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
Spain's public debt hits record high
Omaha World-Herald - 6/14/2013 10:36:16 AM
MADRID (AP) - Spain's central bank says the country's public debt burden rose to a record 88.2 percent of gross domestic product at the end of the first quarter. The bank said Friday that Spain's debt was 922.82 billion euros ($1.23 trillion ...
Eurogroup asked to reduce public debts of its member states
europeansting.com - 6/18/2013 1:37:38 PM
This second reduction was promised by the Europeans to the IMF as mentioned above, in order the Fund to continue participating in the troika of EC-ECB-IMF, which has undertaken the drafting and the implementation of the current second rescue ...
World Bank warns of shock to debt-laden emerging economies as global liquidity is withdrawn
Financial Post - 6/14/2013 4:27:02 PM
The bank warned that banks “may be at particular risk” in countries ... The World Bank said private credit in China was now the highest of all emerging markets at 160% of GDP. “Private debt can rapidly become a public sector problem ...
Greece's public TV still off despite court ruling
Boston.com - 6/18/2013 7:57:02 PM
ATHENS, Greece (AP) — State TV channels in Greece remained off-air Tuesday as the political storm over the future of public broadcaster ERT raged on, despite a court ruling that the prime minister’s decision to pull the plug was wrong.
Spanish Q1 public debt up to USD1.228tr, 88.2% of GDP
MENAFN - 6/18/2013 7:39:44 AM
Â Gas2Grid has further reinforced its belief that the Malolos-1 well onshore Cebu, Philippines, is capable of commercial oil production after recovering 30 ... Jun 18 2013 Qatar- Children jump to safety as fire guts apartment,The Peninsula (MENAFN - The ...
World Cup only benefits outsiders, say Brazil protesters
CNN - 6/18/2013 7:42:43 PM
Belo Horizonte, Brazil (CNN)-- At 11 pm, the tired and the injured gathered in Belo Horizonte for one last expression of discontent. More than a thousand sat in Praca Sete de Setembro, a square in the center of the city, chanting against the ...
World Cup renovations shouldered by Brazilian taxpayers exceed $3 billion, lead to widespread protest
United Press International - 6/18/2013 4:00:48 PM
Brazilians have adopted a new slogan: "Nos não precisamos da Copa do Mundo," or "We don't need the World Cup." Brazilian demonstrators took to the streets to protest the spending, which has led to deprioritization of government services ...
Sinking in: Pakistan to be in Rs14t debt quagmire by end of fiscal 2013
tribune.com.pk - 6/12/2013 12:01:33 AM
The country’s public debt will cross the Rs14 trillion mark in the next three weeks, higher by Rs1.3 trillion compared to the previous year. If the projections hold true, this will result in the violation of an Act of Parliament, which restricts ...
More countries abandon GM seeds, crops in response to widespread public disapproval
Natural News.com - 6/18/2013 5:02:15 AM
The South American nation of Venezuela is currently in the process of crafting legislation to bar transgenic seeds and crops from entering the country, while biotechnology giant Monsanto has completely withdrawn all of its business efforts from the ...
Soaring National Debt Remains a Grave Threat
heritage.org - 6/18/2013 4:50:55 PM
Federal government debt has nearly doubled since President Barack Obama took office and is projected to increase 50 percent over the next decade—and then rise rapidly thereafter—under existing policies. As federal debt has soared, so have concerns ...
Balkans hope to join Turkey in retiring IMF debt
Southeast European Times - 6/11/2013 3:04:41 PM
By the end of 2012, public debt of BiH amounted to 3.6 billion euros, which is about 34 percent of its GDP, including about 950 million euros to IMF. Being an EU member country since 2007 ... Aurelian Dochia, former World Bank consultant and an expert ...
Public firms' debts soar under previous administration
GlobalPost - 6/12/2013 7:18:13 AM
Of the country's public firms, LH had the largest amount of debt totaling 138.1 trillion won at the end of last year, up 5.8 percent from a year earlier. In a separate case, the Korea Water Resources Corp. (K-Water) failed to get enough support from the ...
Debt: the ogre is upon us!
Business Recorder - 6/11/2013 11:18:36 PM
The stress on “adopting fiscal discipline” is easily understood given the context of the ‘Public Debt’ section of the Economic Survey. As a percentage of GDP, this country has seen worse times. Back in 1998-99, public debt as a proportion of GDP ...
Breaking Down Manchester United's Finances and How Large Their Debt Is
Bleacher Report - 6/18/2013 8:54:18 PM
The Guardian recently reported that United have nailed down a new loan from Bank of American which will reduce their interest costs by about £10m a year. The deal cuts United’s total debt to £370m and offers an estimated interest rate of 2 ...
The scale of debt in the western world now threatens a serious collapse
OpenDemocracy - 6/11/2013 8:16:40 AM
But the accumulating debt is now so large, the point of no return may have ... This has not, however, stopped many spectacular defaults taking place. Almost every country in the world has failed to pay its debts at one time or another.