamaica will not happen overnight
Jamaica Observer - 4/26/2015 5:01:05 AM
CBQ1: The IMF, World Bank and the IDB have classified Jamaica as a Heavily Indebted Country (HIC), but ... you think Jamaica could approach debt forgiveness. JJ: Domestic debt accounts for about 51 per cent of total public debt as of the end of 2014.
'The economy of new drivers and old drags': The World Bank has a few words for Lebanon
Al Bawaba - 4/26/2015 4:42:36 PM
Policymakers need to urgently address Lebanon’s longstanding and worsening structural bottlenecks, said Eric Le Borgne, lead economist at the World Bank ... Harake said that the total public debt continued rising in 2014 but at a slower rate, reaching ...
21st Centry Challenges To American Democracy- Part II -Rising Public Debt, Dwindling Democracy
Counter Currents - 4/27/2015 6:18:38 AM
The public debt is indeed massive by historical standards for a ... It is ironic that the wealthiest country in the world is terrified by a culture of fear that the media, both conservative and liberal, reinforces on a daily basis. This is largely because ...
Japan's Credit Rating Is Downgraded For Staggering National Debt
TPM - 4/27/2015 10:57:49 AM
Fitch Ratings has lowered Japan's credit rating as the country continues to wrestle with staggering ... and political stability support Japan's ratings. Most of Japan's public debt is held by the Bank of Japan and other Japanese financial institutions ...
Should Greece Pay Back Its Debt?
socialistresistance.org - 4/27/2015 11:55:04 AM
... committee of the Parliament to investigate the truth about the increase in Greece’s public debt. Eric Toussaint of the Committee for the Abolition of Third World Debt is the team’s scientific coordinator. The Debt Truth Committee currently ...
Funding education like a Third-World country
Jackson Herald Today - 4/24/2015 2:57:35 PM
Many of our colleges are spending money like water, hiking tuition rates faster than inflation and building new infrastructure with massive amounts of debt. And the overall ... systems like a backward Third World country? Mike Buffington is co-publisher ...
The ‘Arsenic’ made Manila among the world’s finest
Philippine Daily Inquirer - 4/25/2015 9:30:07 PM
On Holy Thursday, April 15, 1962, while it was in the midst of observing Lent, the entire country was shocked by the news over ... The capital city had been devastated by World War II and needed rehabilitation badly. We heard the news on board an ...
Why public investment?
neurope.eu - 4/23/2015 6:37:42 AM
Europe, for its part, is constrained by excessive public debt and weak fiscal positions. In the emerging world, India and Brazil are just ... work to encourage public investment within member countries, while international financial institutions ...
Countries That Hate America the Most
Yahoo News - 4/21/2015 12:37:59 PM
with public debt as a percentage of GDP growing from 22% in 2008 to 63% in 2013. This may also have contributed to the poor approval rating, as countries suffering financially are less likely to look favorably on the wealthiest nation in the world ...
Democratic resolution would decrease college debt
Vidette Online - 4/26/2015 11:44:56 PM
A group of congressional democrats drafted a resolution last week, ensuring students who attend public colleges ... investment for the country and not a class-based “Can you pay for it?” elitism. The U.S. total student loan debt has surpassed 1.1 ...
Seven in ten Greeks want a debt deal: Survey
Economic Times - 4/26/2015 4:06:48 PM
ATHENS: Seven out of ten Greeks want their leaders to reach an agreement with their creditors as the country's debt drama drags on ... that we are working for profound reforms and a reasonable public finance policy," Varoufakis told Greek paper Realnews.
The World This Week: Triumph of South Africa’s Spirit Against Adversity
Fair Observer - 4/23/2015 11:55:39 PM
The country’s debt rating was downgraded toward the end of last year and is in danger of junk status. A huge public sector wage bill leaves little ... farmers are prone to suicide in all parts of the world. In India, their lives are more extreme because ...
Repositioning the state to public domain
The Guardian - Nigeria - 4/27/2015 6:18:38 AM
But then, Buhari’s victory resonates more in the complete repudiation of the social vision and world view of neo-liberalism and accompanying exclusion of majority of Nigerians from the mainstream of the country ... cadre of the public intelligentsia ...
ANZ: Debunking China's Debt Conundrum
chinamoneynetwork.com - 4/22/2015 6:10:15 AM
Despite China's growing debt level and concerns of a credit bubble burst, the world's second largest economy has good ... that it may halt China’s economic convergence and plunge the country into a mid-income trap. But overall, with a strong commitment ...