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
With Austerity Under Fire, Countries Seek a More Balanced Solution
knowledge.wharton.upenn.edu - 5/22/2013 6:05:53 PM
While acknowledging the error in the spreadsheet data (though not the other criticisms of their methodology), they stand behind their ... to how much debt a country can run. Some go bankrupt with debt at 60% of GDP; others can go up to 200% ...
Slovenia adopts debt cap to stave off crisis
Associated Press - 5/24/2013 2:28:46 PM
Slovenia's public debt is set to surge to 71 percent of annual GDP in 2014 as the state faces huge costs saving its banks, which hold some 7 billion euros ($9 billion) in bad loans. The first ex-communist country to adopt the euro in 2007 has ...
Asia Goes on a Debt Binge as Much of World Sobers Up
Yahoo! Finance - 5/24/2013 12:19:55 PM
In the heart of Kuala Lumpur lies the abandoned foundation of Plaza Rakyat, a never-built skyscraper and shopping mall. Rusty rebar jutting from concrete pilings and fetid green pools of rainwater serve as an unintended monument to the debt ...
High public debt raises fiscal crisis risk: IMF official
Webindia 123 - 5/21/2013 5:52:45 PM
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 line with ...
Lebanon's public debt rapidly increasing: Bank Audi
ameinfo.com - 5/21/2013 9:41:49 PM
Lebanese lender Bank Audi has said the country's public debt and budget deficit saw a substantial rise at the beginning of the year, warning against policies that could further weaken its financial stability, The Daily Star has reported. "After Lebanon ...
Pakistan's new government must put development before debt repayment
The Guardian - 5/22/2013 2:49:38 AM
While the pummelling of northern Pakistan by unmanned US drones continues to fan the flames of extremism, the debt crisis provides the public with further evidence that their lives are expendable. In a country where 50 million people live below ...
Debt financing by pension funds a steadily growing business
Financial Post - 5/22/2013 3:21:15 PM
One day after OPB Finance Trust raised $250-million of nine year debt at 2.90%, more information has emerged about the borrowings by some of the country’s leading public sector pension funds. For instance: — According to DBRS, the total debt ...
Slovenia to Approve Debt Ceiling as Bratusek Vows to Tackle Woes
Bloomberg - 5/22/2013 11:56:38 PM
Slovenia is set to approve a constitutional cap on public debt after several delays as the nation seeks ... according to data compiled by Bloomberg. The country had its credit rating cut one level by Fitch Ratings to BBB+ May 17 on a worsening ...
PUBLIC VS. PRIVATE COLLEGE: Which Is Better For Your Wallet?
The Business Insider - 5/22/2013 10:02:07 PM
TUITION Tuition and fees for a public four-year institution cost $20,823 for the 2011-12 school year –– about $8,000 less than private institutions. Hands down, public universities are the better buy by definition alone. Because their funding is ...
Japan panel warns of dangers if debt not addressed
Yahoo! News - 5/21/2013 2:43:39 AM
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.
IMF Rethinking Role in Managing Sovereign Debt in Crises
Wall Street Journal - 5/23/2013 8:35:01 PM
The International Monetary Fund is rethinking its role in how sovereign debt is managed in crises, concerned that recent developments in sovereign debt markets threaten the effectiveness of its bailout programs. As the world’s emergency lender ...
Japan govt panel warns of dangers if debt not addressed
Financial Express - 5/20/2013 8:52:54 PM
A Japanese government panel warns there is “absolutely no guarantee” that domestic investors will keep financing the ... tackle a public debt that, at more than twice the nation's annual economic output, is the biggest in the developed world.
Germany is the 'Most Popular Country in the World'
CNBC - 5/23/2013 12:42:35 PM
"It is a large and important world economy ... Other countries that saw a boost ratings included the U.K., which climbed to No. 3 in the table following its hosting of the 2012 Olympics. China and India proved less popular, however. After improving ...
Portugal plunders pension fund to tackle debt cliff
Reuters - 5/22/2013 10:42:04 AM
The fund had EUR5.5bn invested in Portuguese public ... debt, deemed sub-investment grade by all the major ratings agencies and viewed as one of the riskiest assets in eurozone government bond markets by investors. In Spain, a country hanging ...
External debt servicing exceeds $4.6 billion
Business Recorder - 5/19/2013 11:24:24 PM
The country ... debt servicing during first quarter of FY13, about $1.975 billion in second quarter and $1.507 billion in third quarter of current fiscal year. The detailed analysis revealed that over 87 percent of servicing has been made on account of ...